Buybacks, demergers and capital reductions: HMRC proposes an overhaul
Amid all the noise around Tax Update 2026, one consultation has had less attention than it probably deserves.
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The MTD payment promise: Is it about to change?
When Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) was first introduced, HMRC was clear that the new tax recording and reporting regime would not change when…
Making Tax Digital: Tens of thousands still haven’t signed up a month before the first quarterly deadline
The first quarterly deadline for Making Tax Digital (MTD) is coming up on 7 August. However, more than half of the eligible applicants still haven’t signed up.
Impacts of fiscal drag become more apparent after 53 per cent tax surge
Frozen tax thresholds are becoming a growing concern for the British public, after HMRC figures showed tax and National Insurance payments rose by £9.8 billion compared with May 2025.
Bank lending to UK businesses has dropped to the lowest level in 30 years
Weak economic growth and tighter regulations on lenders are to blame for the largest drop in bank lending to UK businesses in 30 years, according to new data. A study…
HMRC raise mileage rates and allowances
Chancellor Rachel Reeves announced an increase in HMRC’s approved mileage rates for cars and vans from April 2026 for the first time since 2011 in a speech to the House…