New 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…
Read MoreIncreasing number of scam emails and telephone calls reported
Increasing number of scam emails and telephone calls reported Companies House has reported an increase in scams as letters and telephone calls pretending to be from them have come to light. The following link that has been published, not only tells you what to do if you receive a letter or telephone call from Companies…
Read MoreProfit & Loss will become mandatory when filing for small companies from 2027
Profit & Loss will become mandatory when filing for small companies from 2027 Major changes to filings for small companies will come into force shortly with compulsory profit and loss accounts and balance sheet disclosures. Companies House will begin streamlining the accounts filing options for small and micro-entity companies as well as the abolition of…
Read MoreCompanies House filings to be software only from 2027
Companies House filings to be software only from 2027 All company accounts will have to be filed at Companies House using commercial software from April 2027 as paper filings will no longer be allowed from this date. This major change to filing requirements will see Companies House only accepting fully digitised company accounts which means…
Read MoreHMRC releases information regarding businesses with HMRC debt
HMRC releases information regarding businesses with HMRC debt Reports from HMRC suggest that companies are struggling to pay tax bills on time with arrears to HMRC running at an average of £28bn per month, with official figures, which have been obtained from HMRC under the Freedom of Information, revealing the scale of unpaid debts owed…
Read MoreHMRC will begin to fine Crypto investors £300 for non-disclosure
HMRC will begin to fine Crypto investors £300 for non-disclosure Regulations introduced in the UK as part of Crypto-asset Reporting Framework (CARF) which require crypto platforms to share detailed information with tax authorities of clients’ crypto transactions, will come into effect from 01 January 2026. UK crypto holders will now have to provide personal details…
Read MoreHMRC is continuing to urge ‘side hustlers’ to complete tax returns
HMRC is continuing to urge ‘side hustlers’ to complete tax returns Under existing tax rules, as soon as you earn over £1,000 in a tax year through a ‘side hustle’ you will need to register with HMRC and file a self-assessment tax return. A side hustle can come in various forms, from creating monetised content,…
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