Winter fuel payment recovery can apply where a pensioner’s income is more than £35,000. HMRC has recently updated its guidance on how the process works.
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the UK tax mix is narrowing
New HMRC data shows just how much the UK tax mix relies on four major taxes: income tax, National Insurance, VAT and corporation tax.
Pension Scams Could Follow IHT Changes
Pension scams could become more common as people try to understand the inheritance tax changes due to affect some inherited pension funds from 6 April 2027.
VAT Return Deadlines: Don’t Rely on Extra Time
If your VAT return deadline falls on a weekend or bank holiday, HMRC will not automatically give you extra time to file or pay.
Business Mileage Rates: What Has Changed?
The Chancellor has announced an increase to the tax-free business mileage rates that can be paid to employees using their own cars for work. The increase is worth 10p per mile and has been backdated to 6 April 2026.
IHT property valuations for estates
IHT property valuations are coming under closer scrutiny. HMRC challenged more property valuations over the past year, with the number rising by more than a fifth.
CGT and NIC increases explained
CGT and NIC increases have helped push HMRC tax receipts higher. For 2025/26, the amount of tax collected by HMRC increased by 9.3% compared with the previous year.
Close company reporting for directors
Close company reporting is becoming more detailed. From the 2025/26 tax year, directors of close companies will have to provide more information than before when completing their self-assessment tax returns.
VAT late payment penalties explained
More than 580,000 traders were penalised for late VAT payments last year. That represents around a quarter of VAT-registered businesses. For many firms, VAT late payment penalties are an added pressure at a time when cash flow is already tight.
Inheritance Tax Gift Rules and the Limits of the Exemption
The inheritance tax gift rules can be more generous than many people realise, but they are not always straightforward.
How the Cycle to Work Scheme Still Saves Tax
The cycle to work scheme remains a popular employee benefit, and it is easy to see why. Despite speculation ahead of the November 2025 Budget, no financial cap was introduced on the value of cycles
Business Tax Changes Businesses Should Not Ignore
April brought in several important business tax changes, and some could have a direct impact on how businesses claim reliefs, manage tax filings, and stay compliant.
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