Tax

Latest news

Image for unused pension pots taxed 40 2027

Tax | Unused pension pots taxed at 40% from 2027

Inheritance tax will be charged on all unused pension pots from April 2027 with income tax liability for those aged over 75 and a six-month payment deadline

24 Jul 2025

Tax | Further delay to resolution of NIC error for self employed

HMRC has confirmed that it is taking longer than expected to fix the calculation problem affecting some self assessment Class 2 National Insurance contributions

23 Jul 2025

Tax | Finance director loses due to ‘blatant disregard for the time limits’

The director of a real estate financing company has lost his right to appeal over £1m of discovery assessments due to making his appeal out of time

23 Jul 2025

Tax | Q&A: ATED reliefs on £1.5m property

In this week’s Q&A, Abigail Bothe of Croner-i VIP Tax Team assesses the rules around the charges for annual tax on enveloped dwellings for sheltered properties

23 Jul 2025

Tax

Property Tax

Tax Compliance

Image for government holds fast farm tax

Tax | Government holds fast on farm tax

To all farmers dismay the changes to agricultural property relief (APR) look to be going ahead as draft legislation published yesterday on the relief confirms the reform will be applied on 6 April 2026

22 Jul 2025

Tax

Inheritance Tax

HMRC

Image for unused pensions could be taxed 2027

Tax | Unused pensions could be taxed from 2027

The government has published draft legislation on imposing inheritance tax (IHT) onto unused pension pots that could come in from April 2027

22 Jul 2025

Tax

Inheritance Tax

HMRC

Image for employers nics take ps5bn last year

Tax | Employers' NICs take up £5bn on last year

The increase in employers’ National Insurance contributions (NICs) is beginning to show as over the last three months businesses have paid almost £5bn more than last year

22 Jul 2025

Tax

HMRC

Tax | HMRC plans 90% digital only contact within five years

All UK taxpayers will be able to access their taxes easier than before as HMRC plans to improve digital tax accounts to end reliance on phonelines

21 Jul 2025

Tax | HMRC helpline staff accused of making ‘basic errors’

The annual accounts of HMRC shares its vision to create a ‘high-performing organisation with a skill and engaged workforce’ as agents state helpline staff lack the expertise needed

21 Jul 2025

Tax

HMRC

Image for tips how navigate making tax digital

Tax | Tips on how to navigate Making Tax Digital

With only eight months until MTD for Income Tax for the affected £50k plus earners, awareness is low and the reporting is complex and burdensome due to quarterly reporting requirements. Stuart Miller, director of product compliance, Xero, explains the key issues to consider

21 Jul 2025

Tax

Making Tax Digital

Tax Compliance

Image for minister tells accountants do more raise mtd awareness

Tax | Minister tells accountants to do more to raise MTD awareness

The Treasury minister responsible for HMRC has urged those ‘knowledgeable’ about Making Tax Digital (MTD) to share what they know as it ‘is not something government can do’

18 Jul 2025

Tax | Non doms paid £12.4bn in tax last year

The number of non dom taxpayers in the UK is holding steady for now with only a 1% decline last year but they paid over £12.4bn in tax

17 Jul 2025

Tax

Personal Tax

HMRC

Image for ai powered search powering better croner i experience

Business | AI-powered search: powering a better Croner-i experience

Jude Fletcher, director of search & generative AI at Croner-i explains how Croner-i is integrating semantic search into products

17 Jul 2025

Tax | MPs urge HMRC to target tax havens

The Public Accounts Committee (PAC) is calling on HMRC to take tougher action on the wealthy by targeting ‘wealth that is currently squirrelled away in tax havens’ as £849bn is held offshore

17 Jul 2025

Tax

HMRC

Tax Compliance

Image for ps1k penalties quashed taxpayer genuinely mistaken

Tax | £1k penalties quashed as taxpayer ‘genuinely mistaken’

A property owner had penalties for late payment cancelled after an HMRC letter about her ex-husband who had left the country caused a misunderstanding

16 Jul 2025