Retail investor tax anxiety hits record highs January 13, 2026 Retail investor anxiety surrounding taxes has hit a record high, as Brits work to absorb the impact of Autumn Budget policy changes. Nearly 50 per cent of UK investors said they were concerned about the impact of taxes and government policies on the performance of their portfolios for the coming year in December, up from [...]
HENRYs set for further Budget blow as more dragged into £100K tax trap January 13, 2026 Thousands more UK workers are set to be pulled into the £100,000 tax trap as high earners brace for a further financial squeeze. The number of Brits earning six-figure salaries is set to surpass two million for the first time according to estimates from HMRC obtained by Rathbones, leaving more high earners to face the [...]
The tax return deadline is looming. Here’s how to avoid fines January 12, 2026 Many of us are guilty of putting our personal finance admin on the back burner, opting to leave paying our bills, planning the monthly budget and checking insurance policies until the last minute. But with the deadline of the 31st inching ever closer, leaving your self-assessment tax return until the final days of January, leaves [...]
Businesses are suffering financial losses from faulty AI advice January 6, 2026 Half of UK accountants and bookkeepers have said businesses have suffered financial losses due to AI slop that has caused ‘avoidable mistakes’ in the books. New research by Dext found that nearly a third (31 per cent) of accountants and bookkeepers encounter client mistakes on a weekly basis, caused by wrong or misleading AI-generated financial [...]
Fiscal drag to push thousands of families into child benefit tax charge January 6, 2026 The Chancellor’s decision to freeze tax thresholds will leave thousands of families forced to pay High Income Child Benefit Charge, eroding the value of government support. According to official HMRC forecasts, uncovered in a freedom of information request by Quilter, fiscal drag will force 35,000 more families into paying the charge, jumping from 324,000 in [...]
Tax crackdown in 2026: Why experts predict a wave of enforcement actions December 30, 2025 Under the Labour government, HMRC has shifted from a reactive to a highly proactive stance, and tax experts expect increased tax enforcement in the new year. The government has committed to invest an additional £555m annually in HMRC to boost tax compliance and transform its technology. The investment aims to raise an extra £5.1bn in [...]
Decluttering after Christmas? Tax expert clarifies rules for selling unwanted gifts on eBay and Vinted December 23, 2025 Not everyone is thrilled with their Christmas haul, after all, there are only so many novelty socks, scented candles, and mystery kitchen gadgets one household can handle before space starts to run out. Usually, as a result, apps like Vinted see a surge in activity around Christmas, with sellers hoping to offload unwanted gifts. [...]
HSBC chair poured cash into failed tax avoidance investment scheme December 18, 2025 The new chair of HSBC lost money in a tax-avoiding investment scheme that ultimately collapsed, City AM can reveal. Brendon Nelson became a partner and investor in a biofuel exploration business called Future Fuels, itself part of a wider scheme called Elysian Fuels which was operated by Future Capital Partners. The unregulated investment scheme was [...]
Rugby league woes as Oldham RLFC faces winding-up by HMRC December 17, 2025 Oldham RLFC, a club in rugby league’s Championship, was hit with formal legal action by the British tax authority this week, City AM can reveal. In the High Court system, HMRC filed a winding-up petition against Oldham Rugby League Football Club 1876 (Oldham RLFC) on Tuesday. A winding-up petition is a formal notice by a [...]
Fowl play: Morrisons loses £17m VAT battle over rotisserie chickens December 16, 2025 Supermarket giant Morrisons faces a £17m tax bill after the First-Tier Tax Tribunal threw out its dispute over VAT on cool-down rotisserie chickens. The dispute arose from George Osborne’s controversial 2012 Finance Act changes that sought to clarify the VAT treatment of hot takeaway food, famously known as the “pasty tax” debacle. Morrisons tried to [...]