General Articles

HMRC reveals £42.8 billion outstanding tax debt

HMRC has revealed that it had £42.8 billion in outstanding tax debt at the end of March 2025, equivalent to 5% of total tax receipts. The figures appear in its corporate report, The HMRC tax debt strategy – update. The report also highlighted progress in recovering unpaid tax, with HMRC resolving £48.7 billion of tax debt in the first two quarters of 2025-26, compared with...

Could your area introduce a tourist tax?

Could your area introduce a tourist tax? Mayors and local leaders in England will soon gain new powers. They will be able to introduce an overnight visitor levy on short-term accommodation. So, could your area introduce a tourist tax? Increasingly, the answer may be yes.   What the Government announced The Government confirmed the plans on 10 September 2026. The announcement followed a...

HMRC targets persistent tax debts

What HMRC has proposed HMRC is reviewing new powers to recover lower-value, persistent tax debts. Increasingly, HMRC targets persistent tax debts owed by individuals and businesses who repeatedly ignore collection efforts. The proposals appeared in a public consultation earlier this year. Under them, HMRC could recover debts through affordable monthly instalments. Crucially, those instalments...

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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