Tax Tips and News
Top earners see an increase in HMRC investigations
Newsletter issue – December 2025 HMRC is intensifying its crackdown on wealthy taxpayers, backed by major government funding, with investigations rising sharply. HMRC's wealthy team launched 13,055 investigations into high earners in the last tax year, a 60% increase compared to 8,110 the year before. Focus is on individuals earning over £200,000 or with assets…Read More
Treasury dealt blow as thousands of EV drivers use tax loophole
Newsletter issue – December 2025 Electric vehicle drivers exploited a loophole to secure another year of tax-free motoring, costing the Treasury millions. Early renewals surged by 1,400% compared to the previous year, costing the Treasury about £30 million in lost revenue. Around 300,000 electric car owners renewed their registrations early with the DVLA before April…Read More
Many risk paying tax twice due to multiple HMRC letter demands
Newsletter issue – December 2025 HMRC has sent multiple tax demand letters to some taxpayers this year. The first letter did not include tax owed on savings interest. A second "simple assessment" letter did include savings interest but also repeated the tax already demanded in the first letter. This risks taxpayers paying twice if they…Read More
Snail farms discovered in London offices in tax avoidance scheme
Newsletter issue – December 2025 Westminster City Council officers found crates of snails in empty central London offices whilst investigating property owners allegedly avoiding tax. The owners claimed they were running "snail farms" to exploit business rate exemptions. There is a tax law loophole whereby agricultural buildings and fish farms are exempt from business rates…Read More
December Questions and Answers
Newsletter issue – December 2025 Q: If I sell my rental property to my tenants at a discount, will Capital Gains Tax (CGT) be calculated on that price or the market value? A: The answer primarily depends upon your relationship with your tenants. If they are not deemed to be "connected persons" (i.e. not relatives,…Read More
December Key Dates
Newsletter issue – December 2025 1st Corporation Tax payments are due for companies with a year-end of 28th February 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC. It is also the deadline for employers operating PAYE to pay…Read More
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