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HMRC targets landlords using third-party data
Personal TaxHMRC has confirmed that it is using information received from third parties to identify landlords who may not have declared all of their rental income. The latest compliance campaign highlights the department's increasing use of data matching to tackle errors and omissions. What should landlords do?
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Self-employed taxpayers warned over missing Class 2 NI credits
Business TaxHMRC is warning some self-employed taxpayers to check their National Insurance (NI) records after an issue affecting Class 2 NI credits came to light. The problem could leave some individuals with gaps in their contribution record, potentially affecting their entitlement to the State Pension and other contributory benefits. What should you do?
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HMRC takes aim at side hustles
Business Tax, Personal TaxPeople with side hustles are the target of a HMRC press release reminding them of their potential tax obligations. Why has this been published now, and what are the key points to remember?
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VAT on electricity to be cut
VATThe new Prime Minister has announced a cut to the rate of VAT on electricity from 1 October. What's the full story?
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Supreme Court finds LLP asset managers are not influencers
Business TaxThe Supreme Court has ruled that portfolio managers at a hedge fund did not have significant influence over the affairs of a limited liability partnership (LLP) and as such fell squarely within the salaried members rules. How does this decision impact LLPs across the board?
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Government finally confirms date for capital goods scheme reforms
VATThe government has finally confirmed when long-awaited changes to the capital goods scheme (CGS) will take effect. The reforms, first announced as part of a wider review of VAT simplification, will come into force on 29 July 2026. What does this mean for businesses?