Pure Accounts Management LTD Blog
Latest News and Communications from HMRC
Parents of teens reminded to extend Child Benefit claim online
Parents of 16 to 19 year olds can go online to extend their Child Benefit claim to guarantee payments in September.
HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.25%.
The Bank of England Monetary Policy Committee announced on 8 May 2025 to reduce the Bank of England base rate to 4.25% from 4.50%.
A record 299,419 returns filed in the first week of the new tax year
Nearly 300,000 customers file their Self Assessment tax return for the 2024 to 2025 tax year at earliest opportunity.
Save up to £2,000 a year on childcare for your new school starter
Parents reminded how they can save thousands on the cost of childcare with Tax-Free Childcare.
Innovative ‘collective’ pension funds to deliver higher incomes and lower risks for future pensioners
Pensioners of the future will benefit from innovative ‘collective’ pension schemes to boost their income in retirement and productive investment across the economy, under plans announced today [29 April]
Valuation Office Agency scrapped in government drive to slash inefficiencies
Reforms to cut red tape, make savings, and improve businesses’ experience of the tax system have been set out today (28 April 2025) by Tax Minister James Murray, helping to deliver the Plan for Change by creating the conditi…
One year until Making Tax Digital for Income Tax launches
Making Tax Digital for Income Tax starts in April 2026 for sole traders and landlords with qualifying income over £50,000.
More than half a million more people in line for savings boost
Thousands more are eligible to open a Help to Save account.
UK sanctions Iranian organised crime network
The UK has announced further sanctions to tackle the domestic threat posed by the Iranian regime by sanctioning Iranian-backed, Swedish-based Foxtrot criminal Network and its leader, Rawa Majid, for their role in attacks aga…
Child Benefit boost for millions of families
Child Benefit payments set to increase from 7 April
HMRC late payments interest rates to increase from 6 April 2025
HMRC interest rates for late payments will be increased by 1.5% for all taxes from 6 April 2025.
Informal money transfer businesses must act against criminality
Those who provide these services must register with HMRC to operate legally
Could we be the team for you?
Contact our team today to find out more.