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Issue : Vol 198, Issue 5039

Issue : Vol 198, Issue 5039

2 Jul 2026
IN THIS ISSUE

Shop early for Christmas!

A lifetime of flexibility
Possible challenges created by the overnight tourist levy.
Income tax
Self assessment
Is fitness expert’s income exempt from VAT? One of my sole trader clients is approaching the compulsory VAT registration threshold, but I am not sure if his income would be classed as exempt,...
The UK tax gap for 2024-25 was estimated to be £59.2bn or 6.4% of theoretical tax liabilities, which were £924.4bn, according to HMRC data. Although this is about £9bn more than in...
In its tax update 2026, the government confirmed plans to implement ‘more timely payments’ for taxpayers in income tax self assessment (ITSA) with the launch of a consultation...
Views are sought on plans to require businesses to pay their PAYE and VAT return liabilities by direct debit, with the aim of reducing late payment, limiting the flow of debt and simplifying the...
HMRC is consulting on steps to recover lower value tax debts from taxpayers who have persistently not engaged with HMRC. The proposed measure would apply to the taxpayer’s total tax debts,...
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