Faulty AI Advice Causing Financial Losses for UK Businesses
Half of UK accountants report clients losing money due to AI-generated financial errors. As HMRC ramps up enforcement, experts warn of severe consequences without professional oversight.
Category : Search result: HMRC threshold
Vinted Sellers Face Tax on Earnings Over £1,000
Millions of Vinted users are unaware they must pay tax on sales over £1,000. Learn the rules to avoid a surprise bill from HMRC and keep your side hustle profitable.
Recruitment Firm 'Phoenixism' Costs Taxpayers Millions
An investigation reveals how 'pre-pack' administrations allow directors to shed tax debts and resurrect businesses, costing the exchequer an estimated £840m annually. Read the full analysis.
Bitcoin Tax UK: Paying HMRC on Crypto Gains
A UK investor made over £7,000 in Bitcoin. Learn if you must pay tax on cryptocurrency returns, how to declare to HMRC, and key deadlines. Act now to avoid penalties.
HMRC insists woman is dead due to NI number error
A woman is told she is 'deceased' after HMRC allocates her NI number to a stranger who died. She faces an 86-week wait and pension chaos. Read her shocking story.
2026 Tax Crackdown: HMRC's £555m Enforcement Boost
Experts predict a surge in HMRC enforcement actions in 2026, driven by a £555m investment to close the tax gap. Discover the key trends, from AI audits to global tariffs.
New Year State Pension & Benefit Payment Dates Changed
The DWP and HMRC have announced changes to State Pension and benefit payment dates over New Year. Find out if your money is arriving early and the key dates you need to know.
Labour U-turns on inheritance tax after farmer backlash
The Labour government raises the inheritance tax relief threshold to £2.5m following a year of protests from rural communities. Find out how the policy changed.
HMRC wrongly stopped child benefit for 15,000 parents
New figures reveal HMRC's anti-fraud crackdown wrongly targeted 15,000 legitimate UK families. Discover the full scale of the fiasco and its impact.
DWP and HMRC Christmas 2025 Payment Dates
Full guide to when state benefits and pensions will be paid over the festive period. Check dates for Universal Credit, PIP, Child Benefit and more to manage your budget.
Oldham RLFC hit with HMRC winding-up petition
Oldham RLFC faces compulsory liquidation over unpaid tax bills, following Salford Red Devils' collapse. Read the latest on rugby league's financial woes.
Morrisons loses £17m VAT fight on rotisserie chicken
A High Court ruling means Morrisons faces a £17m tax bill after judges decided its rotisserie chickens are subject to the 20% 'pasty tax'. The supermarket argued most are eaten cold.
HMRC warns Christmas side hustle sellers on tax
HMRC issues a festive warning to individuals selling goods online this Christmas. Learn about the £1,000 trading allowance and how to avoid a tax bill.
Budget changes to hit millions using salary sacrifice
New HMRC figures reveal over 3 million pension savers will be impacted by salary sacrifice reforms. Discover how the £2,000 cap from 2029 affects your retirement savings.
Paragon Banking eyes M&A after capital rule change
Paragon Banking Group's CEO Nigel Terrington signals acquisition plans following a key regulatory reform. The lender's results show profit growth but rising provisions for motor finance and development loans.
Public patience with Labour runs out over budget, poll shows
Exclusive City AM polling reveals deep public discontent with Labour's budget, with most seeing tax threshold freezes as a broken manifesto promise. Discover the full fallout.
74% of Crown Court Cases Could Lose Jury Trial Right
Sky News analysis reveals up to 74% of crown court trials could be decided by judges alone under new justice reforms aimed at tackling the 80,000-case backlog. Explore the data.
Majority of voters demand Chancellor resign over Budget
Exclusive polling reveals a majority of UK voters believe Chancellor Rachel Reeves broke Labour's manifesto and should resign over her controversial Budget. Read the full verdict.
Reeves Denies Misleading Public Over Budget Finances
Chancellor Rachel Reeves defends her Budget decisions amid criticism over tax rises and fiscal headroom. Discover how £16bn downgrade shaped the economic plan.
Winter Fuel Payment: £35k Income Repayment Rules
Pensioners earning over £35,000 may need to repay Winter Fuel Payments. Learn about eligibility changes, repayment rules, and how to avoid penalties.
Cash ISA limit cut to £12,000 from 2027
HMRC reveals new rules to stop savers bypassing the reduced £12,000 Cash ISA limit from April 2027. Includes plans for a simpler first-time buyer ISA.
New 45% Tax on Footballers' Image Rights from 2027
Chancellor's budget reveals image rights will be taxed as income from 2027. Premier League clubs face potential wage bill surge as players seek compensation. Full analysis.
State Pension to increase by over £550 from April
UK state pension set for £550+ annual rise under triple lock, bringing pensioners closer to income tax threshold. Discover the financial implications.
Tax Threshold Freeze Extended: Calculate Your Bill
Chancellor Rachel Reeves extends the tax threshold freeze until 2031. Use our calculator to see how much more tax you will pay as your salary increases.
Tax freeze hits low earners harder than rate rise
Resolution Foundation analysis reveals Rachel Reeves's budget tax threshold freeze will disproportionately impact lower-income households. Discover the full economic consequences.
Reeves defends budget as think tanks raise concerns
Chancellor Rachel Reeves faces scrutiny over Labour's tax manifesto pledge as leading think tanks question budget decisions. Follow live updates and analysis.
Budget 2025: Winners and Losers Revealed
Chancellor Rachel Reeves unveils her 2025 Budget. Discover how tax thresholds, the minimum wage, and benefit changes impact your finances. Listen to the Sky News Daily podcast for expert analysis.
Loan Charge: Third to have debts wiped away
Government announces major loan charge reforms, wiping debts for thousands and cutting bills by half. Find out how the £365m budget decision affects you.
Budget: £10bn Tax Gap Plan with US Whistleblower Scheme
Chancellor Rachel Reeves unveils a US-style whistleblower scheme to close the tax gap, targeting an extra £10bn by 2029-30. Discover the new HMRC powers and enforcement measures.
Bereavement penalty hits insurance and HMRC victims
Widows reveal shocking bereavement penalty practices by insurers and HMRC, including premium hikes and automated tax errors that slash incomes. Learn how to protect yourself.
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