According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day. They were part of the 37,435 people who submitted returns between Christmas Eve and Boxing Day, as HMRC once ...
READ MOREBy now, you may have already begun trying to make your New Year’s resolutions stick, although some may have already been abandoned. For HMRC, a consistent resolution is to tackle the tax gap that contributes to the challenges in raising public ...
READ MOREThe Autumn Budget saw many individuals and businesses alike disheartened by measures that seemed to inhibit growth. However, just before Christmas, the Chancellor made an announcement that could offer some relief for many who were fearing upcoming Inheritance Tax (IHT) considerations. Whether ...
READ MOREWhen a year ends, it is natural for many to look back on the time that has passed and reflect on what was achieved. Whether this is sharing Spotify Wrapped playlists or rankings of the best films of the year, this ...
READ MOREHMRC has issued a clear message to businesses that rely on seasonal and short-term staff that payroll compliance is not optional, even for temporary contracts. As demand increases across retail, hospitality, leisure, logistics and other seasonal sectors during the busy Christmas ...
READ MOREThe Freedom of Information request to HMRC shows that it has issued more than £16 million in fines to mid-sized businesses for Corporation Tax failings. This is eight times the size of fines issued to this same size of business when ...
READ MOREFrom April 2026, the cost of providing fuel with company cars and vans is rising again. HMRC has confirmed that car and van fuel benefit charges will increase in line with inflation for the 2026/27 tax year, pushing the car fuel ...
READ MOREWhile we would like to be in a position where every business is on the fast track to growth, there are times when things need to be pared down somewhat. Whether a decline in revenue or a restructuring has resulted in ...
READ MOREOne of the key consequences of the 2025 Autumn Budget is the impact it is likely to have on how small and medium-sized businesses approach pay. With inflation still tracking higher than in previous years, there is increasing pressure on employers ...
READ MOREWhile the Autumn Budget has managed to leave a bitter taste in the mouth of many business owners and individuals, some solace can be found in the sanctity of long-term money security. From 1 December 2025, UK bank customers will benefit ...
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