With the August 31 income-tax return deadline for many taxpayers ending today, the focus now shifts to a fresh set of tax compliance dates in September. The month has key deadlines for TDS and TCS payments, advance tax and tax audit reports. Missing these dates can result in interest, penalties or compliance complications.
Landlords who moved their rental homes into a limited company could be handed a surprise tax bill following changes to a valuable relief earlier this year. Experts say some may be unaware of the change and subsequently may fall into a “quiet trap.” We take a look at the changes and what landlords need to
By DAVID WILCOCK, DEPUTY POLITICAL EDITOR Published: 12:20, 30 August 2026 | Updated: 12:26, 30 August 2026 Houses with scenic views, conservatories, large garages and other features will be targeted by the mansion tax ‘police’ assessing who should pay a new punitive housing levy, it was claimed today. Inspectors charged with working out which homes
Childcare perks are also completely lost once either parent earns £100,000 or more. Michael Healy, of IG, said: “The £100,000 threshold is becoming increasingly detached from reality. It has been frozen since 2010, a time when Gordon Brown was our prime minister and Gary Neville still played for Manchester United. “Wages and inflation have risen
EXCLUSIVE: Reducing or replacing council tax was the second most popular measure (34%) to ease pressure on household – just behind cutting energy bills (49%), according to a poll 17:02, 27 Aug 2026Updated 17:03, 27 Aug 2026 A majority of voters think council tax is unfair and worry about paying their bills(Image: Getty Images/EyeEm) Nearly
Andy Burnham is “absolutely persuadable” that council tax reform can be outlined in this year’s Budget, Labour MPs believe. MPs in Burnham’s power base in the north of England are putting pressure on the Prime Minister and Chancellor, John Healey, to overhaul a system which they say unfairly penalises working-class people in their constituencies. It
Under current rules, the tax office can apply to take money directly out of the bank accounts of people who owe more than £1,000 – but it could be set to lower this threshold 16:20, 27 Aug 2026Updated 16:39, 27 Aug 2026 HMRC wants to tackle smaller tax debts (Image: coldsnowstorm via Getty Images) HMRC
For the first time, HMRC also released data on the profits of cryptocurrency investors. In 2024-25, 17,600 investors declared £1.38bn of crypto asset gains. But David Conway, of tax firm Crowe, said the total number of crypto investors in the country was likely to be much higher. He added: “Too many people still do not
Submitting false tax information ‘recklessly’ could become a criminal offence under new powers being considered by HMRC. While deliberate tax evasion is already illegal, the proposed rules would extend criminal prosecution to ‘reckless’ false statements on direct taxes. However, HMRC says genuine mistakes won’t be covered by the new offence. Here, Which? explains what the
The maximum amount most councils in England can normally raise bills without a referendum is 5% – but six councils have been granted powers to introduce bigger hikes Thousands of households look set to be hit with bumper council tax rises(Image: Drazen Zigic via Getty Images) Hundreds of thousands of households face bumper council tax