HMRC have published their Employer Bulletin for February 2026. Key content includes a new release of HMRC's free Basic PAYE Tool, Benefit In Kind reporting, the new student loan plan, National Insurance Contributions (NICs) for veterans, overseas NICs changes and upcoming reporting deadlines.
Hello,
This week, the government published its ‘Budget Information Security Review’, following the leak in the run-up to last autumn’s Budget. In its report, the National Cyber Security Centre found that in the hour before Rachel Reeves delivered her Budget speech, the content of the OBR’s Economic and Fiscal Outlook was downloaded in full nearly 25,000 times.
In Ifoem Odina v HMRC [2026] TC09767, the First Tier Tribunal (FTT) found that an individual who had been subject to financial abuse from her former spouse, and who had not seen or approved her tax returns, was nevertheless subject to the High-Income Child Benefit Charge. Rental income remained taxable on her, forming part of her Adjusted Net Income, despite the fact that she had not received it.
Last year's November Budget was accessed over 24,000 times before Rachel Reeves addressed Parliament, according to the National Cyber Security Centre (NCSC). It was discovered that the March 2025 Budget had also suffered unauthorised access. As a result, stricter security procedures are to be introduced at both the Office for Budget Responsibility (OBR) and HM Treasury (HMT).
HMRC have released a new policy paper on operational activity following the independent review of the loan charge. HMRC are now reviewing taxpayers' disguised remuneration arrangements and issuing letters to those affected.
HMRC have issued a warning about an email scam, which asks agents to update their Anti-Money Laundering (AML) supervision registration details.
Missed our SME Tax Updates in January? Here is a summary of the month.
Hello,
Now that the 2024-25 Self Assessment deadline has passed, many advisers are starting to look ahead to the next few months when several significant changes in the world of tax will be introduced, not least Making Tax Digital for Income Tax, about which HMRC are currently contacting some affected taxpayers.
With the introduction of Making Tax Digital (MTD) for Income Tax (IT) around two months away, HMRC are now writing to more taxpayers who will be mandated into the regime from 6 April 2026.
HMRC have released Employment-Related Securities (ERS) Bulletin 63, which contains important information on changes to the net settlement reporting requirements for Employment-Related Securities (ERS).
