Despite its existing access to data and the huge computing power of Connect, HMRC plans to gather even more financial information. There will no doubt be scepticism over giving HMRC access to even more data without any oversight.

3 minutes

The Government may find it more difficult than expected to deploy a food carbon tax to help meet its climate change obligations in respect of food while simultaneously honouring new terms of trade with our trading partners. An obvious solution is for the UK to produce more of the food we consume. That could offer a huge boost to UK food producers both large and small.

4 minutes

This year, more than usual, making the upcoming 31 January tax payment may be a challenge. People may have chosen to defer the July 2020 tax payment which will now become due or have faced radical drops in income meaning that a 2020/21 payment on account, based on 2019/20 figures, may be far too high.

3 minutes

In recent months HMRC has sent a plethora of letters to taxpayers asking them to check how they have completed past tax returns and, if errors were made, to disclose them now. Alongside these letters, HMRC sent educational reminders to taxpayers to ensure that 2019/20 tax returns are submitted with the correct information. What should you do?

2 minutes