News

July 2025 In this month’s Enews, we look at the CIOT’s call for the government to take a strategic approach to tax policy and the government’s Industrial Strategy. We also look at a warning to taxpayers with online HMRC accounts and the gap between the tax haul expected and that actually collected. There is also…

June 2025 In this month’s Enews, we look at HMRC’s changes to late and penalty interest rates and the record numbers filing self assessment in the first week of the new tax year. There is news on the unpreparedness of sole traders for MTD and HMRC’s child benefit reminder to parents of older teens to update…

May 2025 In this month’s Enews, we look at the new service launched by Companies House that allows individuals to verify their identity through GOV.UK and at the cost of tax red tape on small businesses. We also look at HMRC’s warning for those sole traders and landlords who will soon be required to use…

APRIL 2025 In this month’s Enews, we look at HMRC’s research into the economic benefits of Making Tax Digital (MTD), a change in the threshold for reporting trading income on side hustles and at the Chancellor of Exchequer’s first Spring Statement. There is news on the Employment Rights Bill, an update on the Loan Charge…

The way that tax relief is given on employee pension payments depends upon what type of scheme it is. If the scheme is a ‘net pay arrangement’, the total pension contribution is deducted from your pay before tax is calculated, therefore, full tax is given immediately on the full pension payment. If the scheme is…

March 2025 In this month’s Enews, we look at the government’s decision to scrap powers for HMRC to collect data on the hours employees work, warnings from businesses over the impact of April’s employers’ National Insurance contributions (NICs) increase, at a government consultation on mandatory electronic invoicing for businesses and more. Proposed HMRC powers to…

 JANUARY 2025 In this month’s Enews, we look at ways HMRC could save millions of hours and improve its customer service levels and their warning for the taxpayers yet to file their self assessment returns. There is also news on the government’s Industrial Strategy and warnings about their employment plan from small business as well…

DECEMBER 2024 In this months Enews, we look at HMRC’s scam warning and updates, news on the UK’s Industrial Strategy and news on the fall in business confidence over the past quarter. There is also the latest Advisory Fuel Rates and the latest on the UK economy to update you on. Scams warning as self…

Autumn Budget Summary 2024 After what seems to have been an age of journalists speculating on the doom and gloom to befall us as the Government seeks to mend broken Britain, the Chancellor of the Exchequer, Rachel Reeves, yesterday delivered her “Budget for Change”. There were a few surprise measures but most of the content…

September 2024 In this month’s Enews, we look at the failures highlighted by HMRC’s Charter report and the tax authority’s cut in interest rates. We also update you on tax obligations for crypto investors and calls for action in the Autumn Budget. With news on advisory fuel rates and guidance for employers, there is a…