Accounting

HMRC will raise the general late-payment interest rate to 8% on 24 November 2026, with quarterly Corporation Tax rates changing earlier. See the rates, examples and payment options.

The £100k tax trap is not a new 60% tax band. See how the Personal Allowance taper creates a 60% marginal income-tax rate and, in some cases, 62% with NI.

The second MTD for Income Tax update is due on 7 November 2026. Check the £50,000 threshold, cumulative periods, software and first-year penalties.

Paper 2025/26 Self Assessment returns are due 31 October 2026; online returns and tax are usually due 31 January 2027. Check registration and penalties.

HMRC began issuing P800 and PA302 notices for 2025/26 bank interest in October 2026. Learn the allowances, payment rules and how to challenge errors.

First UK Self Assessment? Learn who must notify HMRC by 5 October 2026, when to reactivate a UTR, filing dates, penalties and records to prepare.

If you are UK tax resident with a bank account, property or investments back home, HMRC may already hold information about them through CRS. We explain what an HMRC nudge letter really means, which foreign income is most often overlooked, what changed on 6 April 2025 under the FIG regime, and what to do before you reply.

If you sell on Etsy, eBay, Airbnb or TikTok Shop, HMRC most likely already has a record of your income - platforms have reported it since January 2024. We explain the £1,000 trading allowance, what Making Tax Digital means for you, and why the rise to £3,000 is not the tax break it is reported to be.

On 23 June 2026 the UK government published Tax Update 2026. Two dates are now fixed - mandatory e-invoicing from 2029 and in-year Self Assessment payments from April 2029 - alongside open consultations on VAT and PAYE Direct Debit and online marketplace VAT liability. Here is what is confirmed, what is not, and how to prepare.

Not every HMRC letter means trouble. We explain the five most common types of HMRC correspondence - nudge letters, compliance checks, tax calculations, penalty notices and notices to file - what each one actually means, and the steps to take before the deadline passes.

Nearly £473,000 in disputed tax to answer one single question: is a marshmallow considered confectionery?

Rising tax burdens in the UK exacerbate fiscal pressures; UK to miss out on £600m a year after allowing US exemption from landmark tax deal; Scottish mansion tax will double council tax for £2m homes

For investors holding residential rental properties, there is a crucial requirement that is easily overlooked but highly likely to trigger penalties: the 60-day Capital Gains Tax reporting rule.

The UK experienced its hottest June on record; HMRC published the names of more than 150 businesses and individuals found to have deliberately evaded taxes; and council tax arrears in England reached a record high.

Recently, the government published a new consultation document planning to introduce stricter information reporting requirements for 'close companies' to strengthen tax oversight, reduce tax loss, and narrow the small and medium-sized enterprise (SME) tax gap.

UK pulls forward plan to close small parcel import tax loophole; VAT and PAYE payments will have to be made by direct debit; Trump threatens 100% tariff on any country that imposes digital services tax

Since the start of the new financial year in April 2026, what should have been a 'reboot' for the economy and public finances has instead evolved into a silent but widespread upward trend in the tax burden.

Reform UK has pledged to raise the VAT registration threshold to £150,000; calls are mounting to double the tax-free allowance for pensioners; and more than 1.5 million people have been drawn into legal proceedings over unpaid Council Tax

While rents across the country continue to rise, changing tax policies and increasing costs have made it harder for landlords to translate high turnover into high profit. Furthermore, the end of fixed-term tenancies and the abolition of 'no-fault evictions' have added layers of complexity to the sector.

HMRC has uncovered a TikTok-based "easy tax refund" scam; company car fuel reimbursement rates have seen their largest increase in nearly a year; and Amazon has officially expanded into the UK's rapid grocery delivery market with same-day fresh food delivery services