“Decisive action” needed for a UK pension regime fit for the next generation
13 August 2025 | Mrge_Acontants
Pension reforms proposed by the Institute for Fiscal Studies (IFS) in partnership with the abrdn Financial Fairness Trust aim to help move the UK’s pension system towards one fit for future generations. The proposals...
Around 600,000 HMRC penalties paid in five years by people owing no tax
07 August 2025 | Mrge_Acontants
Around 600,000 late-filing penalties have been paid to HMRC in the last five years by some of the lowest earners in the UK despite them not owing any tax, according to Tax Policy Associates....
Less than half of self-employed workers use simplified mileage rates
30 July 2025 | Mrge_Acontants
Less than half of self-employed workers who use their vehicle for work purposes are aware of HMRC’s simplified mileage rates, according to its own research. The flat rate deduction is 45p per mile for...
Parents of teenagers can extend Child Benefit claim online
23 July 2025 | Mrge_Acontants
HMRC is reminding parents of 16 to 19-year-olds to extend their Child Benefit claim by August 31 to ensure their payments continue. Last year, 870,000 parents extended this benefit, with most confirming the extension...
HMRC surveys suggest job perk changes are on the horizon
16 July 2025 | Mrge_Acontants
HMRC has published two new surveys which leading advisory firm BDO are concerned could result in the removal of valuable employment perks, such as salary sacrifice pension schemes and Benefit in Kind arrangements, during...
New Pension Schemes Bill to benefit 20 million workers
09 July 2025 | Mrge_Acontants
The Government’s new Pension Schemes Bill is expected to make it easier for millions of people to manage their pensions, by improving returns, and combining smaller pension pots to create bigger and better pension...
Record number of self-assessments sent in first week of tax year
25 June 2025 | Mrge_Acontants
Just under 300,000 self-assessment tax returns were filed in the first week of the 2025/26 tax year, according to HMRC, way ahead of the deadline of January 31, 2026. A total of 299,419...
Changes to umbrella company payments could reduce wages
18 June 2025 | Mrge_Acontants
Umbrella companies are typically used by recruitment agencies to employ workers on temporary contracts, in sectors like IT, healthcare, construction and education. Usually, the contractor or temporary worker will work for a client, the...
MPs call on HMRC to address challenges in tax admin
11 June 2025 | Mrge_Acontants
HMRC’s challenges in administering the tax system as it has become increasingly complex have been revealed in Parliament’s Public Accounts Committee (PAC) report, with trust in the agency falling, and costs rising significantly. The...
Tax simplification measures – do they go far enough?
04 June 2025 | Mrge_Acontants
The Government has revealed a package of changes designed to simplify the tax and customs system and to help deliver its ‘Plan for Change’. There are 26 measures included in the changes, plus two...
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