HM Revenue and Customs (HMRC) has announced the extension of the 5p per litre fuel duty cut until 31 December 2026. This measure includes the cancellation of two previously planned increases that were due to take effect on 1 …
The Financial Conduct Authority (FCA) has launched a review into the efforts of Child Trust Fund (CTF) providers to locate account holders, following reports that approximately 760,000 CTF accounts remain unclaimed, …
Her Majesty’s Revenue and Customs (HMRC) has disclosed a confidential honours “blacklist” comprising over 400 celebrities deemed ineligible for official gongs due to concerns over their tax affairs. The Sun on Sunday has …
HM Revenue and Customs (HMRC) has confirmed that three advisory fuel rates for drivers will be reduced starting from 1 September. These quarterly reviews by HMRC provide updated guidance on fuel reimbursement rates for …
A public petition advocating for an increase in the personal tax-free allowance to £18,000 is gathering support, with just 30 days remaining for people to add their signatures. Established by Mike Haynes, the petition targets …
HM Revenue and Customs (HMRC) has confirmed that it will begin receiving data on cryptoasset holders from January 2027, as part of the UK’s implementation of the Cryptoasset Reporting Framework (CARF). This framework, …
Reform UK has proposed a £30 tax rebate for taxpayers who spend more than half an hour on hold trying to contact HM Revenue and Customs (HMRC). The party has pledged to introduce this measure if it wins the next general …
HM Revenue and Customs (HMRC) has confirmed the final details regarding the treatment of pensions under the revised inheritance tax (IHT) rules, which will come into force from April 2027. Notably, from April next year, …
HM Revenue & Customs (HMRC) has undertaken an extensive review of around 45 million PAYE (Pay As You Earn) accounts as part of its annual tax reconciliation process. As a result, P800 tax calculation letters are currently …
The government led by Andy Burnham has announced plans to deploy inspectors to assess the value of homes, with homeowners potentially facing fines if they refuse entry. HM Revenue & Customs valuation officers will have the …
HM Revenue and Customs (HMRC) has announced the opening of the second phase of its mandatory online registration scheme for tax advisers. Adviser firms now eligible under this phase are required to complete their registration …
HM Revenue and Customs (HMRC) has confirmed that households submitting Self Assessment tax returns late will face penalties of up to £300 from August onwards. This follows the introduction of a January 31 deadline earlier …
HM Revenue and Customs (HMRC) has come under scrutiny following plans to introduce criminal offences related to tax declarations. The proposal, which would criminalise “recklessly making statements or declarations in tax …
HM Revenue and Customs (HMRC) has cancelled more than 48,000 tax return penalties after identifying a lack of human oversight within its automated penalty system. During the 2025-26 tax year, a record 48,189 fines were …
HM Revenue and Customs (HMRC) has initiated a comprehensive “enforcement blitz” aimed at clamping down on tax fraud and illegal activities among high street businesses. With over 30,000 interventions planned this year, HMRC …