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HMRC targets persistent tax debts

HMRC targets persistent tax debts

HMRC is reviewing proposals to introduce new powers for recovering lower-value, persistent tax debts from individuals and businesses that repeatedly fail to engage with collection efforts. The proposals, set out in a public consultation earlier this year, would allow...
New self-assessment registration service launched

New self-assessment registration service launched

HMRC has launched an improved online service to make it easier for individuals to register for self-assessment. Anyone who needs to submit a tax return for the first time for the 2025–26 tax year should notify HMRC by 5 October 2026 to avoid a potential penalty....
Winter Fuel Payment opt-out deadline approaches

Winter Fuel Payment opt-out deadline approaches

Pensioners who do not want to receive the Winter Fuel Payment for winter 2026–27 have until September to opt out. The payment will be recovered through the tax system from those whose total income exceeds £35,000. In England and Wales, pensioners who...
New duty on vaping products starts in October

New duty on vaping products starts in October

Businesses in the vaping sector are reminded that the new Vaping Products Duty and the Vaping Duty Stamps Scheme will take effect from 1 October 2026. HMRC is urging manufacturers, importers, wholesalers and retailers to make sure they are ready for the introduction...
Tax rules for cryptoassets set to change

Tax rules for cryptoassets set to change

The tax treatment of some crypto assets is set to change under draft legislation for Finance Bill 2026–27. The proposed changes include new rules for qualifying stablecoins, crypto asset loans and liquidity pools. Eligible stablecoins are expected to be treated...