More than 110,000 unrepresented taxpayers who must register for Making Tax Digital (MTD) from April 2026 have still not done so, according to the Low Incomes Tax Reform Group (LITRG). LITRG’s estimates are based on official HMRC statistics on the…
The headline approved mileage rate has increased to 55p per business mile for the first 10,000 miles, with effect from 6 April 2026. For each business mile over 10,000 miles, the approved mileage rate remains at 25p per business mile. This…
Government plans to extend the rules requiring some taxpayers to declare ‘uncertain’ tax positions risk creating more uncertainty, compliance burdens and tax disputes according to the Chartered Institute of Taxation (CIOT). The uncertain tax treatment regime currently requires large businesses…
More than £11 million in funding has been made available to taxpayers struggling with their tax affairs. The doubling of funding comes as part of HMRC’s Voluntary and Community Sector Grant Funding Scheme. The funds will be available for organisations…
Threequarters of UK workers are not on course to save enough for a ‘moderate’ lifestyle when they retire, according to a report by Pensions UK. The report says a moderate lifestyle will cost £32,700 for one person and £45,400 for…
Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cut the VAT rate for the sector to 10% by UKHospitality. The trade group has launched #VATsTheProblem, a sector-wide campaign asking for…
Small businesses and the self-employed struggling with their finances to receive a helping hand as debt advice services are strengthened, the Treasury has announced. The Treasury is making a £4 million funding boost over three years for business debt advice services…
New company car advisory fuel rates have been published and took effect from 1 June 2026. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only…
One in three new parents are missing out on Child Benefit payments in their baby’s first year, according to HMRC’s figures. The tax authority is urging parents who welcomed a baby this spring to claim now via the HMRC app…
Alan Milburn’s Young People and Work diagnostic report must act as a ‘wakeup call’ for the UK government, warns the British Chambers of Commerce (BCC). The report argues that the UK faces a ‘generational fault line’ in the transition from education…
