Spring forecastThe chancellor will make a statement to parliament on 3 March 2026 in response to an economic and fiscal forecast to be published by the Office for Budget...
The level of the inheritance tax agricultural and business property reliefs threshold will be increased from £1m to £2.5m when it is introduced in April 2026, the...
More than 4,800 self-assessment scams have been reported since February 2025, HMRC has revealed. The department is reminding people to be vigilant as the self-assessment deadline...
The VAT exemption applies to supplies of locum doctors, not just the supply of medical care, HMRC has confirmed in new guidance. It had previously interpreted the relevant...
HMRC has decreased interest rates for late payments for most taxes, after the Bank of England’s decision in December to reduce the base rate to 3.75%.
From 29 December 2025,...
HMRC received 4,606 self-assessment tax returns on Christmas Day – a small increase on the same day in 2024, when 4,409 were submitted. The peak time for filing was between...
1 February 2026
£100 penalty and extended enquiry window if 2024-25 self-assessment tax returns not filed on or by 31 January 2026.
Payment of corporation tax liabilities for...
Taxpayers collectively spent 558 years calling HMRC last year, according to UHY Hacker Young. The average waiting time was 18 minutes, which is an improvement on the average...
Investors will be deterred from investing in venture capital trusts (VCTs) next year as a result of the government’s plans to cut income tax relief on VCTs from 30% to 20%...
An overseas establishment of a business that is VAT grouped in the UK should be treated as part of that VAT group, even when located in an EU member state that does not operate...