HMRC has been overtaxing pensioners for a decade- have you been affected? Personal Finance Two weeks ago it was revealed that HMRC has been overcharging millions of pensioners on their tax bill for at least a decade. The taxman had knowingly overcharged taxpayers in receipt of their state pension because of an error in how their income was calculated each year, increasing the bills of up to 8.7m pensioners [...]
LLPs remain under watchful eye – especially from the taxman Legal Despite dodging Budget day taxes, the UK’s limited liability partnership (LLP) model is still facing intense scrutiny, this time from HMRC, which just had a good result from the top court this week, writes Maria Ward-Brennan. The LLP model, used by professional services such as law firms and accountancy firms, came into force 25 years [...]
HMRC secures £190m VAT appeal win against Bolt Tax HMRC has won an appeal against ride hailing platform Bolt over how it calculates and pays its VAT, overturning previous decisions that had ruled in favour of Bolt. This follows an appeal hearing last month brought by the tax authority, which had questioned whether Bolt could use the tour operators’ margin scheme (TOMS). Under this [...]
Inheritance tax enquiries surge to six-year high after HMRC clampdown June 17, 2026 Tax authority probes into households’ inheritance tax returns have surged to a six-year high, after a government-led crackdown on avoidance and non-compliance. HMRC opened a total of 4,940 formal inheritance tax enquiries over the last financial year, according to new data obtained by chartered accountants Price Bailey, an 18 per cent increase on the previous [...]
Two-tier taxes are not the way to get Britain back to work June 16, 2026 Reform’s plan to cut employer National Insurance for Brits but not immigrants is not the way to fix unemployment. Lower jobs taxes for everyone would be better, says Joanna Marchong Reform’s pitch has been consistent from the start. Brits first. Patriotism is a universal solvent for problems that are, on inspection, structural rather than national. [...]
Forget Palantir, Microsoft is the government’s real tech problem June 11, 2026 MPs are right to warn about the dangers of the public sector’s use of Palantir, but the bigger story is the vice-like grip Microsoft exerts of government IT systems, says Bill McCluggage Palantir, the Peter Thiel-founded data analytics firm with its murky intelligence community roots, makes for an irresistible villain. So it’s no surprise that [...]
For all their charm, digital banks still leave me tearing my hair out June 10, 2026 I admire London’s digital banks. But three events in the past month have made me realise I’m not parting ways with my high street bank any time soon. The first was dodgy transactions that started showing up on my Revolut account. I was being charged for random TfL tube journeys. I had a feeling this [...]
Family-owned Tottenham brewer falls into administration as industry pressures mount May 28, 2026 A beloved family-owned Tottenham brewery that was a key player in London’s craft beer renaissance has fallen into administration amidst mounting cost pressures on the industry. Redemption Brewing Company, which was the first commercial brewery to open in Tottenham in nearly 100 years, is officially listed on the formal register of new insolvency appointments as [...]
Wes Streeting’s capital gains tax plan risks ‘disrupting’ growth May 26, 2026 Wes Streeting’s plans to align capital gains taxes while introducing an investment allowance could be “disruptive” for growth as City advisers have become divided over the benefits of sweeping reforms. Streeting told the BBC last week that he backed a plan, first proposed by the Centre for the Analysis of Taxation (Centax) and later adopted [...]
Starling’s profit slides as falling interest rates bite May 21, 2026 Starling’s profit took a dip in the latest financial year as the lower interest rate environment took a chunk out of the digital bank’s bottom line. The UK fintech notched a £217m pre-tax profit, down three per cent from the £223m secured in the prior year. This came as revenue slipped 5.6 per cent to [...]