Deadline approaches for first Making Tax Digital quarterly update
More than 864,000 sole traders and landlords signed up to Making Tax Digital (MTD) for Income Tax have just two weeks left before the deadline to submit their first quarterly update.
Topics: Economy, Finance
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Say ‘I do’ to getting your side hustle tax right
The invitations are out, the venues are booked and the flowers are ordered - but for wedding suppliers who have turned their hobby into a side hustle, there is one more item on the to-do list: checking their tax obligations.
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Tax advisers: one month left to register under new rules
Registration deadline for new tax advisers is 18 August 2026. Tax advisers who still need to register should act now to avoid disruption to their ability to support clients.
Tax advisers have one month left to register under new mandatory requirements designed to raise standards in the tax advice market, protect taxpayers, and support those who play by the rules.
HM Revenue and Customs (H -
Businesses urged to apply by end of July for Vaping Products Duty to continue trading from October
Businesses involved with vaping products will receive correspondence from HM Revenue and Customs (HMRC) imminently, reminding them to apply for Vaping Products Duty (VPD) and the Vaping Duty Stamps (VDS) Scheme which start on 1 October 2026.
Apply now to continue trading from 1 October 2026.
VPD will apply to all vaping products whether they contain nicotine or not. If businesses have not -
Step-by-step VAT guidance helps businesses self-serve online
Since launching on 1 April 2026, HM Revenue and Customs’ (HMRC’s) new interactive VAT guidance tool is making it easier for newly VAT-registered businesses to understand their obligations, use online VAT services with confidence and get their tax right first time.
The tool provides the support businesses need after registering for VAT:
Step-by-step guidance Practical examples Short videos. -
New support materials for Strengthened Reward Scheme for informants
New HM Revenue and Customs (HMRC) videos are making it easier for informants to report serious tax fraud and avoidance through the Strengthened Reward Scheme.
A recorded webinar and short explainer video provide practical guidance on how to report tax wrongdoing and what information HMRC needs.
Informants may be eligible for a financial reward if the information they provide leads to HMRC re -
5.6 million taxpayers check their pay in the HMRC app an average of 18 times a year
5.6 million taxpayers checked their pay in the HMRC app last year a total of 100 million times – equivalent to 18 times each a year. The app had 7.6 million unique users and 2.8 million new users in 2025 to 2026. HMRC transformation is on track – with digital services taking off, and outdated communication being phased out.
Millions of taxpayers are choosing to go digital and check their pay -
Energy firm named after £500,000 Russia sanctions breach settlement
An energy services firm has paid more than £500,000 to HM Revenue and Customs (HMRC) for breaching Russia sanctions regulations.
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Taxpayers urged to get ahead of July Self Assessment payment deadline
One month to go until the second Payments on Account deadline on 31 July. The HMRC app is the quickest way to pay, with more than 110,000 payments made through the app since April. Customers can set up payment plans to help spread the cost of their tax bill.
With one month to go, HM Revenue and Customs (HMRC) is reminding millions of Self Assessment taxpayers to prepare for the -
Need tax help? Gen Zs wish they had learnt basics about tax
40% of young people wish they had learnt the basics about tax when they were younger. HMRC is encouraging young people to use the HMRC app to manage their money and tax. 90% satisfaction rating from young people using the app.
Four in ten of Generation Z say they wish they had learnt the basics about tax when they were younger as HM Revenue and Customs (HMRC) is encouraging those looking for -
Tax Gap 2024-25 estimated at 6.4%
The tax gap estimate – the difference between what UK tax is expected to be paid and was actually paid – was 6.4% for the 2024 to 2025 tax year, provisional figures published today (23 June 2026) show.
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Gang jailed for £23 million crypto cash-laundering operation
Four men who laundered £23.4 million of dirty cash into cryptocurrency have been jailed for a total of 27 years.
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Tax Minister to owners of dodgy shops: “We are coming for you”
HMRC made unannounced visits to six souvenir shops across central London this week, as it significantly scales up its work to tackle illegal activity on the high street. Officers from HMRC were joined by colleagues from Home Office Immigration Enforcement, Westminster Council Trading Standards and the Metropolitan Police. The teams checked shops selling royal family, London and UK-themed gifts.
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Arms dealer guilty of illegal weapons deals
A British businessman has been found guilty of brokering illegal deals involving fighter jets and weapons destined for war zones including Sudan, South Sudan and Libya . David Greenhalgh, 68, of Croydon, south London, helped broker the supply of ex-Soviet jets, surface-to-air missile systems, anti-tank missiles, thousands of assault rifles and other controlled goods between 2009 and 2016.
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HMRC doubles funding for customers who need extra support
More than £11 million in funding available for organisations to help customers with their tax affairs.Voluntary and Community sector organisations invited to bid for funding from today.Successful organisations will receive three-year funding grants from April 2027.
HM Revenue and Customs (HMRC) has pledged more than £11 million to support customers who need extra help, as it launches the latest -
Two arrested for suspected £153 million TikTok tax scam
Two men suspected of using TikTok in an alleged multi-million pound tax fraud have been arrested by HM Revenue and Customs (HMRC). Cybercrime investigators arrested the pair in East London after blocking £153 million of suspected fraudulent claims that are thought to have used personal tax details from TikTok users.
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New parents urged to claim Child Benefit for their baby now
One in three new parents are missing out on Child Benefit payments in their baby’s first year, new figures reveal.
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Tax advisers: check if you need to register under new rules
A new registration requirement for tax advisers, who are paid to interact with HM Revenue and Customs (HMRC) on behalf of clients, rolls out online from Monday 18 May 2026.
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298,905 Self Assessment filers quick off the mark
Hundreds of thousands of taxpayers got ahead of the game by filing their Self Assessment return early last month, with 86,270 submitting on day one - as Easter Monday emerged as the most popular date.
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Teenager turning 16? Don't miss out on Child Benefit
Parents of 16-19-year-olds are reminded to extend their Child Benefit claim if their teenager is staying in certain types of education or training after their GCSEs or National 5s. Child Benefit will automatically stop on 31 August on or after a child's 16th birthday unless parents confirm their teenager's plans.
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