From April 2026, income tax reporting is set for one of the biggest shake-ups in a long time. The arrival of Making Tax Digital for Income Tax (MTD fo...
View articleFive UK accountancy firms have been named by HMRC for taking fees to refer clients into a tax avoidance scheme. HMRC warns users to seek guidance to a...
View articleThe Bank of England has kept interest rates at 4%, signalling caution as UK inflation remains nearly double its 2% target, and announced a reduction i...
View articleThe UK life sciences sector is at a crossroads. Despite world-class research, talent, and government support, disputes over NHS pricing and growing US...
View articleHMRC anticipates that 2.9 million individuals with self-employment or property income will join Making Tax Digital between 2026 and 2028. Uptake will ...
View articleHMRC's revelation that it is using AI to monitor taxpayers’ social media posts in criminal investigations has sparked a heated debate on data privacy,...
View articleThe UK’s income tax landscape is shifting, with the wealthiest earners contributing less while middle-income groups see their tax burden rise. Accordi...
View articleMaking Tax Digital for Income Tax will reshape reporting from April 2026. Here’s what accountants need to know: thresholds, deadlines, and preparation...
View articleHM Revenue and Customs (HMRC) will send 1.4 million letters in the coming months to alert UK taxpayers about unpaid income tax as part of its annual c...
View articleThe EY ITEM Club’s Summer Forecast has upgraded UK GDP growth for 2025 to 1%, up from 0.8% predicted in April. While the revision reflects a stronger-...
View articleCritical financial distress among UK businesses rose sharply in the second quarter of 2025, with nearly 50,000 companies now struggling to stay afloat...
View articleTaxpayers urged to appeal fines as experts warn many could be wrongly penalised Read More...
View articleUK accountants report tentative signs of recovery following two consecutive quarters of improved sentiment, but business confidence remains well below...
View articleHMRC has officially ruled out plans to introduce Making Tax Digital for Corporation Tax, confirming the shift in its July 2025 Transformation Roadmap....
View articleHMRC is preparing to launch a wave of new tax investigations targeting high-income earners and individuals with substantial assets, according to new i...
View articleFinancial capital thrives by consuming finite resources. But if we continue on the current path, we risk undermining the very systems that support our...
View articleA growing number of mid-tier accountancy firms are eyeing private equity investment and new ESG service lines, according to fresh research from the IC...
View articleAs HMRC ramps up efforts to digitise the UK tax system, FreeAgent is doubling down on its efforts to support accountants and clients through the MTD t...
View articleTax 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 articleNearly half of small businesses report cash flow issues amid rising costs, QuickBooks data shows Read More...
View articleHMRC has lost £47m to a sophisticated phishing fraud that saw organised criminals exploit stolen personal data to create or hijack around 100,000 PAYE...
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...
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