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Category : Search result: UK business tax penalties
HMRC's 2026 tax crackdown: New powers & whistleblower scheme
HMRC is launching an aggressive new crackdown on historic tax avoidance from 2026, with new powers, a US-style whistleblower reward scheme, and a surge in criminal investigations. Experts warn of risks.
HMRC uses AI to target tax evasion and fraud
HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.
HMRC tax refund guidance after wrong address error
HMRC has issued clear guidance on tax refunds after a cheque was sent to an old address. Learn the steps to correct the error and the helpline number to call.
Inheritance Tax Break for Family Farms and Businesses
HMRC has increased the IHT nil-rate band for business and farming assets to £2.5m per person from April 2026, offering relief to family-owned enterprises. Read the full details and expert reactions.
Business owners warned to prepare 3-6 months for sale
Business owners are urged to start preparing now for a sale to beat a Capital Gains Tax increase in April 2026. Delays could cost tens of thousands. Expert advice inside.
Small Business Owners' Cautious 2026 Outlook
UK small business owners express cautious optimism for 2026 but warn of a 'serious reality check' for the wider economy. Experts cite inflation, rates, and AI risks.
Allica Bank account could generate £10k interest for firms
Allica Bank's Business Rewards Account offers UK companies high interest on idle cash and cashback on spending, potentially earning up to £10,000 annually. Discover how to make your business money work harder.
Stealth tax rule leaves UK households £1,142 worse off
A frozen HMRC trading allowance is eroding the tax-free earnings of UK side hustlers on Vinted, eBay & Airbnb. See how inflation impacts your income.
HMRC warns agents over overdue VAT returns by Feb 2026
HMRC warns UK tax agents with two or more overdue VAT returns to resolve their situation by 7 February 2026 or face penalties, including suspended agent codes. Act now to avoid action.
New Pay-Per-Mile Car Tax Announced for EV Drivers
UK drivers of electric and plug-in hybrid cars will face a new pay-per-mile tax from April 2028. Find out the rates and how it could affect your motoring costs.
HMRC Sends New Tax Codes to UK Households
HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.
Petition for £20k Tax Allowance Hits 30k Signatures
A public petition urging the government to raise the personal tax allowance to £20,000 has passed 30,000 signatures, piling pressure on Labour. Find out what happens next.
HMRC tax reward scheme could backfire, experts warn
Business owners warn HMRC's 'Strengthened Reward Scheme' may spark malicious tip-offs and costly investigations. Read the risks and expert analysis.
Big Banks Cost SMEs Thousands in Lost Interest
UK SMEs are missing out on thousands yearly as big banks pay minimal interest. Switching to a challenger like Allica Bank could earn up to 4.08% AER and cashback.
Two-digit tax code could mean £3,539 HMRC refund
State pensioners with a two-digit 'M1' tax code may be owed thousands in emergency tax refunds from HMRC. Learn how to check your code and claim back an average of £3,539.
Reeves' stealth tax warning for earners over £40,000
Chancellor Rachel Reeves confirms frozen tax bands, dragging millions into higher rates. Discover how fiscal drag impacts your income and pension. Sign up for our money-saving newsletter.
HMRC's mandatory tax adviser register starts May 2026
HMRC will launch a mandatory register for all tax advisers in May 2026. Learn about the new rules, penalties, and the £36m investment to modernise services.
iPhone 17 for UK businesses from £19.81/month
Raylo Business now offers the iPhone 17 and other Apple tech from just £19.81/month with no upfront cost. Flexible subscriptions help SMEs upgrade devices sustainably.
HMRC's online selling crackdown is not a scare tactic
HMRC can now track your online sales on platforms like Vinted and eBay. Exceeding thresholds could lead to fines or criminal investigation. Declare your side hustle now.
Cyber Monday Pixel 10 Pro Deal for Small Firms
Vodafone Business launches exclusive Cyber Monday Google Pixel 10 Pro deal for small teams. Boost productivity with AI tools, lifetime warranty and superfast 5G.
Driver hit with £108,000 fine for Ulez offences
A Kia Ceed owner has accumulated a staggering £108,000 in penalties for repeatedly violating London's Ulez and Congestion Charge rules. Discover the full story and the consequences of non-payment.
Businesses cut hiring plans after Budget, poll shows
Over half of UK business leaders plan to slow hiring following the Autumn Budget, with many fearing further tax rises. Discover the impact on corporate growth.
1,300 face HMRC punishment for family gifts
HMRC is punishing 1,300 people for gifting money to family. IHT on gifts surged 153% to £256m. Learn how to avoid tax penalties.
Council Tax Band D: £0 Bills Before £2,394 Rise
UK households in council tax band D can get 100% discounts, leading to £0 bills before a 5% rise to £2,394. Learn how to apply for Council Tax Support.
Talentheads Founder Sam Spoors on Business & Recruitment
Sam Spoors, founder of Morpeth-based Talentheads, shares her journey from corporate recruitment to building a 10-strong team. Discover her insights on sector evolution, work-life balance, and why the North East business community is second to none.
HMRC sets 8-week deadline for UK tax refund payments
HMRC has clarified its tax refund process, confirming payments will reach UK households within eight weeks. Learn how to claim your money and avoid common pitfalls.
Self-employed lose £3,000 a year to admin work
Self-employed workers in England sacrifice £3,000 annually on unpaid business admin. Discover how the new Making Tax Digital initiative aims to help and ease the burden.
Supermarket Tax Hike After Budget U-turn
Tesco, Sainsbury's, Aldi and Lidl face millions in new business rates after Treasury reversal. Find out how this will impact shoppers.
Tax Freeze Extension Warning for UK Earners Over £40,000
Chancellor Rachel Reeves is set to extend the income tax threshold freeze to 2030, potentially dragging millions into higher tax bands. Discover how this 'stealth tax' could impact your finances.
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