Tax compliance has always been an important responsibility for UK businesses, but recent HMRC activity shows that enforcement is becoming even more rigorous. As part of its latest compliance campaign, HMRC is increasing efforts to tackle high street tax fraud, targeting businesses suspected of deliberately underreporting income, failing to keep accurate records, or evading tax...
Court Rules Executors Need Not Remain Neutral in Cases of Suspected Deception The England and Wales High Court has confirmed that executors are not always required to remain neutral when there is evidence suggesting dishonesty or deception in relation to an estate. In Teixeira v Moaven [2026] EWHC 1215 Ch, the court examined a deathbed declaration...
The UK’s transition to Making Tax Digital represents one of the biggest changes to the tax system in recent decades. However, recent figures suggest that many taxpayers who will soon be affected by the new rules have not yet taken the necessary steps to prepare. According to analysis by the Low Incomes Tax Reform Group...
The UK tax system is moving towards a fully digital future, and MTD Compliance is at the centre of this transformation. HMRC is encouraging taxpayers, landlords, self-employed individuals, and business owners to prepare early by understanding the upcoming requirements and adopting digital systems before compliance becomes mandatory. While some taxpayers may still think there is...
Understanding the New Charity Tax Rules UK The charity tax rules UK are set to change, and while that might sound worrying, there’s no need to panic. These updates are part of ongoing efforts by HMRC to improve transparency, reduce errors, and ensure that tax reliefs are used correctly. For charities and trustees, the key...
Investors across the UK may see a notable increase in their tax liabilities as capital gains tax (CGT) receipts are forecast to grow significantly over the coming years. Government projections suggest that annual CGT revenues could reach around £5 billion by the 2030/31 tax year. This increase is largely linked to stronger equity market performance,...
Rachel Reeves is facing growing pressure to address a tax loophole that benefits foreign online retailers such as Shein and Temu. High street retailers are urging the Government to remove the current rule that allows parcels valued at up to £135 to enter the UK without being subject to tax. Industry representatives argue that this creates an uneven playing...
More than 1.9 million taxpayers are expected to lose part or all of their tax-free Personal Allowance this year as a result of frozen tax thresholds. Approximately 1.18 million individuals will lose their full £12,570 allowance during the 2025/26 tax year, compared with 1.09 million in 2024/25. Under current tax rules, individuals earning above £100,000 gradually lose...
Public support for the windfall tax remains strong in Scotland, according to a poll conducted by Survation. The survey found that 41% of respondents support the windfall tax, while only 19% oppose it. The results show support across several political groups, including voters of the Scottish National Party and the Liberal Democrats. Windfall taxes are typically introduced to capture unexpected profits...
HMRC clarifies its position on AI in tax software HMRC has recently set out its expectations for AI in tax software, signalling a clear message to developers, accountants, and taxpayers alike. As artificial intelligence becomes more common in tax calculations and compliance tools, HMRC wants to ensure these technologies are used responsibly, transparently, and accurately....
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Copyright by CareAccountancy. All rights reserved.
