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 online PAYE service
HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs.
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Time for taxpayers to get ready for Making Tax Digital for Income Tax
Self-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).
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HMRC sends side hustle warning
HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.
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HMRC to fine crypto investors £300 for non-disclosure
UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC.
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Criminal tax offence plan risks going too far, warns CIOT
HMRC plans to introduce a tax avoidance criminal offence risks overreach, the Chartered Institute of Taxation (CIOT) has warned.
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Watch out for Winter Fuel Payment scams
HMRC has issued a warning to be on high alert for scams linked to Winter Fuel Payments after receiving 15,100 reports of bogus activity in June.
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IHT on pensions most unpopular of Labour's tax increases
Inheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey.
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Harsh personal guarantees will chill growth ambitions, warns FSB
Personal guarantees risk holding back the growth the economy needs, the Federation of Small Businesses (FSB) has warned.
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