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HMRC continues to send updates for Making Tax Digital
HMRC continues to send updates for Making Tax Digital With just seven months to go until more than 800,000 landlords and self-employed workers will have to start to file quarterly updates with HMRC for Making Tax Digital (MTD) for Income Tax, The Director of MTD at HMRC, has explained what will happen. Therefore, if you’re…
Read MoreHMRC is bringing in tougher checks for higher rate pension relief claims
HMRC is bringing in tougher checks for higher rate pension relief claims HMRC have stated that a third of claims for personal pension relief by higher rate taxpayers are incorrect with numerous ineligible claims, mistaken calculations and some not even knowing how much they paid into their pensions! Therefore, HMRC have announced that it is…
Read MoreHMRC have confirmed an increase in EV mileage rates for public charging
HMRC have confirmed an increase in EV mileage rates for public charging HMRC have recognised the price discrepancy between charging a car at home or on the street and has split fuel advisory rates for electric cars depending on where drivers charge their company cars. From 1 September 2025, the universal advisory electric rate for…
Read MoreLate payment invoices to have a 60 day limit
Late payment invoices to have a 60 day limit Late payment of invoices costs the UK economy approximately £11bn a year and shuts down businesses every day, putting enormous stress on small and medium sized businesses. The government plans to effectively limit payment terms between UK businesses to 60 days by introducing legislation to amend…
Read MoreHMRC sending tax demands to taxpayers!
HMRC sending tax demands to taxpayers! HMRC are writing to hundreds of people that they believe need a prompt to pay the correct tax, for example pensioners and side hustle earners. The letters will include a detailed assessment of unpaid tax on income above the personal allowance threshold and will also inform the taxpayer on…
Read MoreCompanies House confirms ID verification date
Companies House confirms ID verification date From 18 November 2025 company directors and people with significant control (PSC) will have to verify their identities both when they incorporate a company and also if they become the director of an already existing company. Also, all current directors will need to verify their identities when the next…
Read MoreNew dedicated bereavement service helpline
New dedicated bereavement service helpline HMRC have announced a new dedicated bereavement helpline to assist bereaved family members or their representatives. The new helpline allows people to report a death and settle the deceased’s tax affairs by calling the new dedicated bereavement service helpline on 0300 322 9620. Interactive Voice Response (IVR) messages direct customers…
Read MorePlans to update anti-money laundering rules in the pipeline
Plans to update anti-money laundering rules in the pipeline The Treasury is going ahead with plans to update the anti-money laundering rules to clarify due diligence requirements, remove euro currency values and enhance the trust register. Following a consultation on the rules, the Treasury have announced they will make a number of changes to the…
Read MoreNational Insurance Contributions are up £5bn on same time last year!
National Insurance Contributions are up £5bn on same time last year! The overall National Insurance Contributions (NIC’s) take has increased by £11.76bn between April and June 2025, soaring to £209.6bn in just three months, with almost £5bn of this increase coming directly from employers’ NICs. Income tax, capital gains tax and NICs have accounted for…
Read MoreHMRC announces a digital PAYE system
HMRC announces a digital PAYE system Over 30 million workers across the UK will soon be able to access their taxes easier than before as HMRC unveils its PAYE service and announces around 50 measures to transform the UK’s tax and customs system. One of the first of the changes will be that taxpayers will…
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