Self-employed traders with profits below the small profits threshold can still pay class 2 National Insurance contributions (NIC) to top up their state pension eligibility, says ICAEW

A record 11.7 million people submitted their tax returns on time, but over 300,000 taxpayers missed the self assessment deadline

With a few hours to go until the deadline, HMRC is urging more than two million taxpayers to get their self assessment tax return done

In this week’s Q&A, Julian Payne, tax advisor at Croner-i, explains the key issues to consider when preparing year end accounts after changing the year end from December to June

HMRC needs to improve compliance capability to crack down on abuse of the research and development (R&D) tax credit system, says influential House of Lords Economic Affairs Committee

A director has lost a First Tier Tribunal (FTT) appeal over a dispute regarding late filing penalties between 2017 and 2018, which were filed more than 1,000 days late  

Charities are calling for more automation of the Gift Aid claims system to reduce red tape and stop repetitive entering of donor details 

The former Chancellor Nadhim Zahawi has been sacked as chairman of the Conservative party following an ethics inquiry into the handling of his tax affairs

HMRC has updated the guidance on how accountants can use digital handshakes to access the income record viewer

Chancellor Jeremy Hunt has outlined plans to boost the UK economy while stressing that tax cuts will not happen until inflation is under control

Tax agents are frustrated by the lack of consistency in the quality of HMRC advisers and want to see client tax records merged into a single sign-on account to reduce complexity

Any sole traders or partnership members who received support from the government’s Self Employed Income Support Scheme (SEISS) during Covid must include details on tax returns