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Weekly News
We will update tax news weekly, bringing you the latest tax and accounting insights from the UK and around the world.
UK Drops Mandatory Digital ID Plan! Self Assessment Tax Deadline Approaches! China’s Trade Surplus Tops $1 Trillion for the First Time
The UK has abandoned plans to make digital identity mandatory; China’s annual trade surplus has exceeded $1 trillion for the first time; and nearly 340,000 people have paid their Self Assessment tax bills via the HMRC app
TBA
5 days ago5 min read
Over 300,000 Hit With “Trivial” Tax Demands! Pension Rule Changes Spark Savings Fears as Energy Bills Rise This Winter
HMRC hits 300,000 taxpayers with ‘trivial’ bills
TBA
Jan 125 min read
Online Tax Filing Deadline This Month: Time to Pay Instalments Available; Council Tax Could Rise to £7,500; Global Crypto Tax Rules Take Effect
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
TBA
Jan 46 min read
UK Boxing Day Sees £3.8 Billion Spending Surge! Self-Driving Taxi “Apollo Go” to Launch in the UK! Spring Budget Date Announced
Boxing Day promotions in the UK are regaining momentum and are expected to generate £3.8 billion in sales for retailers; Uber and Lyft have announced plans to pilot Chinese autonomous taxis in the UK in 2026; UK Chancellor of the Exchequer Rachel Reeves has announced the date of the Spring Budget.
TBA
Dec 29, 20255 min read
Beware of UK Tax Refund Scams! Overview of London Rail Service Changes During Christmas and New Year; Interest Rate Cut to 3.75% to Boost the Economy
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.
TBA
Dec 22, 20255 min read
HMRC to Recover Taxes from 14,000 Households! London Underground Fares to Rise by 5.8% Next Year! UK Economy Shrinks Again
HMRC is seeking to recover taxes from 14,000 households amid a dispute over the “seven-year gift rule”; fares across the London Underground network are set to increase by 5.8% in 2026; and the UK economy unexpectedly contracted by 0.1% in October.
TBA
Dec 15, 20256 min read
UK House Prices Keep Rising! US and UK agree zero tariffs deal on pharmaceuticals; Flu Season Arrives—Watch Out for New Virus
‘Mansion tax’ will have limited impact on property market, UK house prices still rise; Number of flu patients in hospital beds rises by more than 50%; US and UK agree zero tariffs deal on pharmaceuticals for three years.
TBA
Dec 8, 20255 min read
The UK to Scrap Low-Value Parcel Tax Exemptions! Income-Tax Freeze Increases Pressure on Workers! Sharp Drop in Net Migration Driven by Falling Work and Study Arrivals!
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.
TBA
Dec 1, 20255 min read
UK Confirms 10-Year Settlement Rule! Unveils “Europe’s Strictest” New Immigration System Draft! Rail Fares Frozen for the First Time in 30 Years! Inflation Falls to a Four-Month Low
Biggest overhaul of legal migration model in 50 years announced; Rail fares to be frozen for first time in 30 years; UK inflation rate hits lowest level in four months
TBA
Nov 23, 20255 min read
Labour’s Emergency U-Turn: Income Tax Rise Dropped from Budget! Black Friday Spending Could Hit £14 Billion! Viagogo Hit with Multi-Million Pound Tax Bill
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.
TBA
Nov 17, 20255 min read
Millions of UK Social Media Users Could Face £100 Fines! HMRC Reviews Child Benefit Suspensions; Bank of England Keeps Interest Rates Unchanged
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.
TBA
Nov 10, 20255 min read
AI Shockwave: U.S. Layoffs May Exceed One Million This Year! UK Pension Age Could Rise to 70? 40% of Small Businesses Owe Unpaid Taxes
Amazon announces 15,000 layoffs as the AI revolution hits middle management; the number of centenarians reaches a record high, and the State Pension age in the UK may rise above 70; meanwhile, 40% of small businesses have failed to pay taxes owed to HMRC.
TBA
Nov 3, 20256 min read
Retirement Savings Tax to Hit Over a Million People! Temu Earns $120 Million with Just 8 Staff; UK Inflation Holds Steady at 3.8% for Third Month
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.
TBA
Oct 26, 20255 min read
EU Implements New Border Rules: Passport Stamps Scrapped, UK Unveils Homebuyer Tax Rebate, Mobile Payments Hit New Record
Conservatives pledge £5,000 tax rebate for young home buyers; The EU’s new border rolls out, will replace passport stamping at border control; Brits opt for mobile phone payments as cash usage declines.
TBA
Oct 13, 20255 min read
UK Young Adults Aged 18–23 Could Claim Thousands of Pounds! Prime Minister Cracks Down on Immigration and Pushes Education Reforms! Packaging Tax May Push Food Inflation Up by Another 0.5%!
HMRC Urges 758,000 Young People to Claim Unused Child Trust Funds; Prime Minister’s Labour Conference Focuses on Immigration Policy and Education Reform; Packaging Tax Increases Cost Pressures, UK Food Inflation May Rise by Another 0.5%
TBA
Oct 7, 20255 min read
UK to Introduce Digital ID! HMRC Restarts Mandatory Debt Recovery! PM Starmer Caught in Land Trust Tax Avoidance Row
HMRC to resume taking tax owed by debtors directly from their bank accounts; The government has announced plans to introduce a digital ID system across the UK; Starmer denies putting seven-acre field in trust to avoid inheritance tax
TBA
Sep 29, 20255 min read
State pension likely to rise by 4.7% in April! Temu’s UK operation doubles revenues and pre-tax profit! Reeves plots ‘taxi tax’ as borrowing costs soar
State pension likely to rise by 4.7% in April! Temu’s UK operation doubles revenues and pre-tax profit! Reeves plots ‘taxi tax’ as borrowing costs soar
TBA
Sep 22, 20255 min read
HMRC raises small business ‘phoenixing’ tax loss to £836mn!150,000 people join 'Unite the Kingdom' march in London! UK economy saw zero growth in July
HMRC raises small business ‘phoenixing’ tax loss to £836mn！150,000 people join 'Unite the Kingdom' march in London! UK economy saw zero growth in July
TBA
Sep 15, 20254 min read
UK Deputy Prime Minister Resigns Over Underpaid Property Tax! Rents Soar to Record Highs! Fast-Fashion Giant Shein Caught in Tax Controversy!
UK Deputy Prime Minister admits to underpaying property tax and steps down; UK rents hit a record high with the cheapest regions revealed; Shein faces a UK tax storm as billions in revenue “flow” to Singapore.
TBA
Sep 8, 20255 min read
Number of countries suspending parcel shipments to the US grows to 25!More than £8bn wiped off British banks over Reeves tax raid fears! Electric cars eligible for £3,750 discount announced
Number of countries suspending parcel shipments to the US grows to 25! More than £8bn wiped off British banks over Reeves tax raid fears! Electric cars eligible for £3,750 discount announced
TBA
Sep 1, 20254 min read
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