HMRC’s large business directorate has doubled the amount of tax revenue it collects, according to the National Audit Office (NAO). A hands-on approach to tax compliance for large businesses yielded £15.8 billion during 2024/25. That is double what the unit collected in 2021/22. The large business directorate has a return on investment of £95 for… Read more…

HMRC has taken in over £137 million from late payment interest so far for 2023/24, a freedom of information request from investment platform AJ Bell shows.  The tax authority has charged 1.3 million taxpayers late payment interest for the last tax year with the average interest payment standing at just over £100. The figures only… Read more…

Almost 400 employers from across the UK have been named for failing to pay the minimum wage to tens of thousands of workers, says the government. Around 60,000 workers were found to have been underpaid, collectively missing out on £7.3 million in pay. The findings come alongside enforcement action against businesses failing to pay their… Read more…

Renters, flat owners, homeowners without driveways and businesses will be able to save up to £500 when installing electric vehicle (EV) charge points, the government has announced. The 40% uplift in the chargepoint grant will cover almost half the cost of a typical charge point installation until March 2027, says the government. It says this… Read more…

The government has unveiled a youth employment drive that aims to create 200,000 jobs for young people and reform apprenticeships. It comes as apprenticeship starts amongst young people are down 40% in the last decade and almost one million young people are not earning or learning. There is also a new Youth Jobs Grant, through… Read more…

The start of the new tax year on 6 April 2026 brings contentious changes with it, warns the Chartered Institute of Taxation (CIOT). The most controversial change is the taxation of dividends and employee benefits as well as the introduction of Inheritance Tax (IHT) on family businesses and farms. The government’s Making Tax Digital for… Read more…

HMRC has launched a new ‘Tax Confident’ website which it says will help people fill their tax knowledge gaps. The tax authority says the site is designed around real-life situations, helping people to find information that is relevant to their circumstances. These include ‘tax in retirement’, ‘small businesses’ and ‘working life’. The website also features… Read more…

Chancellor Rachel Reeves insisted she has the ‘right economic plan’ for the UK in her Spring Forecast Statement announcement. Ms Reeves acknowledged the economic uncertainty caused by war in the Middle East and pledged to chart a course through the turbulence. The Chancellor’s speech focused on economic growth, the cost of living and public borrowing.… Read more…

An estimated one million taxpayers missed the self assessment deadline for the 2024/25 tax year, according to HMRC. Over 11.48 million taxpayers filed their self assessment tax returns before midnight on 31 January. However, more than 12 million self assessment taxpayers were expected to file a tax return and pay any tax owed by the… Read more…

The number of people using the HMRC app to pay their self assessment tax bill has increased by 65% this tax year, according to the tax authority. Almost 340,000 people have used the HMRC app to pay their self assessment tax since 6 April 2025, an increase of 132,788 people compared to the same period… Read more…