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All of the latest tax and finance information

New Pension Schemes Bill to benefit 20 million workers

The Government’s new Pension Schemes Bill is expected to make it easier for millions of people to manage their pensions, by improving returns, and combining smaller pension pots to create bigger and better pension funds. The benefits of combining smaller pension pots...

Record number of self-assessments sent in first week of tax year

Just under 300,000 self-assessment tax returns were filed in the first week of the 2025/26 tax year, according to HMRC, way ahead of the deadline of January 31, 2026. A total of 299,419 tax returns were filed between April 6 and April 12 – 28,503 more than the same...

Understanding Cash Flow vs. Profit — and Why It Matters

Many small business owners are caught off guard when their business shows a profit on paper—but they’re still struggling to pay bills. The root of this issue? A lack of cash flow management. What Is Cash Flow?Cash flow refers to the actual movement of money in and out...

Changes to umbrella company payments could reduce wages

Umbrella companies are typically used by recruitment agencies to employ workers on temporary contracts, in sectors like IT, healthcare, construction and education. Usually, the contractor or temporary worker will work for a client, the client pays the recruitment...

MPs call on HMRC to address challenges in tax admin

HMRC’s challenges in administering the tax system as it has become increasingly complex have been revealed in Parliament’s Public Accounts Committee (PAC) report, with trust in the agency falling, and costs rising significantly. The simplification of taxation has been...

Tax simplification measures – do they go far enough?

The Government has revealed a package of changes designed to simplify the tax and customs system and to help deliver its ‘Plan for Change’. There are 26 measures included in the changes, plus two administrative measures to strengthen the “integrity of the tax and...