HMRC warns of two critical tax deadlines in October — miss them and you could face an immediate £100 penalty, with fines escalating to £1,600 for late filing.
Category: Finance
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Reeves’ rumoured pension raid spurs expats to shift billions abroad
Fears of a pensions tax raid in Rachel Reeves’ November Budget are pushing British expats to move retirement savings abroad, with Malta emerging as a safe haven.
Oscars, Warhols and whisky: inside the weird world of luxury asset lending
Suros Capital is lending against Oscars, Banksys, whisky and Rolexes. Inside the weird and booming world of luxury asset finance.
HMRC handed ‘draconian’ new powers to raid bank accounts and Isas of tax dodgers
HMRC can now raid bank accounts and Isas to recover unpaid taxes over £1,000 after Reeves revived its controversial debt recovery powers.
UK women risk losing £93,000 in lifetime earnings due to gender pay gap
New research shows women in the UK risk missing out on £93,000 in lifetime earnings due to the gender pay gap, with disparities widening most between ages 30–59.
Contactless payments could go unlimited
The FCA is consulting on proposals to let banks scrap the £100 contactless card limit, bringing cards in line with unlimited mobile wallet payments.
Rayner and footballers’ tax troubles are a ‘wake-up call’, adviser warns
The separate tax controversies involving Premier League footballers and former deputy prime minister Angela Rayner should serve as a “wake-up call” about the importance of taking sound, professional advice, a senior tax expert has warned.
CGT changes at a glance: what investors need to know about the new rules
For anyone filing a 2024–25 tax return, here is a comprehensive guide to the new rules, the key numbers, and what it means for your finances.
Government looks at applying National Insurance to rental income in Autumn Budget
The Government is weighing a major shake-up of landlord taxation that could see National Insurance contributions applied to rental income for the first time.
AI profiling of social media will boost HMRC’s tax compliance, say advisers
Blick Rothenberg says HMRC’s use of AI through its CONNECT system, which has already recovered over £3bn in unpaid tax, will be strengthened by profiling people’s social media activity.
HMRC admits using AI to monitor taxpayers’ social media
HMRC has confirmed for the first time it uses AI to monitor social media in criminal tax probes, prompting MPs to warn of risks to privacy and potential “Horizon-type” errors.
£105m in Premium Bond prizes unclaimed – including 11 jackpots worth £100,000
More than £105 million in Premium Bond prizes remain unclaimed, including 11 worth £100,000. NS&I urges savers to check their contact details and trace old bonds.
HMRC scores tax windfall from Lionesses’ Euro 2025 prize money
The Lionesses’ Euro 2025 win is expected to deliver HMRC a £788,900 tax windfall, with players facing a 47% marginal tax rate on bonuses, according to Blick Rothenberg.
Taxpayers who haven’t settled their bill with HMRC must pay by 31st July or face fines and interest
HMRC warns taxpayers to settle their bills by 31st July or risk 8.25% late payment interest and penalties. Payments on account apply to many self-employed and high-income earners.
Fields of fortune: Why farmland remains a tax-efficient safe haven — for now
UK farmland remains a popular tax-efficient asset for wealthy investors, but proposed reforms to Agricultural Property Relief by Chancellor Rachel Reeves could reshape the landscape.
