Monthly Archives: November 2026

Import tariff relief extended for businesses

Businesses importing certain goods into the UK have received welcome news following the government’s announcement on 23 October 2026 that existing import tariff suspensions on more than 250 products will be extended. The measures are intended to reduce costs for businesses using imported materials and components, particularly in industries where suitable domestic alternatives may be […]

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it through PAYE rather than completing a self-assessment tax return solely to report the charge. The HICBC applies where an individual or their partner receives Child Benefit and the individual’s adjusted net income exceeds £60,000. The […]

HMRC introduces faster National Insurance refunds

HMRC has introduced an automated payment process to speed up refunds for people who may have overpaid National Insurance contributions. The process has been in use since early summer, according to HMRC’s latest Agent Update. HMRC will write to people it identifies as potentially having overpaid, providing details of their past employment and National Insurance […]

New HMRC tax assessments for savings interest

HMRC is beginning to issue tax calculation letters (P800) and Simple Assessment notices (PA302) to collect any tax owed on bank and building society interest earned during the 2025-26 tax year. Some taxpayers may already have received a Simple Assessment for the 2025-26 tax year that did not include their savings interest. If HMRC subsequently […]