<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>taxadvice on Birmingham Daily</title><link>https://birminghamdaily.co.uk/tags/taxadvice/</link><description>Recent content in taxadvice on Birmingham Daily</description><generator>Hugo -- gohugo.io</generator><language>en-us</language><lastBuildDate>Mon, 18 May 2026 05:46:19 +0000</lastBuildDate><atom:link href="https://birminghamdaily.co.uk/tags/taxadvice/index.xml" rel="self" type="application/rss+xml"/><item><title>HMRC Launches Automatic Tax Adviser Registration Starting May 2026</title><link>https://birminghamdaily.co.uk/hmrc-launches-automatic-tax-adviser-registration-starting-may-2026/</link><pubDate>Mon, 18 May 2026 05:46:19 +0000</pubDate><guid>https://birminghamdaily.co.uk/hmrc-launches-automatic-tax-adviser-registration-starting-may-2026/</guid><description>HMRC is rolling out a significant update on Monday, May 18, 2026, introducing a new digital registration system for tax advisers. This initiative is designed to help organisations determine whether they need to register under the updated tax adviser rules.
The new online tool guides users through a series of questions to assess their registration requirements. According to HMRC, existing accounts will be automatically transferred to this system. As part of the process, HMRC will verify that advisers meet the required standards and will contact users via their agent services account if additional information is needed.</description></item><item><title>Child Benefit Alert for Parents Approaching £60,000 Income Threshold</title><link>https://birminghamdaily.co.uk/child-benefit-alert-for-parents-approaching-60000-income-threshold/</link><pubDate>Sun, 17 May 2026 04:30:00 +0000</pubDate><guid>https://birminghamdaily.co.uk/child-benefit-alert-for-parents-approaching-60000-income-threshold/</guid><description>Parents are being advised to carefully consider the impact of Child Benefit thresholds, especially if they receive a promotion or salary increase. From the 2024-2025 tax year, the income threshold for Child Benefit repayments has risen to £60,000.
Only one parent’s income needs to cross this threshold for repayments to apply, not both. Households where an individual earns over £60,000 will have to repay a portion of their Child Benefit, with the requirement to repay it in full once earnings reach £80,000.</description></item></channel></rss>