HMRC sends 'nudge letters' to crypto investors

HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).

Many crypto investors…

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Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including:

  • guidance for employers on RTI reporting obligations…

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 December 2024.

The guidance states: 'you can use the previous rates for up to one month from the date the…

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UK economy shrinks for second month in a row

The UK economy shrank for the second month in a row in October, according to the Office for National Statistics (ONS).

Official figures showed a 0.1% drop in gross domestic product (GDP)…

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Pension reforms to 'unlock billions' for government growth agenda

New rules that will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government.

The government said this will remove blockages that…

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Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

From April 2025, the NLW will increase by 6.7% and the NMW by as much as 18% depending on the category…

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Treasury sets out next steps for Making Tax Digital

On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.

Currently, businesses…

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Self Employment Income Support Scheme Grants

HMRC are inviting those individuals that are self employed or a member of a partnership and have been adversely affected by coronavirus to claim a second grant under the Self Employed Income Support…

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Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics including:

  • coronavirus support schemes and what employers need…

Read more

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