Hmrc

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HMRC collected a record £6.3 billion in inheritance tax over the nine months to the end of December 2024, according to new figures. Inheritance tax receipts reached £6.3bn from 5 April to 31 December 2024, marking an 11%increase on the £5.7bn received in the same period in 2023.

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MPs have accused HM Revenue & Customs (HMRC) of deliberately degrading its phone services to force taxpayers online. The Public Accounts Committee (PAC) found that average call waiting times had soared to over 23 minutes, nearly doubling in two years.

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Around 5.4 million people across the UK are yet to file their tax return, HM Revenue and Customs (HMRC) has warned.

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HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese "burner" companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been said to exploit lax UK registration rules to avoid paying VAT and import taxes, costing the Treasury m

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New figures have revealed a dramatic increase in the number of UK taxpayers facing a 60% tax rate on a portion of their earnings. Data obtained through a freedom of information request to HM Revenue & Customs shows that an estimated 634,000 individuals fell into this bracket in 2023-24, a 45% su

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Summerhall, the Edinburgh Fringe venue facing closure earlier this year, has been issued a winding-up petition by HMRC for unpaid corporation tax. Founder Robert McDowell disputes the claim, stating that tax is only owed on profits and not on investments and asset sales.

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The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can easily exploit weaknesses in government systems, according to a new National Audit Office (NAO) report on tax evasion in retail. As well as raising public funds, reducing tax evasion encourages

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In a move set to benefit younger and less wealthy investors, HM Revenue & Customs (HMRC) has reversed its position on fractional shares in Individual Savings Accounts (ISAs).

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The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed. Just under £18 billion is set to line Treasury coffers for this tax year alone, with nearly 3.6 million taxpayers subject to t

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HMRC has cancelled a record 36,000 late self-assessment penalties last year, a 70% increase from the previous year. This surge coincides with HMRC's customer service hitting an all-time low, with long wait times for taxpayer assistance. Many appeals cited HMRC service issues as a "reasonable excuse"

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Glasgow-based SMEs have been urged to ensure compliance with the national minimum wage (NMW) amid a local crackdown by HMRC. Scotland's largest city is one of the locations being specifically targeted by the tax authority, and businesses found guilty of non-compliance will be ordered to pay NMW arre

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Tax expert Stuart Petrie discusses the heightened scrutiny and increased enforcement efforts by HM Revenue and Customs (HMRC), emphasising the importance of taking any enquiries seriously, the methods used for tax recovery, and the benefits of voluntary disclosures to mitigate penalties and liabilit

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HM Revenue and Customs (HMRC) has awarded Capgemini a contract worth up to £574 million to manage its legacy tax systems until 2029. Extending the French professional and IT service firm's involvement with HMRC, the new contract covers the enterprise tax management platform (ETMP) and enterpri

1-15 of 213 Articles
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