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With the annualised rate for daily penalties increasing by 250% alongside the late payment interest rate rising, it’s more expensive than ever to be late when paying VAT.

Employed taxpayers who are liable for the High Income Child Benefit Charge (HICBC) will no longer need to submit a self-assessment tax return from summer 2025 onwards.

Landlords and self-employed people earning between £20,000 and £30,000 a year will now be required to switch to the Making Tax Digital (MTD) regime from 6th April 2028.

While the originally planned Spring Forecast was upgraded to a Spring Statement, there were no tax increases announced on Wednesday 26th March – but is this simply a deferred burden?

In an instance of surprising generosity, HMRC compensates smaller employers to make it easier for them to administer statutory payments to their employees.

HMRC has launched a new campaign to remind people that earning extra income from a ‘side hustle’ – a smaller income source outside of your primary job – also comes with tax obligations.