What is a P11D form? What employers need to know ahead of the July 6 deadline May 29, 2025 Employers will need to submit a P11D form if their employees are receiving benefits of any type on top of their salary. Here’s everything you need to know. We’re well into a new tax year, but that does not mean a pause for paperwork. Far from it, especially for employers. As well as having to [...]
HMRC review signals potential pension tax changes in Autumn May 28, 2025 Rachel Reeves could target pension savers in fresh tax grab as the Chancellor looks for additional ways to fund the government’s ballooning spending. His Majesty’s Revenue and Customs (HMRC) has published research as part of an official review of workplace retirement schemes, exploring cuts to the tax benefits of salary sacrifice pension schemes. The schemes, [...]
Brits prepared to legally challenge an ‘unfair’ inheritance May 27, 2025 Nearly four in ten Brits said they’d dispute a Will and potentially go to court if they thought the inheritance they received was unfair
HMRC crackdown on R&D tax fraud sees probes into 33 football clubs May 27, 2025 HMRC has opened investigations into several professional football clubs over concerns that they may have exploited a tax relief scheme
Tribunal kicks out Walkers tax appeal over Sensations Poppadoms May 23, 2025 The Upper Tax Tribunal has thrown out an appeal by the crunchy potato slices giant regarding its VAT dispute with the taxman
P60 form deadline is approaching – what you need to know May 23, 2025 Employers are required to issue a P60 form by May 31 – but what is the form actually for, and what happens if your employer misses the deadline? If you’ve been employed for some time, you’ll have heard of a P60, but understanding what it is and why it matters is vital. If you’re an [...]
Mark Kleinman: Reeves’ City IPO push still lacks momentum May 22, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves’ City IPO push still lacks momentum It’s the City’s most oft-recurring question: how do you reverse the alarming decline in London’s attractiveness as a destination for IPOs? The bald statistics legitimise the urgency of the [...]
Firms delay tax payments as costs soar May 19, 2025 Unpaid business tax liabilities are averaging as much as £28bn a month this year, official data has revealed, suggesting firms are struggling to keep up with mounting costs. Chancellor Rachel Reeves’ £40bn tax hikes last autumn, including rises to employers’ national insurance contributions, were designed to lift the public finances and reduce borrowing. But new [...]
Umbrella Union to be wound up after HMRC tax avoidance accusation May 16, 2025 A Liverpool-based contracting company accused of promoting tax avoidance is to be wound up after appointing liquidators, City AM can reveal. The firm, called, Umbrella Union, described itself as an “umbrella contracting company” which “can help you comply with financial regulations whilst remaining self employed.” In October last year, HMRC added the company to its [...]
Tax fraud: HMRC ramps up dawn raids in crackdown May 16, 2025 According to the law firm Pinsent Masons, HMRC carried out an average of 12 property searches each week last year, as the campaign against tax evasion intensified and the government tax body became “increasingly proactive.” In the year ending March 2024, the government tax body carried out 648 dawn raids, up from 623 raids in 2022/23. [...]