Airbnb, the popular online holiday let platform, has come under scrutiny from HM Revenue & Customs (HMRC) in an extensive tax investigation dating back to the 2017-18 financial year.
The UK government is considering an update to the Direct Recovery of Debts (DRD) legislation that would enable HM Revenue & Customs (HMRC) to seize cryptoassets from businesses evading tax.
HMRC raised a record £7.1 billion from inheritance tax from April 2022 to February 2023, according to new figures. The sum stands at £1 billion more than in the same period a year earlier, continuing a recent upward trend.
A 71-year-old fish firm boss, Raymond Esslemont, who dodged £295,599.97 in taxes, has been deemed as too unwell for jail and may serve his punishment by completing woodwork projects from home.
HM Revenue & Customs has admitted to the Commons public accounts committee that it had allowed 11,000 Chinese firms to register for VAT at a single residential flat in Wales without verifying who lived there. The scam was discovered after the flat owner received thousands of letters demanding mo
Sports presenter Gary Lineker has won an appeal against HMRC's accusation of avoiding £4.9 million in unpaid tax. The UK government had claimed that Lineker had avoided taxes by paying so-called “disguised employees”, who charge for their services through a company.
The UK government has announced that the maximum jail sentence for tax fraud will double from seven to 14 years for the most "egregious" forms of evasion. The Treasury announced the change in last week's spring budget and said it will consult on the introduction of a new criminal offence for pr
The Chartered Institute of Taxation (CIOT) has urged the government to review “unfair” repayment interest rates, with taxpayers facing late payment bills from HMRC up to 17 times higher than what is returned to those who have overpaid. HMRC generally charges interest on late payment at t
A significant settlement will see hundreds of thousands of pounds recovered by the Civil Recovery Unit from an East Lothian businessman linked to unpaid tax. Goljar Singh, 44, will relinquish £600,000 under proceeds of crime legislation following an agreement with the Civil Recovery Unit (CRU)
HM Revenue and Customs (HMRC) has revealed that a record 11.7 million customers submitted their tax returns on time.
Around 30,000 HM Revenue and Customs' (HMRC) staff will vote today on possible strike action amid plumetting morale and staff cuts. Any strike action is likely to take place in the spring with customer services, tax and anti-fraud investigations as well as work at customs checking centres all potent
The Institute of Chartered Accountants of Scotland (ICAS) has welcomed the announcement of new measures to protect consumers who use tax repayment agents and the publication of an updated HMRC standard for agents. This follows a consultation last year.
Troubled UK government plans to digitise the income tax self-assessment process are being delayed for a further two years, according to reports. Making Tax Digital for Income Tax Self Assessment (MTD ITSA) was set to be introduced from April 2024 but the government is expected to announce the deadli
A staggering £9 billion in revenue was lost by HM Revenue & Customs (HMRC) during the pandemic due to the redeployment of thousands of tax compliance staff to other departments, a report has found. The National Audit Office (NAO) today published its report on tax compliance during and foll
HMRC has missed an estimated 99,000 calls when its phone lines went down during an outage last week. Callers were unable to reach HMRC for a period of four days from the afternoon of Thursday December 1 until Monday December 5. The department also had to shut some online services during this time.