News
E-invoicing will be fundamental change for VAT-registered businesses
The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT). The…
MTD penalties waived for first year of Income Tax
Self assessment taxpayers due to join Making Tax Digital (MTD) for Income Tax next April will not face penalties if late filing quarterly updates. In the Autumn Budget 2025 documents,…
Salary sacrifice changes will impact over three million employees
The removal of full tax-free salary sacrifice on pensions with a new £2,000 limit will hit over three million employees at 290,000 companies, according to government figures. The change to…
Spring Statement set for 3 March 2026
The Spring Statement has been scheduled for 3 March 2026 by the Chancellor of the Exchequer Rachel Reeves. Ms Reeves has asked the Office for Budget Responsibility to prepare an…
£725 million UK apprenticeship overhaul targets youth unemployment
A £725 million package of skills reforms to the apprenticeship system with the aim of helping to tackle youth unemployment and drive economic growth, has been announced by the UK…
HMRC offers time to help pay self assessment tax bills
HMRC is offering self assessment taxpayers a reminder that help is available to manage their tax bill. The deadline to file and pay any tax owed is 31 January 2026,…
