Archive:September 2025

Please find below all the articles from September 2025.

Car tax update sees a 400% hike in costs for some

Monday, September 1, 2025

Since April 2025, HMRC has reclassified double cab pick-up trucks as cars rather than commercial vehicles.
Previously, pick-ups with payloads over 1,000kg were taxed as commercial vehicles, allowing drivers to pay a fixed Benefit-in-Kind (BiK) rate – regardless of luxury
level. These vehicles will now be taxed based on CO₂ emissions, placing many in the highest tax brackets due to their size and poor aerodynamics.

Only double cab models with rear seats are impacted; single cab commercial variants remain unaffected. For example: a Ford Ranger…

Chancellor considers a new property tax to replace stamp duty

Monday, September 1, 2025

Chancellor Rachel Reeves is exploring a new proportional property tax targeting homes worth over £500k.
This would replace stamp duty for owner-occupied homes, but not for second homes. The tax would be paid upon sale, with rates set by central government and
collected by HMRC.

Officials are also studying a local property tax to potentially replace council tax in the future. This tax reform would likely require Labour to win a second
term, as implementation would take longer. The move aims to tap into the…

Revealed – UK’s biggest deliberate tax defaulters

Monday, September 1, 2025

HMRC has named over 4,000 deliberate tax defaulters since 2015, collectively owing more than £1.5 billion.
These individuals or firms were penalised for deliberate errors in tax returns or failing to meet tax obligations. Here is the sector breakdown:

Hospitality: 21% of defaulters (e.g. takeaways, pubs, cafes).

Construction & Trades: 19% (e.g. plumbing, plastering).

Recruitment/Payroll firms: 5 of the top 10 defaulters, owing £145 million.

Haulage & Freight: 112 defaulters owing £33.5 million.

Metals & Recycling: Notably concentrated in Yorkshire, with £60.4 million owed.

Other sectors include adult entertainment (£783k)…

A new ’10p tax’ suggested to the Chancellor… by a billionaire

Monday, September 1, 2025

John Caudwell, billionaire and Phones 4u founder, has urged Chancellor Rachel Reeves to introduce a 10p per
litre tax on petrol and diesel. He claims this could raise £20 billion for the Treasury and help avoid other unpopular tax hikes. His rationale behind the proposal
is that fuel prices have dropped from ~190p to ~140p per litre, creating what Caudwell sees as fiscal ‘headroom’ for taxation.

It is true that fuel is now cheaper in real terms than at any point in the past 20…