Under the HMRC’s new digital self-assessment rollout, Making Tax Digital, people will face having to lodge as much as 10 tax returns. Under the HMRC’s new digital self-assessment rollout, Making Tax Digital, people will face having to lodge as much as 10 tax returns.(Image: ) HMRC has a new rule for some UK households who
Nick Latimer, tax partner at Crowe, said: “Every year thousands of people fail to file their tax returns on time. For the 2023-2024 tax year, an estimated 1.1 million people in the UK failed to file their Self-Assessment tax returns by the January 31 2025 deadline.” Nick Latimer Latimer added: “It is important to make
In a new video published on his social media platform, the MoneySavingExpert.com founder highlighted to upcoming self-assessment deadline, which is on January 31 Martin Lewis has issued an urgent self-assessment tax reminder(Image: ITV) Martin Lewis has issued a warning to millions of people due to pay tax this month. In a new video published on
Fleet operators and their drivers face several tax changes in 2026, including a rise in company car tax and an increase in fuel duty. Benefit-in-kind (BIK) tax for company car drivers will increase by one percentage point from April, with fully electric cars attracting a BIK rate of 4% in 2026/27. This will increase the
A range of tax rises will come into force this year that will add to what you owe HM Revenue & Customs (HMRC). While it’s not possible to avoid these tax rises, there are steps you can take which could reduce what you will need to pay. Being prepared for these changes is crucial to
With a budget of £840m, about two thirds of the county council’s spending goes on care for children, older people and vulnerable adults. The authority said the additional £5.5m spend in children’s services would see an extra 119 social workers, reduce caseloads and focus on early intervention. The councillor said he was also focused on
America is being promised something politicians rarely dare to guarantee: more money in your pocket. Not in theory. Not in a 10-year forecast. But real, tangible cash when tax refunds land in 2026. The Trump administration describes it as a ‘feast and a banquet’. Critics, however, warn it’s a sugar rush the country simply cannot
Tax-efficient investment options ISAs (Individual Savings Accounts) ISAs allow UK residents to invest up to a set annual allowance each tax year, with any capital gains or income generated within the ISA generally free from UK tax. Stocks and Shares ISAs are commonly used for long-term investing and can hold a range of assets. Did
This figure shows how many people received a simple assessment tax bill in 2023/24 – here is who could be affected HMRC issues simple assessment tax bills(Image: Getty) More than 1.3million households received an end of year tax bill from HMRC – almost double the number just two years earlier. This figure shows how many
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 145 countries have agreed to exempt US multinationals from paying more corporate taxes overseas, watering down a landmark 2021 deal. The agreement comes six months after G7 economies negotiated a carve-out for US