THE LONDON VIP Editorial Team

The editorial team at THE LONDON VIP covers business, tax, property and policy in London and the wider UK, drawing on primary sources such as GOV.UK, HMRC, the ONS and local authorities. THE LONDON VIP is published by DeCaprio Digital Marketing Ltd. Read our Editorial Policy at thelondon.vip/editorial-policy/.

Cryptoassets: common tax mistakes to avoid

Cryptoassets can create unexpected tax liabilities. HMRC’s guidance highlights several areas where mistake can be made.

Assuming crypto-to-crypto exchanges are tax-free. Exchanging one type of cryptoasset for another can count as a disposal for Capital Gains Tax (CGT) purposes.
Forgetting that

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HMRC reveals £42.8 billion outstanding tax debt

HMRC has revealed that it had £42.8 billion in outstanding tax debt at the end of March 2025, equivalent to 5% of total tax receipts. The figures appear in its corporate report, The HMRC tax debt strategy – update.

The report also highlighted progress in recovering unpaid tax, with HMRC resolving

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Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance. This applies whether you receive the State Pension, a workplace pension or a personal pension.

Your total taxable income can include the basic or new State Pension, Additional State

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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

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New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect from the 2025-26 tax year. The changes mainly affect directors of close companies, including many owner-managed and family businesses.

Previously, directors

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Business confidence rises but is it time to invest?

Business confidence across the UK is showing signs of improvement, although many smaller businesses remain reluctant to commit money to new investment.

The latest British Chambers of Commerce Quarterly Economic Survey, published in October 2026, found that 47% of businesses expect their turnover to

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Late payments: Is your business at risk?

Late payment of invoices remains one of the most persistent problems facing UK small businesses, and recent research suggests the situation is becoming increasingly difficult. 60% of UK small and medium-sized businesses report that customers are taking longer to settle invoices than they were a year

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Corporation tax receipts pass £100 billion

HMRC’s latest Corporation Tax statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26.

The main statistics are as follows:

Total receipts from all corporate taxes were £100.4 billion in 2025-26, an increase of £3.5 billion (4%) compared with the

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