by Gary Woosey | Jul 7, 2026 | Blog, Tax
The last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s Tax Update 2026. While the headlines have been stolen by changes to the way VAT, PAYE and ITSA are paid, for companies, proposals to alter the way that...
by Gary Woosey | Jun 30, 2026 | Blog, Tax
Between the amount of tax owed and the amount paid is the dreaded tax gap, the amount of additional revenue that HMRC would have to use if everyone were fully tax compliant. Every year since the 2005/6 tax year has seen the size of the tax gap charted and it indicates...
by Gary Woosey | May 26, 2026 | Blog, Tax
Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax. Speaking at Accountex London 2026, HMRC is...
by Gary Woosey | May 12, 2026 | Blog, Tax
HMRC has obtained new data from PensionBee and it has revealed a worrying trend about self-employed workers’ tax returns. The pension company found that those on lower incomes are twice as likely to miss the Self-Assessment filing deadline compared to higher earners....
by Gary Woosey | Apr 28, 2026 | Blog, Tax
If businesses feel as though they are paying more tax than ever, there is a reason for that. HMRC have revealed the amount of tax collected in the 2025/2026 – an eyewatering £938.8 billion. With this tax year likely to see the collected revenue cross £1 trillion,...
by Gary Woosey | Apr 21, 2026 | Blog, Tax
HMRC has sent out a message to some of the 12 million people with Self Assessment tax accounts in the last week or so, alerting them to the need to file their next Self Assessment tax return. Whether you received this message or not, you may be wondering whether HMRC...
