Tax

HM Revenue & Customs (HMRC) is set to launch a new US-style incentive programme, offering significant financial rewards to whistleblowers who report large-scale tax fraud.

The UK government is facing a fresh internal row after Chancellor Rachel Reeves reportedly informed the fiscal watchdog of plans to raise income tax, breaking a key 2024 manifesto pledge.

People should brace themselves for a “nasty set of tax rises” in Rachel Reeves’ forthcoming Autumn Budget, according to leading economist and public policy expert Professor Paul Johnson CBE. Speaking at the ICAS Annual Conference 2025 in London on 5 November, Prof Johnson – P

UK pensioners reclaimed £48.5 million in overpaid tax on pension withdrawals in the third quarter of 2025, according to the latest figures from HM Revenue & Customs (HMRC). The data reveals that over 13,700 reclaim forms were processed between July and September, with the average rebate am

The Chancellor could wipe billions of pounds off the UK stock market with even modest changes to key retail investor taxes, according to new analysis from investing platform IG as part of its new ‘Hands off our investments’ campaign. The research finds that ahead of next month’s Au

Chancellor Rachel Reeves is preparing a tax crackdown on professional partnerships, targeting accountants, lawyers, and other professionals using limited liability partnerships (LLPs) as part of her plan to ensure those with the “broadest shoulders” contribute more. The proposal involves

The UK's top 1% of taxpayers were responsible for approximately one-third of all income tax and capital gains tax (CGT) collected last year, according to new figures from HMRC.

Company directors and shareholders face new mandatory reporting requirements for declaring dividends from profits for owner-managed and family-run ‘close’ companies. Failure to comply will incur a £60 fine for each failure to disclose in the tax return.

Chancellor Rachel Reeves is facing mounting pressure to rule out a wealth tax in the upcoming Autumn Budget, following new research estimating such a levy could drive £100 billion of assets out of the UK.

The vast contribution of quarried construction materials to the Scottish economy has been highlighted in the findings of a new study published this week. In the first report of its kind, The Economic Contribution of Primary Aggregates in Scotland reveals the scale and strategic importance of the qua

Chancellor Rachel Reeves has publicly revealed for the first time that the UK government is considering tax hikes and spending cuts in the upcoming Budget to address a significant fiscal hole. In a Sky News interview, the Chancellor confirmed she would not "duck" difficult decisions to ensure the pu

A sharp decline in the number of Scottish SMEs making R&D (research & development) tax relief claims has prompted a leading R&D Tax Relief specialist to warn that businesses should use the valuable R&D Tax Claims relief – or lose it. Gemma Monaghan, a partner and head of R&

HM Revenue & Customs' (HMRC) sophisticated "big data" system, known as Connect, has been credited with generating an additional £4.6 billion in tax revenue during the 2024-25 financial year. This figure, revealed in a freedom of information request made by Pinsent Masons, represents a 35%

With a projected £50 billion shortfall in public finances and a pledge not to raise income tax, national insurance or VAT, speculation is mounting that Chancellor Rachel Reeves may turn again to Inheritance Tax (IHT) reform when she makes her autumn budget statement on 26 November, writes Emma

Inheritance tax (IHT) is on course for a record-breaking year, with HM Revenue & Customs (HMRC) collecting £3.7 billion in the first five months of the 2025/26 tax year – around £200 million more than the same period last year.