Hmrc

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An increasing number of wealthy families in the UK are making more claims for inheritance tax repayments under a little-known rule that allows refunds on share and property losses. Under the rule, executors are allowed to apply for IHT refunds on losses made ont he sale of inherited securities, incl

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The UK Government is considering calls to waive fines for late tax returns this year but has ruled out an official extension to the January 31 filing deadline. Campaigners have argued that a third national lockdown has "changed the playing field" and increased further pressure on freelancers and sma

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A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club. Sources in the financial sector told The Times that it appeared the bill was likely to be reduced further as liquidators said they were having “positive discussions” w

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A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club. Sources in the financial sector told The Times that it appeared the bill was likely to be reduced further as liquidators said they were having “positive discussions” w

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Two Scottish men involved in creating false invoices as part of a £45,000 tax fraud have been sentenced. David Paterson of Scone collaborated with his accountant Kevin Sinclair of Kirkintilloch to reclaim VAT they weren’t due, an HM Revenue and Customs (HMRC) investigation revealed.

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HM Revenue and Customs (HRMC) has urged Scotland's 706,000 self assessment customers not to miss the 31 January deadline. The 2019-20 tax return can be finalised at any time up to the deadline but HMRC is encouraging customers to complete it early to allow for more time to pay their tax bill or set

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The UK's inheritance tax (IHT) take on gifts has increased for three consecutive years, according to new figures. The number of estates liable for IHT on gifts rose from 873 estates in 2015/16 to 920 in 2016/17 and then 993 in 2017/18, FT reports.

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HM Revenue and Customs (HMRC) and the Advertising Standards Authority (ASA) have launched new action to cut out misleading marketing by promoters of tax avoidance schemes. The joint enforcement notice aims to disrupt the activity of promoters and protect people from being presented with misleading a

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HMRC has lost £31 billion to fraud and error, according to annual accounts published yesterday.  However, the figures have indicated that this is the lowest amount ever reported by the tax authority. 

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UK businesses suffering from the effects of COVID-19 could be stifled further when HMRC becomes a major creditor when firms go bust, according to Simon Rothenberg, a manager at tax and advisory firm Blick Rothenberg. In a move that they hope will generate £185 million, HMRC will

76-90 of 139 Articles
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