HMRC notices Articles

Cryptoassets: common tax mistakes to avoid

Cryptoassets can create unexpected tax liabilities. HMRC’s guidance highlights several areas where mistake can be made. Assuming crypto-to-crypto exchanges are tax-free. Exchanging one type of cryptoasset for another can count as a disposal for Capital Gains Tax (CGT) purposes. Forgetting that spending crypto can trigger CGT. Using tokens to buy goods or services may count as disposing of...

New customs system for Northern Ireland trade

Do you move goods between Great Britain and Northern Ireland? If so, you need to prepare for an important change. A new customs system for Northern Ireland trade launches soon through the Trader Support Service (TSS). From 20 October 2026, businesses must submit all goods movements using the new TSS platform. It is therefore vital to act now and avoid disruption.   What is the Trader...

HMRC publishes latest deliberate tax defaulters list

HMRC publishes latest deliberate tax defaulters list HMRC publishes latest deliberate tax defaulters list, naming individuals, businesses and companies. In addition, the list shows the amounts on which penalties are due. It also sets out the exact penalties that HMRC has charged in each case. As a result, the list is a clear reminder of what non-compliance can cost.   Who appears on the...

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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