HM Revenue and Customs (HMRC) has confirmed that from January 31, 2026, households in the UK who fail to file their Self Assessment tax return on time will face strict financial penalties. An initial fixed penalty of £100 …
HM Revenue & Customs (HMRC) has announced significant changes to the taxation of pensions when a person dies after reaching age 75. Effective from 6 April 2027, the majority of unused pension funds and pension death benefits …
HM Revenue & Customs (HMRC) has announced a phased rollout of its Making Tax Digital (MTD) for Income Tax initiative, set to affect self-employed individuals and landlords earning above certain thresholds. Starting April …
HM Revenue and Customs (HMRC) has embarked on an ambitious 10-year journey to enhance its operations by signing a £175 million deal with UK-based technology company Quantexa. This landmark agreement seeks to harness …
HM Revenue and Customs (HMRC) has issued a final warning as its major tax system overhaul comes into force today, April 6. The introduction of Making Tax Digital (MTD) for Income Tax marks the biggest change to tax filing …
As HMRC prepares to implement its Making Tax Digital (MTD) system for income tax returns this April, more than 1,600 individuals have already applied for exemptions on the grounds of “digital exclusion.” This figure comes …
HMRC is implementing a new point-based penalty system for late submission and payment of income tax, coinciding with the rollout of Making Tax Digital (MTD) for income tax. Under the updated system, taxpayers who file their …
HM Revenue and Customs (HMRC) has issued a crucial reminder to millions of UK taxpayers that the deadline for filing and paying their Self Assessment tax returns is swiftly approaching. All individuals required to submit an …
HM Revenue and Customs (HMRC) is taking a firm stance on overdue VAT returns, issuing warnings to UK tax agents who have at least two outstanding returns. The tax authority has set a deadline of 7 February 2026 for agents to …