Artificial intelligence will make income tax redundant within five years, according to the founder of digital bank Monzo. Former chief executive Tom Blomfield warned that advances in AI could trigger a major jobs crisis, with automation increasingly replacing roles across a wide range of industries. Speaking on an episode of The Rest is Money podcast,
Starbucks’ UK retail business received a £13.7m corporation tax credit last year, despite growing sales by 6 per cent and adding more than 90 stores. Accounts filed at Companies House show the coffee chain’s UK retail arm increased sales to £556.3m in the 12 months to the end of September, helped by price rises, loyalty
The next phase of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) came into effect in April 2026, marking a significant shift in how businesses and landlords across the UK are required to record and report their income. Lucy Welch, Executive at Bevan Buckland, together with members of the firm’s specialist tax team, explains
A HM Revenue and Customs (HMRC) spokesperson said: “We neither confirm nor deny investigations and we cannot comment on identifiable individuals.” Tice’s company, Quidnet REIT Limited, invests in property. The Sunday Times reported that it “did not pay a required 20 per cent levy on [its] dividends … before channelling profits to Tice and his
Richard Tice’s company has been accused of breaking the law by allegedly failing to pay tens of thousands of pounds in tax on dividends that were paid to him and his offshore trust. Reform UK’s multimillionaire deputy leader is alleged to have received at least £91,000 in excess payments as a result, the Sunday Times
You can check that your details with HMRC are correct in several ways Millions of people are thought to be paying the wrong amount of tax(Image: Getty) Taxpayers are being urged to review their records as countless people have incorrect information registered with HMRC. Consumer website MoneySavingExpert (MSE), founded by Martin Lewis, has warned that
The group also issued some guidance about extra security checks 15:59, 11 Apr 2026Updated 16:00, 11 Apr 2026 HMRC has issued an update about the security checks it carries out(Image: Getty) HMRC has issued an update on tax repayments being sent to customers. The group also shared an update on the extra security checks it
HMRC publishes details every three months of people and businesses given financial penalties for failing to comply with tax obligations or deliberately filing errors in tax returns. Details are only released when a person or business has made at least one deliberate default on more than £25,000. The latest update names around 140 individuals and
Starbucks’s UK retail arm received a £13.7m corporation tax credit last year, even as its sales increased 6% and it added more than 90 stores. The credit, which can be used to offset future tax bills, comes after losses widened to £41.3m in the 12 months to the end of September – almost matching the
You may want to check to see what your tax situation is HMRC has issued an update about tax refunds(Image: Getty) HMRC has released an update on tax refunds being sent out to certain taxpayers. There is a key date you may want to note in your diary. The matter was brought to prominence after