Pure Accounts Management LTD Blog
Latest News and Communications from HMRC
826,000 families boost finances with childcare savings
Working families encouraged to sign up to Tax-Free Childcare to save up to £2,000 a year per child on their childcare bills.
Retrospective actuarial confirmation of benefit changes
The Government will introduce legislation to deal with issues arising from the Virgin Media v NTL Pension Trustees judgment.
20 million workers set to benefit from new Pension Schemes Bill
Millions of people across the UK will find it easier to manage and get more from their pensions thanks to the Government’s new Pension Schemes Bill.
Pension Scheme reforms to boost benefits and tackle inequality
Changes will mean more money in the pockets of hard-working people when they reach retirement, delivering on government’s Plan for Change
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.
Could we be the team for you?
Contact our team today to find out more.