An insight from the gbac team on all things accounting, finance and more.
With a new online service launched by HMRC, taxpayers who need to pay the High Income Child Benefit Charge (HICBC) can do so in real time, instead of registering for self-assessment.
In a few months, it will become mandatory for sole traders and landlords earning more than £50,000 a year to use Making Tax Digital (MTD) – unless they are eligible for an exemption.
HMRC has been running the Let Property Campaign for over 12 years to make sure landlords who earn income by letting out residential property pay the correct tax in the UK.
After a proposal by the Bank of England to cap stablecoin holdings for individuals at £10,000 or £20,000 received strong criticism, the Bank may be softening this stance.
As announced earlier this year, Companies House will be introducing mandatory identity verification this autumn. This process will be compulsory from 18th November 2025.
HMRC has now withdrawn the VAT652 form, which means companies that have made large errors in their VAT returns must follow updated processes to submit corrections.
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