HMRC clarifies BiK reporting requirements

HMRC has outlined changes to the reporting of benefits-in-kind (BiKs) expenses through payroll software, set to take effect from April 2026. Under the phased introduction, employers must report BiKs in real time via payroll software, except for employment-related...

Tougher penalties and ID checks for UK directors

Companies House is set to introduce significant changes to its enforcement and registration processes. These changes form part of the Economic Crime and Corporate Transparency Act 2023, which aims to crack down on fraud, money laundering, and abuse of the company...

HMRC chases directors for unpaid taxes

Companies shutting down while still owing significant sums to HMRC are contributing to the UK’s growing tax gap, which reached nearly £40 billion in the 2022/23 tax year. HMRC has intensified efforts to hold directors and senior management accountable for unpaid...