The Low Incomes Tax Reform Group (LITRG) is urging the Chancellor to set out how the government’s plan not to collect income tax from certain state pensioners will work.
An announcement in the budget 2025 ‘red book’ promised the easing of the administrative burden associated with collecting small amounts of tax due on the state pension, a simplification which was largely welcomed. The Chancellor Rachel Reeves has subsequently said that this means small amounts of ...
HMRC are currently sending letters to unrepresented taxpayers who they think may be required to follow the new Making Tax Digital for Income Tax rules from April 2026. Read on for more information on what to do next if you receive one of these letters.
Some lease transactions in Scotland are subject to land and buildings transaction tax (LBTT). If you are the tenant of a notifiable lease of a commercial property in Scotland, and the lease was granted on or after 1 April 2015, then you must submit three-yearly lease review returns to Revenue ...
Following the Chancellor’s loan charge update at the recent Budget, a number of documents have been published that give some indication of next steps.
We have refreshed our guidance on the rent-a-room scheme to provide clearer information about how the relief works if you need to file a tax return for any other reason. This update is designed to help you understand how to complete your self assessment tax return correctly.