Group seeks tougher regulations for ‘consumer protection’.
Personal Tax
Self-assessment threshold increases to £150,000
Fewer PAYE taxpayers will submit returns in 2023/24.
HMRC launches IR35 review
Consultation will focus on risks of double taxation.
HMRC stops sending paper returns automatically
135,000 self-assessment customers filed paper returns last year.
Inheritance tax receipts soar to £6.4bn
February’s inheritance tax take totalled £521 million.
MTD for ITSA delay costs £1.75 billion
The scheme will roll out from 2026.
HMRC overhauls cryptoasset reporting
Changes will apply from 2024/25.
Pension lifetime allowance charge abolished from April 2023
Chancellor aims to bring over-50s back to the workforce.
CGT allowance will halve in April
CIOT urges the Government to publicise the change.
HMRC clarifies IR35 rules for intermediaries and contractors
Rules outline how to determine workers’ employment status.
Confusion over MTD software pricing
Businesses cite pricing and hidden costs as a concern.
Treasury receives £5.4 billion surplus in January
Income tax receipts hit £21.9 billion – the highest take on record.
ICAEW calls for taskforce to tackle HMRC backlog
“Unacceptable delays” are stifling the UK’s economic growth.
HMRC pauses MTD for ITSA pilot
The decision will allow the tax authority to refresh its testing strategy.
HMRC raises interest rates on tax debt
The new penalties will apply from 21 February.
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