Hmrc

HM Revenue & Customs may have paid out up to £3.5 billion in furlough money on fraudulent or mistaken claims, it was revealed on Monday.

HMRC is to contact 3,000 companies across the UK every week over concerns that they have over-claimed for employees furloughed through the Coronavirus Job Retention Scheme (CJRS). Since the scheme launched in April, over 1.2 million employers have applied to the scheme, protecting around 9.6 mi

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform, according to chart

UK banks have backed calls for a student loans-type repayment scheme for firms who have received coronavirus support loans to ensure struggling companies can make loan repayments. 

HM Revenue and Customs (HMRC) has sent out more than one million tax credit renewal notices with incomplete information to addresses across the UK. When the automatic renewal notices were sent out, 1.2 million of them did not include income details which are usually clearly stated on the document.&n

HM Revenue & Customs’ (HMRC) specialist ‘task forces’ have collected £540 million in extra tax revenue for the UK authority in the last financial year, according to research by Pinsent Masons. The amount collected by the task forces in 2019/20 was broadly level with that

Throughout the first quarter of this year, £2.5 billion was withdrawn from pensions flexibly, marking a 19% increase from the £2.1bn recorded last year, according to the latest data from HMRC.

Those with offshore assets, income or gains are being treated differently from other taxpayers in terms of HMRC’s approach to the impact of COVID-19 warns tax and advisory firm Blick Rothenberg. Fiona Fernie, a tax risk and dispute resolution partner at the firm, said: “&n

HMRC is homing in on inheritance tax avoidance by wealthy families through the creation of a secret unit which will investigate the ways in which investment companies are used to reduce bills.

HMRC workers in Dundee have accused the Scottish Government of betraying them by failing to offer them "early access" to job vacancies with Social Security Scotland (SSS).

Nine businesses are being probed by HMRC for potential breaches of the new corporate criminal offence of failing to prevent the facilitation of tax evasion, with 21 other potential cases under criminal review. Tax experts at Pinsent Masons said that the figures should act as a wake-up call to S

Scottish salmon exports have risen by 22% on the previous year to reach a record £618 million, according to the latest HMRC statistics.

The Scotch Whisky Association (SWA) has revealed industry export figures for 2019, showing worldwide growth.

HMRC has highlighted ten of the weirdest excuses and expense claims it has received in the last decade. The top ten most bizarre excuses and questionable expenses claims for items, in reverse order, are:

It is likely that the British Treasury will have to refund billions of pounds to freelance workers after it announced that it was minimising its crackdown on tax avoidance after it faced criticism in an official report.