HMRC Restarts Direct Recovery of Debts
Date posted: 1st Oct 2025
HMRC has announced that it is restarting the use of its Direct Recovery of Debts (DRD) powers, which allow the tax authority to recover unpaid tax directly from individuals’ bank…
Date posted: 1st Oct 2025
HMRC has announced that it is restarting the use of its Direct Recovery of Debts (DRD) powers, which allow the tax authority to recover unpaid tax directly from individuals’ bank…
Date posted: 1st Oct 2025
Advisory fuel rates are used when either: The employer needs to reimburse employee for costs the employee has incurred for business travel in their company cars. For the…
Date posted: 1st Oct 2025
HMRC is reminding property sellers about the vital 60-day reporting requirement for Capital Gains Tax (CGT) on UK residential property. If a UK resident sells UK land or…
Date posted: 1st Oct 2025
From 1 September 2025, HMRC has introduced new evidence requirements for non-self-assessment taxpayers claiming pension tax relief. All claims must now be made either online or by letter,…
Date posted: 4th Sep 2025
It is understood that after a successful campaign that raised over £27m in tax, HMRC will begin to widen their efforts to ensure that sole traders and partnerships…
Date posted: 4th Sep 2025
Personal and family companies often make loans to directors. However, there can be tax and National Insurance implications of doing so. Where the loan remains outstanding nine months…
Date posted: 4th Sep 2025
From 6 April 2025, furnished holiday lets (FHLs) are treated in the same way as other lets for tax purposes. Landlords letting both holiday accommodation and other properties…
Date posted: 4th Sep 2025
From 30 October 2024, the main rates of Capital Gains Tax (CGT) on disposals of assets (other than residential property and carried interest) increased: For basic rate taxpayers:…
Date posted: 3rd Sep 2025
Earlier this year, the Government reversed their original announcement that WFP would only be available to pensioners on certain benefits and confirmed that WFP will be made to…
Date posted: 3rd Sep 2025
Starting 6 April 2025, directors of close companies across the UK must provide significantly more detail on dividend income within their Self‑Assessment tax returns. These updates from HM…
