Crackdown on late payments launched in plan to back small businesses

Aug 04, 2025

The government is set to tackle late payments to businesses with significant legislative reforms.

Late payments cost the UK economy £11 billion a year and shut down 38 businesses every day,…

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Time for taxpayers to get ready for Making Tax Digital for Income Tax

Jul 27, 2025

Self-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).

Taxpayers…

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HMRC launches online PAYE service

Jul 23, 2025

HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs.

The tax authority says the new service will make it simpler…

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Harsh personal guarantees will chill growth ambitions, warns FSB

Jul 20, 2025

Personal guarantees risk holding back the growth the economy needs, the Federation of Small Businesses (FSB) has warned.

Research by the FSB shows that 60% of limited company directors…

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IHT on pensions most unpopular of Labour's tax increases

Jul 17, 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…

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Watch out for Winter Fuel Payment scams

Jul 13, 2025

HMRC has issued a warning to be on high alert for scams linked to Winter Fuel Payments after receiving 15,100 reports of bogus activity in June.

Fraudsters have been targeting vulnerable…

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HMRC to fine crypto investors £300 for non-disclosure

Jul 08, 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…

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Criminal tax offence plan risks going too far, warns CIOT

Jul 04, 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…

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HMRC sends side hustle warning

Jul 01, 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…

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