Individual Income Tax

Self Assessment customers can spread the cost of their tax bill with HMRC’s Time to Pay service; UK Plans New Council Tax Bands with Charges up to £7,500; New Crypto Tax Rules Introduced in the UK and 47 Other Countries

Facing the silent inflation on their bills, British Christmas shopping has long evolved into a survival strategy game blending data analysis, regional wisdom, and a touch of humour.

With the arrival of the Christmas season, many people may earn extra income through festive crafts, market stalls, or other seasonal side hustles. HMRC has launched a 'Help for Hustles' campaign to help individuals with side income clearly understand their tax responsibilities.

HMRC reports receiving more than 135,000 reports of tax-related fraud; the Bank of England cuts the interest rate to 3.75%; an overview of widespread rail closures and service adjustments in London during the Christmas and New Year period.

To help everyone enjoy the festive season with peace of mind, today we will quickly go through the key points regarding employee benefits during Christmas, allowing you to convey your festive greetings while avoiding unnecessary tax troubles.

For e-commerce sellers, HMRC's audit actions can be particular random, particularly regarding VAT audits. Sometimes, due to misunderstandings or unintentional oversight, you might face an audit even if you have declared on time.

Today, we have summarised the six major red flags that are most likely to trigger an HMRC tax investigation for both business owners and individual taxpayers.

Today, TBA has grown into a leading British financial and tax enterprise and a one-stop cross-border compliance service provider. Its business covers European and American company registration, accounting and taxation, global VAT, European EPR, and GPSR compliance.

Recently, the UK's economic data has sounded the alarm once more. UK retail sales grew by only 1.6% in October 2025. According to the Office for National Statistics (ONS), the unemployment rate rose to 5.0% in the three months to the end of September.

On 26 November 2025, British Chancellor of the Exchequer Reeves announced the highly anticipated Autumn Budget. This Autumn Budget includes several tax measures aimed at businesses and individuals, covering areas such as venture capital, business rates, income tax thresholds, and high-value property taxes.

The UK plans to abolish the tax exemption for low-value parcels by March 2029; the income-tax threshold freeze is pushing millions into higher tax bands, increasing the burden on working households; and net migration has fallen sharply as work and study visa arrivals decline significantly.

The reforms are widely regarded as the most significant overhaul of the system since Brexit, with major implications for visa-sponsoring employers, international students and foreign professionals seeking long-term residence in the UK.

From the 2025 tax year, the Benefit-in-Kind regime will undergo several changes: higher tax rates for electric vehicles, reclassification of certain car models, and the upcoming introduction of the ‘payrolling’ system for real-time taxation of benefits.

Labour will abandon its plan to raise income tax in the upcoming budget; Black Friday spending in the UK may reach £14 billion amid rising scam risks; and ticket-resale platform Viagogo has been hit with a £15 million tax demand.

The 2025 Autumn Budget is scheduled for 26 November, more than a month later than last year. The following are among the most discussed possibilities.

Millions of UK social media users may face £100 tax penalty risks; HMRC is reviewing the suspension of 23,500 child benefit payments; and the Bank of England expects inflation has peaked while maintaining current interest rates.

However, the number of available beds and support services remains far from sufficient to meet the influx. This will push pressure onto local communities and the private rental sector, increasing the likelihood that asylum seekers will be dispersed into houses in multiple occupation (HMOs).

Under current UK law, life insurance payouts are not automatically exempt from Inheritance Tax. Whether they are taxed depends entirely on how the policyholder and beneficiaries are arranged. The key factor is whether the payout forms part of the deceased’s estate.

Whether transferring all your shares or disposing of part of the business assets, the key question you’ll face is: how much tax will you need to pay when selling a business in the UK. This does not only involve Capital Gains Tax (CGT) but also requires careful planning around available reliefs and the compliance of the transaction structure.

More than 1.1 million UK pensioners may soon pay income tax on savings interest; Temu’s EU profit nears $120 million despite having only eight employees, sparking tax controversy; and UK inflation remains unchanged at 3.8% for the third consecutive month.