All the updated news related to HMRC

All the news related to HMRC updated in real time

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Scotland

No evidence Scotland’s higher tax rates have increased evasion – Auditor General

There is no evidence that higher rates of tax in Scotland compared to England has affected how many people pay their taxes north of the border, the UK’s Auditor General has said. The head of the National Audit Office (NAO), Gareth Davies, told a ...

03 Feb 2022 at 15:26

City

UK has around 2,000 ‘Isa millionaires’, figures show

The UK has around 2,000 “Isa millionaires”, sitting on pots worth an average £1,412,000, HM Revenue and Customs (HMRC) figures show. Within the total, around 60 investors hold pots amounting to more than £3 million, according to the data ...

19 Jan 2022 at 08:25

City

Wise boss under investigation by City watchdog after tax breach

The billionaire co-founder and chief executive of Wise is being investigated by the City watchdog over his status as a so-called deliberate tax defaulter, the money transfer group has revealed. Wise said the Financial Conduct Authority ...

27 Jun 2022 at 09:17

Personal Finance

Couples urged to say ‘I do’ to marriage allowance

Married couples and those in civil partnerships are being urged to say “I do” to the marriage allowance. At the height of the wedding season, HM Revenue and Customs (HMRC) is reminding couples about the allowance, which allows married ...

02 Aug 2022 at 14:33

HMRC scraps plans for new inland border facility in Dover

Plans for a new inland border facility (IBF) in Dover will no longer go ahead, HM Revenue & Customs (HMRC) has announced. It was hoped a new facility, located at a business park off the A2 in Kent, would see millions of pounds of ...

16 Jun 2022 at 18:01

Sajid Javid dismisses tax affairs claim as Labour ‘smear campaign’

Sajid Javid has dismissed allegations that he potentially avoided paying hundreds of thousands of pounds in British tax before entering politics as “typical smear attacks” from Labour. Shadow health secretary Wes Streeting has ...

08 Jun 2022 at 12:31

Personal Finance

Tax credit claimants to receive second cost-of-living payment from November 23

More than one million households receiving tax credits, and no other means-tested benefits, will get their second cost-of-living payment from November 23, HM Revenue and Customs (HMRC) has confirmed. This £324 payment will be ...

20 Oct 2022 at 12:46

Personal Finance

Online payment plans set up by nearly 21,600 self-assessment taxpayers

Nearly 21,600 self-assessment taxpayers have set up a plan since April 6 this year to spread the cost of their tax bill, HM Revenue & Customs (HMRC) has said. These people were unable to pay what they owed in full and so set ...

08 Nov 2022 at 13:23

House sales held steady last month but experts warn of ‘looming storm’

House sales held steady in October, with the volume of transactions increasing by 2% month-on-month, according to HM Revenue and Customs figures. An estimated 108,480 sales took place, which was also 38% higher than in ...

22 Nov 2022 at 13:12

Rugby Union

Worcester’s owners hit out at players and fans as crisis club faces mass exodus

Worcester’s owners have taken a swipe at the club’s players and supporters as the crisis surrounding the Gallagher Premiership side deepened. Colin Goldring and Jason Whittingham issued a statement in response to an ...

30 Sept 2022 at 22:31

Zahawi under severe pressure after Sunak orders investigation into tax affairs

Rishi Sunak has ordered a potentially far-reaching investigation into Nadhim Zahawi as he defied calls to sack the Tory party chairman over the multimillion-pound tax dispute he resolved by paying a penalty. The ...

23 Jan 2023 at 13:57

Zahawi inquiry could conclude quickly amid pressure on Downing Street

The investigation into Nadhim Zahawi may conclude in as little as 10 days, according to some suggestions, as Downing Street continues to face pressure over the Tory chairman’s tax affairs. Rishi Sunak has ...

26 Jan 2023 at 09:53

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