New Vaping Products Duty comes into effect
A new excise duty on vaping products has come into force in the UK today (1 October 2026) to reduce the affordability and appeal of vaping, especially to young people and non-smokers.
Topics: Revision, Tax issues
-
-
Arms dealers sentenced to 32 years in jail
A British businessman has been jailed for 16 years after 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 & 2016.
-
Almost 3 million young adults are ‘quids in’ after claiming Child Trust Fund
Almost 3 million accounts held by 18 to 24 year-olds have either been claimed or transferred into an Individual Savings Account, HM Revenue and Customs (HMRC) reveals as it encourages the thousands who don’t know where their savings are to find them today.
-
Trader Support Service users urged to prepare for new platform
Businesses registered for the Trader Support Service (TSS) need to prepare to move to the new platform before 20 October to ensure they can continue moving goods between Great Britain and Northern Ireland.
-
More than £300 million paid out through Help to Save with thousands more savers set to benefit
With more than £300 million having been paid out in bonus payments, and thousands more people set to be eligible for an account through the Help to Save scheme, HM Revenue and Customs (HMRC) is kicking off UK Savings Week by reminding people who can benefit.
-
Almost 7 million adults in the dark about their State Pension
Almost 7 million adults could be missing out on information to help prepare them for their retirement.
-
Improved Self Assessment registration service launched
HM Revenue and Customs (HMRC) has launched an improved registration service making it easier than ever to register for Self Assessment.
-
HMRC offers Loan Charge settlements
Thousands of people and employers with outstanding Loan Charge liabilities are being invited to take advantage of a new settlement scheme that could reduce their bills by up to £70,000. It will see most customers’ bills reduced, with around a third able to settle without paying anything at all. HM Revenue and Customs (HMRC) is writing to eligible customers.
-
Money on your mind? The HMRC app has it covered
More than 56% of people say they weren’t prepared for life’s financial milestones with one in four admitting they lack basic knowledge about money matters but are too embarrassed to ask, according to new research.
-
One month until Vaping Products Duty and the Vaping Duty Stamps Scheme start
With Vaping Products Duty and the Vaping Duty Stamps Scheme starting on 1 October 2026, HM Revenue and Customs (HMRC) is reminding businesses across the vaping supply chain, including retailers and wholesalers, to prepare for the changes. The new excise duty of £2.20 per 10ml on vaping products, whether they contain nicotine or not, will come into force alongside tobacco duty increases.
-
240 crypto millionaires revealed in new government data
240 people reported more than £1 million in capital gains from cryptoassets in the 2024 to 2025 tax year official statistics show, accounting for £717 million of cryptoasset gains between them. Total taxable capital gains from cryptoassets for 17,600 individuals were £1.38 billion in the 2024 to 2025 tax year, with an average gain of £78,000 reported per individual. Following the
-
Second registration window now open for tax advisers
Phase two of the new online registration requirement for tax advisers rolls out. Advisers with Self Assessment or Corporation Tax accounts, but without an agent services account (ASA), now need to register. Mandatory tax adviser registration requirements will protect customers and raise standards in tax advice. Advisers who solely provide professional payroll services do not need to registe
-
Extend Child Benefit for your teen before 31 August
Parents of 16 to 19-year-olds starting further education or approved training courses must extend their Child Benefit claim by 31 August or payments will stop automatically. GCSE results day on 20 August is a key moment for teenagers to decide their next steps. Parents can extend their claim in minutes using the HMRC app or GOV.UK.
Parents of 16 to 19-year-olds have -
New HMRC enforcement blitz means nowhere to run for dodgy high street businesses
Chancellor John Healey is urging people to report tax fraud as HM Revenue and Customs (HMRC) ramps up its work to tackle illegal activity on the high street. The improved Report Tax Fraud service on GOV.UK makes it easier than ever to ‘shop' high street businesses they suspect are involved in fraud, from vape shops to barber shops.
-
436,000 sole traders and landlords make their tax digital
More than 430,000 sole traders and landlords successfully sent their first Making Tax Digital (MTD) for Income Tax quarterly update for the 7 August deadline. Almost 565,000 customers have now signed up to the service.
-
Make the most of Playday with Tax-Free Childcare
Working families urged to sign up for Tax-Free Childcare on Playday to help pay for holiday clubs, after-school clubs, nurseries and childmindersLatest statistics show families save almost £100 a month with Tax-Free ChildcareNumber of families using Tax-Free Childcare for children aged 8 and above increased by 20%
Working families are being encouraged to check if they could cut the cost of chil -
Airbus Operations Limited has paid a record £6.4 million for breaching Strategic Export Controls
Airbus Operations Limited (AOL) has paid more than £6.4 million to HM Revenue and Customs (HMRC) after admitting multiple breaches of Strategic Export Controls. The payment represents the highest compound settlement ever reached by HMRC for strategic export offences. AOL announced details of the settlement in its quarterly earning notes.
-
HMRC urges customers not to ignore Simple Assessment letters
HM Revenue and Customs (HMRC) is encouraging people who receive a Simple Assessment letter this summer to not ignore it, and to check the details and pay any tax owed.
-
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.
-
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.
Show more
Loading...