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July 3, 2026

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Tax News June 2026

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...

by Admin

July 2, 2026

Blog Making Tax Digital UK Tax Updates

Making Tax Digital: Why Many Taxpayers Still Need to Prepare for the New HMRC Rules

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...

by Admin

June 24, 2026

Blog Business Accounting Employment Taxes Payroll

Mandatory Payrolling of Benefits: Understanding the New Timeline for UK Employers

The government’s plans for payrolling benefits have been revised once again, giving employers more time to prepare for one of the most significant payroll reporting changes in recent years. The updated approach follows feedback from businesses, payroll professionals, software developers and industry bodies who raised concerns about the original implementation timetable. For many employers, this...

by Admin

May 20, 2026

Blog Business Accounting Business News Tax Updates

MTD Compliance: Why UK Businesses Should Prepare Early

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...

by Admin

March 16, 2026

Capital Gain Tax Tax Updates UK Tax Law

Investors Could Face £5bn Rise in Capital Gains Tax

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,...

by Admin

March 16, 2026

News Personal Tax Tax Updates UK Tax

1.9m face personal allowance hit

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...

by Admin

February 16, 2026

Blog Digital Accounting Tax Updates UK Tax

HMRC Sets Expectations for AI in Tax Software

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....

by Admin

January 5, 2026

HMRC News News Tax Advisory

HMRC unlikely to pursue casual sellers of unwanted gifts

With many people selling unwanted Christmas gifts online, questions have arisen about whether HMRC will step in. Tax specialists have clarified that individuals selling personal items occasionally are not the target of HMRC’s compliance activity. The focus remains on those trading regularly as part of the hidden economy. In most cases, selling personal possessions is...

by Admin

December 16, 2025

Capital Gain Tax HMRC News News

HMRC issues side hustle tax warning

As Christmas approaches, HMRC has advised those earning extra income through side hustles that they should be aware of their tax obligations. The tax office has reminded earners to declare income exceeding £1,000 per tax year to avoid penalties. While selling personal items typically does not require reporting, significant sales may incur capital gains tax....

by Admin

December 16, 2025

HMRC Compliance HMRC News News

Chancellor vows to tackle Budget leaks

Rachel Reeves has expressed frustration over a series of unauthorised leaks prior to the Budget. During a Treasury Select Committee session, the Chancellor said these leaks were “very damaging,” adding that reports which misrepresented her Budget strategy were “unacceptable.” Ms Reeves, who has vowed to prevent future occurrences, has emphasised the need for a review...

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HMRC

Tax News June 2026

Making Tax Digital: Why Many Taxpayers Still Need to Prepare for the New HMRC Rules

Mandatory Payrolling of Benefits: Understanding the New Timeline for UK Employers

MTD Compliance: Why UK Businesses Should Prepare Early

Investors Could Face £5bn Rise in Capital Gains Tax

1.9m face personal allowance hit

HMRC Sets Expectations for AI in Tax Software

HMRC unlikely to pursue casual sellers of unwanted gifts

HMRC issues side hustle tax warning

Chancellor vows to tackle Budget leaks

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