Making Tax Digital for Income Tax will extend to sole traders and landlords earning more than £30,000 from 6 April 2027.Customers who sign up early have more time to choose compatible software and prepare in their own time.
There are just six months to go until sole traders and landlords with a turnover of more than £30,000 will be required to use Making Tax Digital (MTD) for Income Tax.
HM
A new excise duty on vaping products has come into force in the UK today (1 October 2026) to reduce the affordability and appeal of vaping, especially to young people and non-smokers.
A British businessman has been jailed for 16 years after brokering illegal deals involving fighter jets and weapons destined for war zones including Sudan, South Sudan and Libya. David Greenhalgh, 68, of Croydon, south London, helped broker the supply of ex-Soviet jets, surface-to-air missile systems, anti-tank missiles, thousands of assault rifles and other controlled goods between 2009 & 2016.
Almost 3 million accounts held by 18 to 24 year-olds have either been claimed or transferred into an Individual Savings Account, HM Revenue and Customs (HMRC) reveals as it encourages the thousands who don’t know where their savings are to find them today.
Businesses registered for the Trader Support Service (TSS) need to prepare to move to the new platform before 20 October to ensure they can continue moving goods between Great Britain and Northern Ireland.
With more than £300 million having been paid out in bonus payments, and thousands more people set to be eligible for an account through the Help to Save scheme, HM Revenue and Customs (HMRC) is kicking off UK Savings Week by reminding people who can benefit.
Almost 7 million adults could be missing out on information to help prepare them for their retirement.
HM Revenue and Customs (HMRC) has launched an improved registration service making it easier than ever to register for Self Assessment.
Thousands of people and employers with outstanding Loan Charge liabilities are being invited to take advantage of a new settlement scheme that could reduce their bills by up to £70,000. It will see most customers’ bills reduced, with around a third able to settle without paying anything at all. HM Revenue and Customs (HMRC) is writing to eligible customers.
More than 56% of people say they weren’t prepared for life’s financial milestones with one in four admitting they lack basic knowledge about money matters but are too embarrassed to ask, according to new research.
With Vaping Products Duty and the Vaping Duty Stamps Scheme starting on 1 October 2026, HM Revenue and Customs (HMRC) is reminding businesses across the vaping supply chain, including retailers and wholesalers, to prepare for the changes. The new excise duty of £2.20 per 10ml on vaping products, whether they contain nicotine or not, will come into force alongside tobacco duty increases.
240 people reported more than £1 million in capital gains from cryptoassets in the 2024 to 2025 tax year official statistics show, accounting for £717 million of cryptoasset gains between them. Total taxable capital gains from cryptoassets for 17,600 individuals were £1.38 billion in the 2024 to 2025 tax year, with an average gain of £78,000 reported per individual. Following the
Phase two of the new online registration requirement for tax advisers rolls out. Advisers with Self Assessment or Corporation Tax accounts, but without an agent services account (ASA), now need to register. Mandatory tax adviser registration requirements will protect customers and raise standards in tax advice. Advisers who solely provide professional payroll services do not need to registe
Parents of 16 to 19-year-olds starting further education or approved training courses must extend their Child Benefit claim by 31 August or payments will stop automatically. GCSE results day on 20 August is a key moment for teenagers to decide their next steps. Parents can extend their claim in minutes using the HMRC app or GOV.UK.
Parents of 16 to 19-year-olds have
Chancellor John Healey is urging people to report tax fraud as HM Revenue and Customs (HMRC) ramps up its work to tackle illegal activity on the high street. The improved Report Tax Fraud service on GOV.UK makes it easier than ever to ‘shop' high street businesses they suspect are involved in fraud, from vape shops to barber shops.
More than 430,000 sole traders and landlords successfully sent their first Making Tax Digital (MTD) for Income Tax quarterly update for the 7 August deadline. Almost 565,000 customers have now signed up to the service.
Working families urged to sign up for Tax-Free Childcare on Playday to help pay for holiday clubs, after-school clubs, nurseries and childmindersLatest statistics show families save almost £100 a month with Tax-Free ChildcareNumber of families using Tax-Free Childcare for children aged 8 and above increased by 20%
Working families are being encouraged to check if they could cut the cost of chil
Airbus Operations Limited (AOL) has paid more than £6.4 million to HM Revenue and Customs (HMRC) after admitting multiple breaches of Strategic Export Controls. The payment represents the highest compound settlement ever reached by HMRC for strategic export offences. AOL announced details of the settlement in its quarterly earning notes.
HM Revenue and Customs (HMRC) is encouraging people who receive a Simple Assessment letter this summer to not ignore it, and to check the details and pay any tax owed.
More than 864,000 sole traders and landlords signed up to Making Tax Digital (MTD) for Income Tax have just two weeks left before the deadline to submit their first quarterly update.
