Feb 29, 2024 | Personal Tax
The Public Accounts Committee (PAC) has issued a report criticising the declining service standards at HMRC, marking a trend of deterioration for the fifth year in a row. The PAC highlights long wait times for phone support, an increase in complex tax issues, and a...
Feb 26, 2024 | Government AnnouncementsPersonal Tax
From April 2026, sole traders and landlords face an average setup cost of £350 for the Making Tax Digital for income tax self-assessment (MTD for ITSA) scheme. HMRC projects an annual additional cost of £110 for those earning £30,000 to £50,000 annually. Those with...
Feb 20, 2024 | Current AffairsPersonal Tax
Almost all English councils intend to raise council tax to the maximum allowed without a referendum, as revealed by the County Councils Network (CCN). Of the 136 local authorities in England, 128 have proposed increases of at least 4.99% in April. Some councils facing...
Jan 24, 2024 | Personal Tax
With just one week remaining before the 31 January 2024 self-assessment deadline, prompt action is required for the 3.8 million individuals yet to file their tax returns. Failure to do so may result in a £100 penalty. HMRC anticipates a substantial total volume of...
Jan 22, 2024 | Personal Tax
In a significant move towards digitalising tax affairs, the Government has announced that employers must report and pay income tax and Class 1A National Insurance contributions (NICs) on benefits-in-kind using payroll software from April 2026. This initiative is part...
