Legal Financial Controllers

UK importers, get ready: a new carbon tax on certain goods starts in 2027. Could this reshape how businesses trade carbon-heavy products? Read on to see if it affects you.

UK carbon border tax starts January 2027 | Legal Financial Controllers Businesses importing certain carbon-intensive goods into the UK will face a new carbon tax from 1 January 2027, when the Carbon Border Adjustment Mechanism (CBAM) comes into effect.

HMRC is reaching out to trustees about possible errors in trust tax returns. If you get a letter, double-check your details and act accordingly. Read on to find out why this matters and what you should do next.

HMRC contacting trusts over tax return errors | Legal Financial Controllers HMRC is contacting some trustees after identifying possible errors in recent Trust and Estate tax returns relating to the type of trust being reported.

Millions of adults in the UK haven't checked their State Pension forecast — could you be missing out on key info? Find out why it matters now and how easy it is to check your forecast online or through the HMRC app. Give your retirement planning a quick health check today. Read on to see what you need to know.

Check your State Pension forecast now | Legal Financial Controllers A new press release from HMRC is highlighting the fact that almost 7 million UK adults could be heading towards retirement without knowing how much State Pension they may be entitled to. New research has found that around one in eight adults (12.5%) have never checked their State Pension forecast. 

Could your next UK holiday cost a little more? Some areas in England might soon add a tourist tax based on accommodation costs. Local leaders will decide if and how it's applied, aiming to fund public projects close to home. Wonder what that might mean for your travel plans? Find out why this change could be on the horizon.

Could your area introduce a tourist tax? | Legal Financial Controllers Mayors and local leaders in England are to be given powers to introduce an overnight visitor levy, creating a new charge for people staying in short-term visitor accommodation.

Important update for employers with globally mobile staff: new payrolling rules for benefits in kind mean you can opt out certain employees from mandatory payroll reporting. This could change how you handle company cars, vans and medical benefits. Find out why it matters for your business and what you need to do next.

Benefit payrolling rules clarified for overseas employees | Legal Financial Controllers HMRC has clarified how employers can handle benefits in kind for globally mobile employees as mandatory payrolling is introduced from April 2027.

Alert: HMRC is sending out 1.8 million Simple Assessment letters soon. If you get one, it could impact how you pay tax on pensions or extra income. Find out why it matters and what you need to check right away.

HMRC sending 1.8m Simple Assessment letters | Legal Financial Controllers Some taxpayers have already started to receive Simple Assessment letters from HMRC for the 2025-26 tax year, with a further tranche due to be sent between October and December 2026.

Winter Fuel Payment opt-out deadlines are coming soon for pensioners in England, Wales, and Scotland. If you want to refuse the payment this winter or future years, make sure to check your deadlines and options now. Find out why this matters and how to act before time runs out.

Winter Fuel Payment opt-out deadline approaches | Legal Financial Controllers Pensioners who do not want to receive the Winter Fuel Payment for winter 2026–27 have until September to opt out. The payment will be recovered through the tax system from those whose total income exceeds £35,000.

Big changes are coming for crypto taxes! Government plans new rules on stablecoins, loans, and liquidity pools to bring clarity. Curious? Read on to see what these mean for your crypto holdings and how they might affect your returns from April 2027.

Tax rules for cryptoassets set to change | Legal Financial Controllers The tax treatment of some crypto assets is set to change under draft legislation for Finance Bill 2026–27. The proposed changes include new rules for qualifying stablecoins, crypto asset loans and liquidity pools.

A major change is coming to va**ng products this October. Businesses need to prepare now for new duty stamps and compliance rules. Could this affect your local v**e shop? Find out why the clock is ticking for manufacturers, wholesalers, and retailers alike. **ng

New duty on va**ng products starts in October | Legal Financial Controllers Businesses in the va**ng sector are reminded that the new Va**ng Products Duty and the Va**ng Duty Stamps Scheme will take effect from 1 October 2026. HMRC is urging manufacturers, importers, wholesalers and retailers to make sure they are ready for the introduction of the Va**ng Products Duty and t...

Alert: HMRC plans to recover persistent tax debts automatically from UK bank accounts after multiple collection attempts fail. Could this affect you or your business? Find out why this change matters and what safeguards are in place.

HMRC targets persistent tax debts | Legal Financial Controllers HMRC is reviewing proposals to introduce new powers for recovering lower-value, persistent tax debts from individuals and businesses that repeatedly fail to engage with collection efforts. The proposals, set out in a public consultation earlier this year, would allow HMRC to recover debts through af...