Wealth tax on UK’s super-rich could raise £10bn a year, Andy Burnham told New PM urged to introduce a 2% minimum charge on households with more than £100m in wealth The Guardian - UK · Jul 21
Golden era or overcapacity: Why London's private members' club boom might end in bust As a £100m venue opens its doors in London, does it herald a golden era for clubs — or a doomed bubble? Evening Standard · Jul 19
HMRC issues update on State Pension tax error that affected 1.4 million pensioners HMRC has issued a fresh update to MPs after admitting a long-running State Pension tax error affected up to 1.4 million pensioners.... The National (Scotland) · Jul 18
Reform could be hit with £3m tax bill because of Farage’s £5m donation, tax expert claims Dan Neidle says he ‘would now be surprised if HMRC do not open an enquiry’ The Independent UK · Jul 17
Corporation Tax Payment Outsourcing: How UK Accountancy Firms Save Time and Avoid Penalties In April 2026, HMRC doubled the fixed penalties for late corporation tax returns. This was the first increase since 1998. A CT600 filed even one day after the deadline now triggers a £200 penalty. Miss three consecutive returns by more than three months, and that figure reaches £2,000 per return,… inkl · Jul 16
10m people aged 65 and over expected to be income tax payers in 2026-27 In 2026-27, the number of people aged 65 and over expected to be paying income tax was put at 10,200,000 in HMRC figures. Evening Standard · Jul 15
Britain Is Changing How It Taxes Crypto. DeFi Users Will No Longer Face Immediate Capital Gains Bills. The United Kingdom is overhauling the way it taxes certain cryptocurrency transactions, becoming one of the first major economies to formally recognize that lending digital assets and participating in decentralized finance liquidity pools do not always represent a meaningful change in ownership. International Business Times · Jul 14
Jannik Sinner And Linda Noskova Lose Almost Half Their Prize Money After £3.6M Wimbledon Paydays Jannik Sinner and Linda Noskova's Wimbledon victories come with substantial UK tax liabilities, reducing their £3.6 million prizes significantly due to non-resident sportsperson tax rules. International Business Times UK · Jul 13
Scots urged to check if they need to pay tax ahead of major deadline People in Scotland have been urged to check now if they need to pay any tax for the 2025-26 year, ahead of a key deadline at the end of the month The National (Scotland) · Jul 13
More than half of UK SMBs admit they're not ready for new digital tax deadline HMRC's new MTD rules affected £50k+ earners this year, but 55% of them still aren't ready for the August 7 2026 deadline. TechRadar · Jul 13
How a US exemption will see UK miss out on £600m in tax revenue every year IN FULL The Independent UK · Jul 10
UK to miss out on £600m a year after allowing US exemption from landmark tax deal The deal saw nearly 150 countries agree to a 15% global minimum tax to stop large global companies shifting profits to jurisdictions with lower taxes – but the US will be exempt The Independent UK · Jul 9
UK to miss out on £600m in tax due to US exemption, says HMRC It confirmed the expected tax reduction as part of scrutiny by Parliament’s Public Accounts Committee into tax paid by major multinational firms. Evening Standard · Jul 9
Former top Treasury adviser warns that HMRC plans to track personal finances with AI Exclusive: Dr Chris Wales, who was a member of Gordon Brown’s Council of Economic Advisers for more than six years, has sounded the alarm over how artificial intelligence will be used to track people’s income and expenditure without their knowledge The Independent UK · Jul 4
The National (Scotland) · Jul 3 Scottish firm goes into liquidation owing £175k after being caught smuggling tobacco A SCOTTISH businessman has been banned from directing companies after attempting to smuggle tobacco hidden in furniture into the UK ...
The Economic Times · Jul 2 Returning from the UK? What to know before transferring your pension Thousands of Indian professionals returning from the UK often leave their pension untouched, facing risks due to misunderstandings of HMRC rules and product choices. Ignoring this vital asset incurs inflation and regulatory costs. Currently, a strong pound, cooler Indian equity markets, and favourable annuity rates present a unique opportunity for…
Evening Standard · Jul 1 BlueCrest says UK no longer a serious place to do business after court loss On Wednesday, the firm lost a roughly four-year legal battle about how payouts for hedge fund traders should be taxed.
The Independent UK · Jun 30 Mapped: What the average asking price buys across Britain What buys a five-bed house in Scotland may only get you a studio flat in parts of London, analysis reveals
Evening Standard · Jun 30 Home sales jumped by 17% annually in May – HMRC figures Housing market activity fell a year earlier following stamp duty changes.
Evening Standard · Jun 29 Banks join taskforce to reunite young people with £1.6bn unclaimed savings The Government announced the new taskforce after finding that more than 750,000 accounts are unclaimed, holding £2,200 on average.
The National (Scotland) · Jun 29 Scottish energy firm fined £500,000 for breaching Russia sanctions A Scottish energy firm has been fined more than £500,000 for breaching Russia sanctions regulations
Evening Standard · Jun 29 Petrofac pays £569,000 to HMRC for breaching Russia sanctions rules The energy services business was investigated by HMRC after self-reporting breaches that occurred in 2022 and 2023.
The Guardian - UK · Jun 29 HMRC scheme that wrongly cut child benefits did not ‘adequately consider’ impact, report finds NAO inquiry follows suspension of payments after erroneous records that claimants had emigrated
The Guardian - UK · Jun 26 Do new Isa rules mean I have to pay tax? Changes due to take effect next year for stocks and shares Isas have become become clearer, prompting concern
The Guardian - UK · Jun 25 Newcastle hit with demand for £3.2m over ‘deliberate’ failure to pay tax on transfers Newcastle United FC have been hit with a demand for £3.2m from HM Revenue and Customs over a ‘deliberate’ failure to pay tax