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HMRC

HM Revenue & Customs, the UK tax authority.

Housing Market · Explainer

Budget landlord property tax changes: 22% rate from April 2027

Landlord tax allowance changes are limited, but new property rates of 22%, 42% and 47% from April 2027 will raise rental income tax and trim property investment returns.

Anthony Ivahand · · Confirmed
Aerial view of a suburban residential area with rows of terraced houses and green spaces
Housing Market · Explainer

ISA withdrawal tax clawback rules UK: where charges really apply

Taking money out of most ISAs costs nothing in tax, but Lifetime ISAs carry a 25% charge and new rules take effect from 6 April 2027. Here is the ISA withdrawal mistake HMRC rules actually penalise.

Anthony Ivahand · · Confirmed
Pink piggy bank surrounded by scattered gold coins on a plain background
Housing Market · Explainer

Lifetime ISA withdrawal penalties: what first-time buyers pay

A 25% charge applies to unauthorised Lifetime ISA withdrawals. Here are the early withdrawal rules, the cost in pounds, and how to avoid the charge when buying a first home.

Anthony Ivahand · · Confirmed
A person holding a clear glass jar filled with coins, with a 'Savings' label visible on it
Collapses & Administrations

Scottish textile company enters administration owing more than £1.5m

Lanfine Limited, trading as The Honesty Works, ceased trading in July with 19 jobs lost. Administrators' papers show the Scottish textile firm owes more than £1.5m.

Amy Irwin · · Reported
A scenic view of Darvel village in Ayrshire, Scotland, with Loudoun Hill visible in the background.
Tax & HMRC

Bolt VAT appeal refused by Supreme Court over £190m bill

The Supreme Court has refused Bolt permission to appeal in its ride-hailing VAT ruling with HMRC, leaving an estimated £190m bill and raising questions over Uber's similar dispute.

Alexander Ingram · · Corroborated
Exterior of the UK Supreme Court building on Parliament Square
Collapses & Administrations · Data

UK high street business closures 2026: crisp and flooring firms fail

Newsquest reports a 54-year-old crisp maker and a 48-year-old flooring firm in administration, while official figures show June company insolvencies 10% below a year earlier.

Amy Irwin · · Confirmed
332 Stores named as closing at four retailers
Tax & HMRC · Explainer

Self Assessment deadline January 2027: HMRC urges early start

HMRC says taxpayers should start their Self Assessment tax return 2027 preparations now. Missing the 31 January deadline brings a £100 penalty, even if nothing is owed.

Alexander Ingram · · Confirmed
Black calculator, pen, and tax documents arranged on white papers against a dark background
Westminster · Explainer

One Login UK government single sign-on ‘probable’ within 18 months

GDS says One Login is 'probable' to cover every central government service within 18 months. Here is what that means for tax, identity checks and your driving licence.

Agatha Ives · · Confirmed
A black and white 'ONE WAY' street sign mounted on a red brick building with two doors
Housing Market · Policy

Kemi Badenoch inheritance tax policy would exempt family homes

The Conservative leader says no one would pay inheritance tax on a family home. Tax experts say the £6bn-a-year plan would mainly help wealthier households.

Anthony Ivahand · · Corroborated
Kemi Badenoch speaking at the Conservative Party Conference 2023 in Manchester
Regulators & Fines · Policy

FCA asks board member to review its handling of whistleblower who died

The FCA has asked a new board member to examine how it dealt with a whistleblower who died, while an all-party group of MPs and a campaign group call for an independent inquiry.

Amy Irwin · · Confirmed
A tall modern office building against a blue sky with white clouds
Tax & HMRC · Explainer

HMRC tax refund: 730,000 went unclaimed, averaging £855

HMRC is checking 45 million PAYE records, and some refunds now have to be requested. Here is how to claim an HMRC tax refund and how long an overpaid tax refund takes.

Alexander Ingram · · Corroborated
A black pen resting on a 2020 Form 1040-ES tax form with lined paper in background
Tax & HMRC

Making Tax Digital: third of landlord software cannot file, firm says

Software firm LetCompliance says 44 of 128 landlord products on HMRC's list cannot yet file the tax return. HMRC's reminder to £30,000 sole traders and landlords is unchanged.

Alexander Ingram · · Confirmed
Person in checked shirt typing on a silver laptop at a desk in an office environment
Renting · Explainer

Landlord database cost put at £327m a year, NRLA warns

The NRLA says private rental sector database fees will cost landlords at least £327m a year, and warns the bill will fall on tenants. Here is what the £65 charge means.

Anthony Ivahand · · Reported
UK lettings agency sign on a building with phone number visible
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