Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.
HMRC launches new online help for compliance checks
HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.
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Record numbers file assessment in first week of new tax year
Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.
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Tax and accounting bodies back e-invoicing adoption
The UK's professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.
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HMRC cuts late payment interest rate
HMRC will reduce late payment and repayment interest rates from 28 May following the 0.25% cut in the base rate earlier in the month.
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Almost half of sole traders unprepared for MTD changes
Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital (MTD) for Income Tax changes, according to research conducted by IRIS Software.
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New cryptoasset rules aim to protect consumers
The government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.
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One in four employers plan to make redundancies in next quarter
The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2025.
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