Frozen tax thresholds to add 17.9 million brits to income tax rolls – Quilter
The analysis also highlighted that 8.2 million individuals over 60 will be affected.
One in five UK professionals now working a second job, says Robert Walters
New research from Robert Walters finds 19% of UK professionals have a side hustle, with 30% considering one due to financial pressure and rising costs.
UK tax gap increases by 21% in past 10 years, finds RIFT
As part of the Spring Statement, the Government announced plans to reduce the UK’s tax gap in order to raise around £7.5bn in national revenue.
PAYE and NICs receipts rise by £12.6bn between April 2024 and February 2025 – HMRC
Self Assessment Income Tax, Capital Gains Tax and NIC receipts for the same period are £62.4bn, up £3.8bn from a year earlier.
£35m added to State Pension pots using online top-up service
More than 37,000 online payments have been made through the service.
HMRC issues warning to workers who receive tips
According to the LITRG, "If an employee gets cash tips directly from a customer without the employer being involved, the tips belong to the employee."
HMRC to recruit 5,000 tax inspectors in £6.5bn compliance push
HMRC is set to recruit 5,000 additional tax inspectors as part of a compliance drive aimed at narrowing the tax gap.
HMRC launches support tool for self-employed ahead of Small Business Saturday
HMRC has launched a new interactive online tool for people working for themselves and individuals considering self-employment.
HMRC repays £44.3m in overpaid pension tax during Q3, experts call for reform
This issue has persisted since pension flexibilities were introduced.
HMRC launches VAT Registration Estimator tool to aid businesses
HMRC launches the VAT Registration Estimator to assist businesses in understanding VAT registration requirements and its impact on profits.
Nearly 300,000 file self assessment returns in first week of new tax year
Almost 300,000 taxpayers filed their self assessment tax returns in the first week of the new tax year, taking advantage of the benefits of early filing, as HMRC encourages more to follow suit to avoid end-of-year rush and manage financial planning better
UK Government introduces new online service for National Insurance payments
Government launches an online NI payment service to simplify securing full State Pension entitlements.
