The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns that provisions included in the Finance Bill 2025–26 are drafted too broadly and could have unintended consequences for tax advisers. The legislation expands the dishonest conduct rules for tax agents, introducing penalties where actions are taken with the intention of reducing tax...
The HMRC trust registration deadline is a critical compliance requirement for trustees across the UK. Recently, HMRC has confirmed that it will not extend the end-of-year deadline for trust registration, despite growing concerns from advisers and trustees. However, there is some reassurance: HMRC has stated that it will consider ‘reasonable excuses’ where deadlines are missed...
The interaction between student loan repayments and payrolled benefits is an important topic for both employers and employees. With HMRC’s increasing focus on real-time payroll data, understanding how these two elements work together can help businesses stay compliant and ensure accurate deductions. How Student Loan Repayments Work When an employee’s earnings cross a certain...
The UK tax system is undergoing a significant digital transformation through Making Tax Digital (MTD) — an HMRC initiative designed to modernise the way businesses, landlords, and individuals record, report, and manage taxes. The goal of MTD is simple yet powerful: to make tax administration more efficient, accurate, and easier for everyone. At Care Accountancy,...
Understanding HMRC’s data-driven tax approach In recent years, HMRC’s large-scale data analysis has become one of the UK’s most powerful tools for increasing tax revenue and improving compliance. By harnessing advanced analytics and artificial intelligence, HMRC can now identify tax irregularities, detect avoidance schemes, and recover billions of pounds in unpaid taxes. This digital transformation...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
