News
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The December issue has information on various topics, including: Changes take effect 6 April 2026 – prepare for new PAYE…
Chancellor raises £26 billion in Autumn Budget
Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget. The increases will be achieved through a range of measures, including…
Christmas crafters urged to check tax rules
HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings. As the festive season approaches,…
CIOT calls for implementation of IHT transitional gifting rule
The Chartered Institute of Taxation (CIOT) has urged the government to implement a transitional rule to allow older farmers and other business owners to gift assets to the younger generation…
Self-employed overcounted for decades by official data
Official statistics have overstated the size of the UK’s self-employed population for two decades, according to the Institute for Fiscal Studies (IFS). The share of national income flowing to those…
Bank deposit protection limit to be increased to £120,000
UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail from 1 December, the Prudential Regulation Authority…
