NEWS

The House of Commons has rejected the most recent changes proposed by the House of Lords to the National Insurance Contributions (Secondary Class 1 Contributions) Bill. The Lords had originally put forward an array of measures, designed primarily to...

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2025/364, sets out the annually re-rated chargeable amounts of annual tax on enveloped dwellings, for chargeable periods beginning on or after 1 April 2025. The...

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

Although not billed as a major fiscal event, the ChancellorsSpring Statement 2025unveiled several tax announcements with a range of consultations around providing increased tax certainty for business, expanding HMRCs data...

Responding to questions from the BBC’s Laura Kuenssberg on her Sunday morning programme, Rachel Reeves hinted that the UK’s digital service tax (DST) may be included in trade negotiations with the US, particularly given President Trump’s views on the...

HMRC have quadrupled the number of claims for R&D tax relief ‘corrected’ by its Fraud Investigation Service. According to data obtained by Price Bailey released under the Freedom of Information Act, it amended 2,440 claims for R&D corporation tax...

HMRC’s investigations into underpaid CGT have more than tripled in the past year, according to research from UHY Hacker Young. 14,223 investigations into suspected underpayment of CGT were completed by HMRC in the last 12 months, up from 4,564 in the...

The ICAEW has highlighted an important point in HMRC’s Agent Update Issue 129 around suspension of agent accounts without notice, a position reported to the institute by several of its member firms. The HMRC Update notes that agent accounts are often...

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

The ICAEW highlights concerns over Making Tax Digital for income tax self-assessment (MTD for ITSA), ten years after its first announcement and a year before its implementation. On 18 March 2015, George Osborne promised to introduce ‘a revolutionary...