HMRC late payment interest cut by 0.25%
08 Aug 2024 HMRC will reduce late payment and repayment interest rates following the cut to the base rate. The Bank of England cut the base rate to 5.0% on…
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10/07/2025
HMRC urged to take action to ‘defuse side hustle time bomb’
23 Sep 2024 The Low Incomes Tax Reform Group (LITRG) has urged HMRC to take action in order to make sellers aware of the fact that they may need to…
10/07/2025
HMRC sends ‘nudge letters’ to crypto investors
30 Aug 2024 HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of…
10/07/2025
Chancellor refuses to rule out CGT rise
07 Aug 2024 Chancellor Rachel Reeves has refused to rule out an increase in capital gains tax (CGT) at the Autumn Budget in October. Ms Reeves said that it is…
10/07/2025
Interest rates held at 5%
20 Sep 2024 The Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at 5%. The MPC voted eight to one in favour of no change, with…
10/07/2025
HMRC debunks top five self assessment ‘myths’
29 Aug 2024 HMRC has clarified some common myths about self assessment tax returns. HMRC stated that there are 'plenty of myths' about who must file a self assessment return…
10/07/2025
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