IHT on pensions most unpopular of Labour’s tax increases
Posted on Thursday, July 17th, 2025
Inheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey. The survey conducted by investment platform AJ Bell found that... Read Full Article...
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HMRC to fine crypto investors £300 for non-disclosure
Posted on Thursday, July 17th, 2025
UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC. The regulations will be introduced in the UK on 1 January 2026 and are... Read Full Article...
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HMRC criminal tax offence plan risks going too far, warns CIOT
Posted on Thursday, July 17th, 2025
HMRC plans to introduce a tax avoidance criminal offence risks overreach, the Chartered Institute of Taxation (CIOT) has warned. HMRC plans to create a new strict liability criminal offence for failing to disclose notifiable arrangements under the... Read Full Article...
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HMRC sends side hustle warning
Posted on Thursday, July 17th, 2025
HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return. Side hustles can be any additional income stream, from online selling... Read Full Article...
Windsor Framework starting to fracture the UK Internal Market, warns FSB
Posted on Thursday, July 17th, 2025
The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB). The Framework was negotiated as part of the UK’s exit from the EU and... Read Full Article...
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More than 25% of UK businesses hit by cyber-attack in past year
Posted on Thursday, July 17th, 2025
More than one in four UK businesses have been the victim of a cyber-attack in the last year with many risking ‘sleepwalking’ into disruption, according to a new report. The survey conducted by the Royal Institution of... Read Full Article...
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Tax gap estimated at 5.3%
Posted on Thursday, July 17th, 2025
The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC. The tax gap is the difference between what tax is expected to be paid and actually paid. HMRC collected... Read Full Article...
UK government launches Industrial Strategy
Posted on Thursday, July 17th, 2025
The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy. The government says the Industrial Strategy was developed in partnership with business and includes targeted support for the... Read Full Article...
Latest guidance for employers
Posted on Thursday, July 17th, 2025
HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including: PAYE Settlement Agreement calculations 2024 to 2025 organised labour fraud — the supply of labour through Employment Intermediaries... Read Full Article...
HMRC names and shames over 500 employers for failing to pay NLW
Posted on Friday, June 6th, 2025
HMRC has named and shamed over 500 UK employers for failing to pay the National Living Wage (NLW) or the National Minimum Wage (NMW). The employers will now be forced to repay over £7.4 million to nearly... Read Full Article...
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