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Corporation tax receipts pass £100 billion
HMRC’s latest Corporation Tax statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26.
The main statistics are as follows:
Total receipts from all
New customs system for Northern Ireland trade
Businesses using the Trader Support Service (TSS) to move goods between Great Britain and Northern Ireland need to prepare for a new platform launching soon. From 20 October 2026, all goods movements
Reporting property gains
Anyone selling a UK residential property usually needs to report the disposal to HMRC within 60 days of completion. The requirement applies even where the individual is not normally required to report
Capital allowances restricted for project development costs
The tax treatment of predevelopment costs has been the subject of a recent Supreme Court decision. This is likely to mean that capital allowances will be restricted for some predevelopment costs. The
HMRC targets undeclared medical consultancy income
HMRC is writing to individuals it believes may have failed to declare consultancy income from private healthcare providers on their self-assessment tax returns. The letters follow information received
New vaping tax now in force
A new excise duty on vaping products came into force on 1 October 2026. Vaping Products Duty (VPD) applies to vaping liquids manufactured in, or imported into, the UK, whether or not they contain
Flat fees and part-time workers: why “sole cause” no longer protects employers
A part-time private hire driver challenged a flat weekly fee his company charged for access to its booking and dispatch system. Because the fee did not vary with hours worked, part-timers paid far
Are grid delays holding back investment?
A business may have the finance, premises and customers for an expansion project, yet still face another obstacle: obtaining enough electricity.
The Government has announced Great British Grid, a new
New digital rules for tracking waste
A new system for recording waste movements came into operation on 1 October 2026.
The first phase of mandatory digital waste tracking applies to permitted or licensed sites receiving controlled waste
HMRC publishes latest deliberate tax defaulters list
HMRC has published an updated list of deliberate tax defaulters. The list includes individuals, businesses and companies, detailing the amounts on which penalties are due and the exact penalties
Corporation Tax when you sell business assets
A limited company usually pays Corporation Tax on the profit, known as a chargeable gain, when it sells or otherwise disposes of a business asset.
Business assets can include land and property,
Voluntary National Insurance contributions could be reformed
The government is considering changes to the voluntary National Insurance contributions (NICs) system following a call for evidence published earlier this year.
Voluntary NICs allow individuals to
