HMRC launches consultation for mandatory Direct Debit VAT and PAYE payments
HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would…
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Government proposes changes to the taxation of distributions and repayments of capital from companies
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.
Paying tax as you earn it: The proposal that could reshape Self Assessment
Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it…
Making Tax Digital off to a slow start
With the upcoming 7 August deadline, HMRC reports that it is still waiting for over half of those affected by Making Tax Digital (MTD) to…
Despite setting sights on small businesses, the tax gap is still growing – How do businesses become tax compliant?
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…
Accepting cryptocurrency as payment – The tax implications for UK SMEs
One in five of the UK’s top SMEs is already seeing customer demand for cryptocurrency payments, according to a recent survey by payment technology provider…