Tax avoidance and evasion among the UK’s wealthiest individuals is on the rise, with underpaid liabilities climbing from £1.9bn to £2.1bn in the last ...
View articleThe UK tax gap held steady at 5.3% in 2023–24, translating to £46.8 billion in unpaid taxes, according to the latest HMRC statistics. While the percen...
View articleSelf-employed workers are flooding the internet for Making Tax Digital (MTD) guidance as HMRC helplines fall short, leaving many scrambling for answer...
View articlePCRT bodies clarify standards ahead of 2026 mandate, urging tax professionals to uphold accuracy in quarterly updates. Read More...
View articleNearly 800,000 self-employed individuals and landlords earning over £50,000 will need to overhaul how they handle income tax, as HMRC prepares to roll...
View articleNigel Farage has pledged to raise the personal tax-free allowance to £20,000, a move the Institute for Fiscal Studies says could cost up to £80bn annu...
View articleDenise Howarth, a self-assessment taxpayer with a previously spotless record, has successfully overturned £1,770 in fines and interest after a tribuna...
View articleCorporation Tax, VAT, and PAYE arrears surge as firms delay payments to preserve liquidity Read More...
View articleNew platform launched at Accountex aims to reduce admin and simplify compliance for landlords and multi-source income taxpayers Read More...
View articleNew survey shows a profession split between pressure and promise as April 2026 deadline looms Read More...
View articleHM Revenue and Customs (HMRC) is facing mounting criticism after reports surfaced of significant delays in processing tax refunds, with some individua...
View articleThe Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...
View articleSaffery LLP, a prominent top-15 accounting and advisory firm, has announced the appointment of Ami Jack as a partner and head of its National Tax team...
View articleWorcestershire-based accountancy firm Ballards LLP has been shortlisted for three categories at the Tolley’s Taxation Awards 2025. The firm, which ope...
View articleChancellor Rachel Reeves has ruled out any increases to UK wealth taxes in the upcoming Autumn Budget, putting an end to speculation over potential hi...
View articleUK small businesses are facing an annual tax compliance burden nearing £25 billion, according to recent findings by the Federation of Small Businesses...
View articleChancellor Rachel Reeves took to the despatch box today with a Spring Statement that balanced caution with conviction. Presented as a fiscal update—no...
View articleFor decades, tax teams have been stuck in a cycle of manual data entry, fragmented reporting, and constant reconciliation. Now, automation is transfor...
View articleICAEW warns that 10 years after its launch, MTD still brings high costs and complexity, urging taxpayers to prepare for the 2026 rollout. Read More...
View articleBusinesses across the UK should prepare for several significant tax changes coming into effect from 6 April 2025, according to the ICAEW. While some o...
View articleBusinesses that have relied on the joint online filing service for Company Tax Returns and accounts submissions will need to find alternative solution...
View articleHMRC’s enforcement of IR35 off-payroll working rules has generated an extra £4.2bn in tax over the past four years, affecting approximately 120,000 co...
View articleFor over a decade, HMRC’s Real-Time Information (RTI) system has been the backbone of payroll reporting in the UK. Introduced with the promise of impr...
View articleFive years on from Brexit, small and medium-sized businesses continue to face challenges from its tax and trade implications. It was hugely divisive, ...
View articleUK firms are increasingly defaulting on fines imposed for the late filing of annual accounts, with recent data exposing significant gaps in major comp...
View articleThe European Union has set 30 June 2032 as the deadline for the mandatory adoption of electronic VAT exemption certificates, replacing the traditional...
View articleThe UK’s tax authority, HM Revenue & Customs (HMRC), has abandoned plans to alter the tax treatment of members within limited liability part...
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