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24/04/2026

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Key Deadlines, Making Tax Digital Changes & How to Avoid Penalties in 2026

04/04/2026

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03/04/2026

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06/03/2026

As we step into March 2026, the UK's tax landscape is evolving rapidly under HM Revenue and Customs (HMRC). With a push towards digitalisation, efficiency, and compliance, several significant changes are rolling out this year. These updates affect everything from how individuals and businesses report income to pension ages and communication methods. In this blog, we'll break down the most noteworthy developments to help you stay informed and prepared. Whether you're a sole trader, employer, or taxpayer, understanding these shifts can save time and avoid penalties.

The UK's tax landscape is evolving rapidly under HM Revenue and Customs (HMRC).

27/01/2023

Multi-billion pound hole discovered in Britain's finances
OBR reportedly plans to revise growth forecasts and warns Jeremy Hunt to expect a bleaker economic future.

The government’s spending watchdog has warned the country is facing a multi-billion pound hole ahead of the Budget in March.

In his Autumn statement, the Chancellor had announced the Office for Budget Responsibility predicted global economic growth would fall by 1.4pc this year before rising again over three years, by 1.3 per cent, 2.6 per cent, and then 2.7 per cent.

But in a new submission to the Treasury, seen by The Times, the OBR has privately warned Jeremy Hunt to expect a bleaker economic future. It plans to revise growth forecasts down by between 0.2 and 0.5 per cent.

Sources said the revision was necessary due to weakness in the economy and labour-market shortages.

The revelation came as senior Conservative MPs were privately calling for the Chancellor to cut taxes after a year in which households and businesses forked out 10 per cent more than usual.

Britons have paid an average of £821 more to the Treasury this financial year, according to HM Revenue and Customs statistics analysed for the Telegraph. Despite the Exchequer taking in £553bn between April and December, forecasters reportedly warned that the government does not actually have scope for spending announcements and on March 15 may have to tighten purse strings further than previously expected.

OBR reportedly plans to revise growth forecasts and warns Jeremy Hunt to expect a bleaker economic future

28/07/2022

Who must send a tax return?

You must send a tax return if, in the last tax year (6 April to 5 April), you were:

self-employed as a 'sole trader' and earned more than £1,000 (before taking off anything you can claim tax relief on)
a partner in a business partnership
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:

some COVID-19 grant or support payments
money from renting out a property
tips and commission
income from savings, investments and dividends
foreign income
Check if you need to send a tax return if you're not sure.

Other reasons for sending a return
You can choose to fill in a tax return to:

claim some Income Tax reliefs
prove you're self-employed, for example to claim Tax-Free Childcare or Maternity Allowance
If you get Child Benefit
If your income (or your partner's, if you have one) was over £50,000, you may need to send a return and pay the High Income Child Benefit Charge.

06/07/2022

The UK’s economic outlook has ‘deteriorated materially’, leaving households with a ‘very uncertain’ future, the Bank of England has warned. Families’ budgets are likely to be ‘stretched’ in the coming months, the Bank said in its latest Financial Stability Report. Meanwhile, commercial banks were told to double their defences against a potential recession. Inflation – already at a 40-year high of 9.1% is expected to hit 11% by this autumn....

The UK’s economic outlook has ‘deteriorated materially’, leaving households with a ‘very uncertain’ future, the Bank of England has warned. Families’ budgets are likely to be ‘stretched’ in the com…

16/06/2022

Food price inflation in Britain is likely to peak at up to 15% this summer and will remain at high levels into 2023, a prominent grocery industry researcher warned on Thursday, dealing another blow to the country's cash-strapped consumers. In its latest report, the Institute of Grocery Distribution (IGD) said the most vulnerable households in Britain would be hit hardest by the spike in food and drink prices.

Food price inflation in Britain is likely to peak at up to 15% this summer and will remain at high levels into 2023, a prominent grocery industry researcher warned on Thursday, dealing another blow…

13/06/2022

UK hovering over the brink of a recession after economy shrinks again.

That’s the dire warning of a leading business group about the outlook for the country’s finances in the year ahead.

The CBI’s forecast came hours before official statistics confirmed the economy shrank again in April.

Office for National Statistics data revealed that gross domestic product fell by 0.3%, compared to a fall of 0.1% in March.

The impact of the winding down of the test and trace programme on the health sector and the hit to manufacturing by rising energy prices were the primary drags on growth, the ONS said.
The CBI stopped short of firmly predicting a recession but said the economy would be hovering just above the line and could easily slump over it.

It downgraded its growth outlook to 3.7% for this year, from 5.1% previously, and just 1% in 2023, from 3%.

The CBI said it believes inflation is expected to remain high into the autumn, rising to 8.7% in October, leading to a ‘historic squeeze’ in household incomes, which will hit consumer spending.

Tony Danker, CBI director general, said: ‘Let me be clear – we’re expecting the economy to be pretty much stagnant.

‘It won’t take much to tip us into a recession, and even if we don’t, it will feel like one for too many people.

‘Times are tough for businesses dealing with rising costs, and for people on lower incomes concerned about paying bills and putting food on the table.’

The business leader said politicians have been guilty of ‘weeks of politicking with the country standing on the brink of a summer of gridlock’ and called for the government to take further action.

The CBI called for measures including steps to alleviate labour and skills shortages.

Rain Newton-Smith, CBI chief economist, called the numbers ‘a tough set of statistics to stomach’.

29/05/2022

Who is eligible for the £650 one-off payment to help with energy bills and when’s the deadline for applying? THE Chancellor Rishi Sunak has unveiled a £15bn package aimed to support households hit by the cost-of-living crisis and the rising cost of energy. The bail-out includes a one-off cost-of-living payment, but who's eligible and when do you need to apply for it?...

Who is eligible for the £650 one-off payment to help with energy bills and when’s the deadline for applying? THE Chancellor Rishi Sunak has unveiled a £15bn package aimed to support households hit …