Yesterday’s Spring Statement by Chancellor Rachel Reeves outlined several significant tax-related measures as part of the government’s broader effort to modernise the UK tax system and strengthen compliance. The changes will affect individuals, sole traders, landlords, and businesses, particularly those interacting with HMRC’s digital services. Tougher Penalties for Late Tax Payments One of the headline… Continue reading Spring Statement 2025: Key Tax Announcements and What They Mean for UK Taxpayers
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Undeclared Rental Income? Why Now Is the Time to Come Clean with HMRC
If you’re a landlord who has received income from residential property that hasn’t been fully declared to HMRC, now is the time to act, and act wisely. The Let Property Campaign is HMRC’s long-running initiative designed to encourage landlords to bring their tax affairs up to date. It offers those who come forward voluntarily the… Continue reading Undeclared Rental Income? Why Now Is the Time to Come Clean with HMRC
Sajedi v HMRC: Tribunal Rejects SDLT Refund Claim Based on 1% Property Transfers
On 6 March 2025, the First-tier Tribunal (Tax Chamber) ruled against the appellants in Sajedi v Revenue and Customs Commissioners (TC09447), dismissing their claims for Stamp Duty Land Tax (SDLT) relief. The case focused on whether transferring just 1% of an existing property counted as a “disposal of a major interest”, allowing the appellants to… Continue reading Sajedi v HMRC: Tribunal Rejects SDLT Refund Claim Based on 1% Property Transfers
ATED 2025/26 annual chargeable amounts
On 18 March 2025, HM Treasury issued the Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2025 (SI 2025/364). This order sets the ATED annual chargeable amounts for chargeable periods starting on or after 1 April 2025. The annual chargeable amounts are determined in accordance with the following table Annual chargeable amount… Continue reading ATED 2025/26 annual chargeable amounts
UK Suspends Double Taxation Agreement with Russia
The UK government has announced the suspension of the 1994 UK-Russia Double Taxation Convention, following Russia’s unilateral decision to halt key provisions of the treaty in August 2023. Despite the UK’s request for Russia to reinstate its treaty commitments, no action has been taken. As a result, the UK will revoke the legislation implementing the… Continue reading UK Suspends Double Taxation Agreement with Russia