Widespread dissatisfaction regarding HMRC's service levels among both tax agents and taxpayers has been highlighted by a recent survey carried out by the Chartered Institute of Taxation (CIOT). A majority of respondents say that poor service levels make it harder to do business, and that they doubt
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As part of UK Savings Week from 18 to 24 September 2023, HM Revenue and Customs (HMRC) is urging nearly 430,000 young adults aged between 18 and 21 to claim their unclaimed Child Trust Funds (CTFs). Child Trust Funds are long-term, tax-free savings accounts and were set up for every child born
HM Revenue and Customs (HMRC) has paid out over £500,000 to whistleblowers who exposed tax fraud in the last fiscal year – an incremental increase from £495,000 the preceding year, but a significant 75% more than the £290,000 disbursed five years prior, according to law firm
Recent data has revealed that the proportion of HM Revenue & Customs (HMRC) staff working remotely has surpassed the numbers seen at the peak of the first national lockdown.
Scottish businessman Mohammed Ameen Mirza could face jail time after admitting tax evasion. The fifty-eight year old filed fraudlent declarations for his store in Glasgow’s Gorbals and another in Cambuslang, Lanarkshire, in April 2014.
Newly released figures have revealed that the UK government's decision to freeze the inheritance tax threshold could affect almost four times more families than initially expected. The forecast by the HMRC suggests that 49,400 estates will face inheritance tax by 2028, significantly higher than the
Proposals to allow HMRC to test new policies or processes on small groups of taxpayers before rolling out changes to the wider public will not address the real problems around the implementation of new policies or digital services, the Association of Taxation Technicians (ATT) has warned.
HM Revenue & Customs (HMRC) has disclosed that nearly 25% of the funds provided through a multi-billion-pound tax relief scheme, aimed at spurring research and development (R&D) in small to mid-sized companies, was lost to error and fraud between 2020 and 2021. This figure, marking one of th
The annual report of the HMRC Charter, released today, has revealed that poor service levels are hampering HMRC's ability to achieve its Charter standards, according to the Chartered Institute of Taxation (CIOT) and the Institute of Chartered Accountants of Scotland (ICAS). Both institutions are mem
HMRC has levied fines on 184,000 individuals earning less than £12,570 annually for failing to file self-assessment tax forms in a timely manner, during the 2020-21 financial year. This income level exempts people from income tax, yet over 180,000 low-income individuals were penalised despite
The HM Revenue and Customs (HMRC) has reported that the UK tax gap remains steady at 4.8% for the second consecutive year, indicating the difference between the total expected and actual tax paid. In monetary terms, the gap increased from £31 billion in the 2020-2021 tax year to £36bn in
The head of the Association of Chartered Certified Accountants (ACCA) Scotland, Susan Love, has expressed concerns over the deteriorating service standards at HMRC, attributing this to a lack of investment. The decline has strained relationships between HMRC, compliant taxpayers and their agents, ac
HMRC has announced that from Monday it will close the Self-Assessment Helpline for three months, directing taxpayers to its digital services instead. HMRC says this will free up 350 full time equivalent advisers to take urgent calls on other lines and answer correspondence. The Chartered Institute o
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.