HMRC has clarified how employers can handle benefits in kind for globally mobile employees as mandatory payrolling is introduced from April 2027.
Under the new rules, most benefits in kind will have to be reported through payroll rather than on annual P11D forms. The first phase, starting
Benefit payrolling rules clarified for overseas employees Read More »
Businesses importing certain carbon-intensive goods into the UK will face a new carbon tax from 1 January 2027, when the Carbon Border Adjustment Mechanism (CBAM) comes into effect.
CBAM will apply to specified goods imported from outside the UK in the aluminium, cement, fertiliser,
UK carbon border tax starts January 2027 Read More »
HMRC is contacting some trustees after identifying possible errors in recent Trust and Estate tax returns relating to the type of trust being reported.
The latest HMRC compliance campaign focuses on trusts where box 8.15 of the Trust and Estate Tax Return was ticked to indicate that the
HMRC contacting trusts over tax return errors Read More »
A new press release from HMRC is highlighting the fact that almost 7 million UK adults could be heading towards retirement without knowing how much State Pension they may be entitled to. New research has found that around one in eight adults (12.5%) have never checked their State Pension
Check your State Pension forecast now Read More »
Mayors and local leaders in England are to be given powers to introduce an overnight visitor levy, creating a new charge for people staying in short-term visitor accommodation.
The government announced the plans on 10 September 2026 following a consultation which closed on 18 February
Could your area introduce a tourist tax? Read More »
Some taxpayers have already started to receive Simple Assessment letters from HMRC for the 2025-26 tax year, with a further tranche due to be sent between October and December 2026.
Simple Assessment is used where HMRC cannot collect income tax through PAYE or self-assessment. The PA302
HMRC sending 1.8m Simple Assessment letters Read More »
Cyber security is sometimes treated as a problem for large organisations with specialist IT departments. In reality, smaller businesses can be particularly vulnerable because they often have fewer resources available to detect an attack and recover afterwards.
The Government continues to
Is your business ready for a cyber incident? Read More »
Businesses waiting for cheaper borrowing may need to reconsider their plans.
The Bank of England kept Bank Rate unchanged at 3.75% in September, but three members of the Monetary Policy Committee voted for an immediate increase to 4%.
The concern is inflation. UK inflation has moved
Interest rates may not be coming down soon Read More »
When a couple divorces or separates, they need to agree how their finances will be divided. This can include property, pensions, savings, investments and maintenance payments. Where possible, reaching an agreement without going to court can be quicker and less expensive. In England and
Money and property after divorce Read More »
Pensioners who do not want to receive the Winter Fuel Payment for winter 2026-27 have until September to opt out. The payment will be recovered through the tax system from those whose total income exceeds £35,000.
In England and Wales, pensioners who receive a State Pension can opt out
Winter Fuel Payment opt-out deadline approaches Read More »
