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The Latest Breaking News from HMRC

Premier League clubs face prospect of higher wage bills after budget tax change hits players

Premier League clubs are facing the prospect of higher wage bills after the government’s announcement in the budget that image rights payments will be treated as income from April 2027

The Guardian - UK

New rules set to stop savers getting around reduced £12,000 cash Isa limit

Guidance on the HM Revenue and Customs website said rules will be introduced ‘to avoid circumvention of the lower limit for cash Isas’.

Evening Standard

Bitcoin Price Stays Above $91,000 as UK Faces 34-Day HMRC Crypto Tracking Deadline

UK crypto investors must comply with HMRC's mandatory transaction reporting from January 2026. Platforms will report all trades, as Bitcoin remains above $91,000 during market recovery.

International Business Times UK

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Martin Lewis says Budget cash ISA cut was the ‘wrong move’

Saving expert suggested 'guidance' for young savers instead of limit

The Independent UK

How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance exemptions at £2,000. Here's how the new rule works and who it affects.

International Business Times UK

Rachel Reeves must avoid a ‘Del Boy Trotter’ Budget

Black hole can’t be filled if there are ‘No income tax, no VAT’ rises

Evening Standard

Cash Isa limit cut may not encourage people to invest, finance expert says

Reports suggest that the annual cash Isa limit could be reduced to £12,000 in the Budget.

Evening Standard

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How HMRC and insurance firms make bereavement even harder

Letters: Dr Susan Treagus spotted an error that could have cost her dearly, plus a letter on how to satisfy car insurance algorithms

The Guardian - UK

Top member of Reeves’ Budget team previously backed plans to hit small businesses

Industry leaders say the government ‘would be out of its mind’ to adopt the proposals

The Independent UK

Here’s how you can become an ISA millionaire as numbers hit record high

Some investors now have ISAs worth in excess of £4m

The Independent UK

Holly Willoughby’s media company has winding-up petition dismissed

Roxy Media, directed by Ms Willoughby and her husband, was issued with the winding-up petition by HMRC in January.

Evening Standard

UK consumers warned over AI chatbots giving inaccurate financial advice

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance

The Guardian - UK

HMRC accused of being ‘cavalier’ with finances of child benefit claimants

Thousands of parents had their payments stopped after faulty data suggested they had left the UK and not returned

The Guardian - UK

Call for inquiry after families stripped of child benefit due to flawed travel data

Andrew Snowden MP says government ‘must immediate take action’ on failures of anti-fraud benefits crackdown

The Guardian - UK

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The Guardian - UK

‘I was scared’: parents reveal stress of HMRC’s child benefit errors

From incorrect repayment demands to mistaken claims about emigration or non-existent holidays, those caught in anti-fraud debacle tell their stories

Evening Standard

Biggest stocks and shares Isa accounts worth around 17 times top cash Isas

The data ‘reveals a clear and growing divide between saving and investing’, according to InvestEngine, which obtained figures from HMRC.

The Independent UK

Figures reveal top stocks and shares Isa pots worth huge amount more than cash Isa accounts

Approximately 3,080 ISA accounts held a market value exceeding £1 million in the same tax year

International Business Times UK

HMRC's PAYE Child Benefit System Goes Live – Why Fluctuating Earners Face Overpayment Nightmare in 2025/26

HMRC's new PAYE system for child benefit repayments risks overpayment for fluctuating earners. Commission workers and bonus earners may face double deductions during 2025/26.

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news in one place.

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The Guardian - UK

UK unemployment rises to 5%, the highest level in four years

ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrolls

International Business Times UK

HMRC Child Benefits Crackdown Backfires: 23,500 Families Flagged for 'Leaving the UK' — Even Those on Short Holidays

HMRC wrongly suspended child benefits for 23,500 UK families flagged as abroad, after an automated fraud check misread short trips and travel data.

The Independent UK

HMRC to review suspension of child benefit payments to 23,500 people

Cases are now being reviewed after a growing number of complaints from people who briefly left the UK and returned to find their payments had been stopped

The Guardian - UK

Home Office data in HMRC benefit fraud trial wrong in 46% of cases

Exclusive: Almost half of families flagged as emigrants based on Home Office travel data were still living in UK

The Guardian - UK

UK divisions of ticket resale website Viagogo hit with £15m bill over tax shortfall

Company already under scrutiny on ‘secondary ticketing’ amid outcry over touts using such platforms to exploit fans

The Guardian - UK

How might Reeves increase income tax – and what does it mean for you?

The budget could involve a range of rises – here’s how they would stack up for different levels of income

The Independent UK

The rehabilitation of David Beckham and why being knighted was always part of the plan

IN FOCUS: After almost 20 years of waiting, David Beckham has finally got his knighthood. Katie Rosseinsky explores how this is the latest stage of a canny reputational reboot for the former England captain, who has bonded over the ‘good life’ with the King

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