Companies could be prosecutedand face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence. The offence will hold large organisations to account if they profit from fraud. It forms part of…
Lowering the threshold for VAT registration would breach Labour’s manifesto, IPSE, the Self-Employed Association has warned. IPSE says that the government is in a bind both politically and economically. Having ruled out tax rises on ‘working people’ and hiking employer…
New company car advisory fuel rates have been published and took effect from 1 September 2025. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only…
HMRC has split fuel advisory rates for electric cars depending on where drivers charge their company cars due to the price discrepancy between home and public chargers. From 1 September 2025, the single rate for fully electric cars will be…
The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced. The Office for Budget Responsibility’s latest outlook for the economy and public finances will be released on the same day. The…
HMRC has published the latest issue of the Employer Bulletin. The August issue has information on various topics, including: P11D and P11D(b) for tax year 2024/25 PAYE Settlement Agreement - calculations and payment employers PAYE disputed charges Spotlight 69 —…
HMRC is calling on self assessment taxpayers to remain vigilant to scams that claim to be from the department after receiving 170,000 reports of incidents. The tax authority says that scammers often impersonate HMRC, offering fake refunds or demanding urgent…
HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force. The first phase of MTD for Income Tax will begin…
HMRC will reduce late payment and repayment interest rates from 27 August following the 0.25% cut in the base rate earlier in the month. The Bank of England cut the base rate to 4% on 7 August, triggering a 0.25%…
HMRC will run a digital campaign to ensure that self assessment taxpayers do not claim tax relief for personal expenditure on 2025/25 tax returns, according to the Institute of Chartered Accountants in England and Wales (ICAEW). HMRC has told the…
