HMRC

Latest news

Image for tax investigations reel 28 more 2024

Tax | Tax investigations reel in 28% more in 2024

Extra funding for HMRC has raked in £45.7bn in tax probes in 2024, a £10bn rise from the previous year, while over £10bn more in VAT may yet be recovered from large businesses

13 Jan 2025

Tax | HMRC loses £500k a day after spirit duty hike

The Scottish Whisky Association has said the Treasury has been losing half a million pounds every day since the excise duty on Scotch Whisky and spirits was increased in August 2023 by 10.1%

10 Jan 2025

Tax

Business Tax

HMRC

Tax | HMRC strikers set eight dates for action against sackings

Members of the Public and Commercial Services Union PCS) have confirmed eight days of strike action affecting HMRC offices at Benton Park View in Newcastle

9 Jan 2025

Tax | HMRC charges interest when no tax is due

The Chartered Institute of Taxation (CIOT) is lobbying the government to address unfair tax rules as HMRC interest rates on late payments rise

8 Jan 2025

Tax | How to avoid pitfalls when completing a tax return

With only three weeks until the deadline for self assessment tax returns, Cheryl Sharp FCCA, CEO at Pink Pig Financial gives her top tips on how to make the process as stress free as possible

8 Jan 2025

Tax | Over 90k people filed tax returns over Christmas break

HMRC statistics have shown that 92,800 people decided to spend their Christmas break completing their tax return

6 Jan 2025

Tax

Personal Tax

HMRC

Image for russian hedge fund manager loses ps500k sdlt battle

Tax | Russian hedge fund manager loses £500k SDLT battle

A London building was bought for £5.75m in 2021 by Andrei Tretyakov which he contended was not fully residential at the time of purchase, despite having a wine cellar and sauna in the commercial area

6 Jan 2025

Tax | Businesses to pay 60% more in NICs per employee

An employee on minimum wage is set to cost an employer £2,583 more per year due to upcoming rises in employer’s National Insurance and minimum wage

3 Jan 2025

Tax

Employment Tax

HMRC

Tax | HMRC launches R&D tax disclosure service

HMRC has set up a special R&D disclosure scheme for companies which have made excessive claims and are out of time to amend corpation tax returns

3 Jan 2025

Tax | Labour’s private school VAT raid begins

Labour’s addition of VAT on private school fees came in from 1 January with many parents having to cough up thousands of pounds if their schools decide not to cover the increase

2 Jan 2025

Tax | HMRC received 40k tax returns for Christmas

As the self assessment deadline looms closer HMRC had a festive win with over 4,000 people filing their tax return on Christmas Day itself

2 Jan 2025

Tax

Personal Tax

HMRC

Image for 1k spike individuals revealing offshore income

Tax | 1k spike in individuals revealing offshore income

HMRC nudge letters convinced 22% more people to come forward with their offshore assets in 2024

2 Jan 2025

Tax | HMRC catches up with Spice Garden over £250k tax bill

The owner of an Indian restaurant has been slapped with a bill for over £250,000 after HMRC officers witnessed staff hiding cash under the till

24 Dec 2024

Tax | IT mistake at HMRC leads to VAT penalty blunder

An error with IT systems at HMRC has led to VAT returns filed on 7 December not being registered leaving many with penalties against their businesses

24 Dec 2024

Tax

VAT

HMRC

Tax | HMRC Newcastle staff go on strike

Hundreds of HMRC staff in Newcastle have kicked off eight weeks of strike action which will affect phone lines used by employers and the construction industry scheme

24 Dec 2024