NEWS

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

With the Chancellor under pressure to address the UK’s borrowing costs (Government long-term bond yields hitting a record high on 2 September 2025, as reported by The Guardian (2 September), various potential options involving increased taxes have...

HMRC have published new guidance on how to submit an entry notification and accounting period information for a reserved investor fund (RIF). An entry notification can be made by the scheme operator or an agent acting on its behalf by using HMRC’s...

HMRC have issued new guidance on the accuracy and completeness of documents – in particular, self-assessment tax returns – as part of their Guidelines for Compliance series. The new guidelines focus on making sure that: information submitted is...

HMRC’s September 2025 advisory fuel rates update includes, for the first time, separate advisory electric rates for home charging and public charging of electric vehicles (EVs). The advisory rate for home chargers is 8p per mile, and the rate for...

HMRC have published the ‘synthesised’ texts of the UK’s double taxation agreements with China and Latvia, incorporating changes as a result of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and...

The next Budget will be presented to Parliament on Wednesday 26 November 2025, HM Treasury has confirmed. Alongside the formal announcement, the Chancellor has released a YouTube video which appears to commit to the Government’s ‘non-negotiable’...

Previous Exchequer Secretary James Murray is promoted to Chief Secretary to the Treasury, replacing Darren Jones, who has been appointed to a newly created role of Minister of State (Chief Secretary to the Prime Minister) at the Cabinet office –...

2024/25 saw a record 517 cases dealt with under alternative dispute resolution (ADR) – up from 367 cases in the previous tax year – reports law firm BCLP. Of those 517 cases, 43% took longer than HMRC’s four-month target to resolve (222 outstanding...

HMRC have issued new guidance to help employers and agents dispute an employer PAYE charge. The guidance links through to an online service which can be used to get help from HMRC where the employer PAYE bill is wrong, and the business needs help...