Hmrc

The way businesses file Value Added Tax (VAT) returns has now changed, as part of Making Tax Digital (MTD), now HMRC is urging businesses in Scotland to join over 1.7 million taxpayers who are already benefitting from MTD to make the change. From 1 April 2022, MTD for VAT became mandatory for all VA

Not a single company has been prosecuted by HMRC under corporate tax evasion powers introduced five years ago. An offence for companies failing to stop those associated with the business from enabling tax evasion came into force in September 2017 under the Criminal Finances Act.

More than 33,600 customers have successfully used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last year.   HM Revenue and Customs (HMRC) is encouraging more customers to use the app, ahead of the 31st July deadline, as it is a quick and easy way to get

British billionaire and former chief executive of Formula One Group, Bernie Ecclestone, has been charged with fraud, allegedly hiding more than £400 million from the UK government.

HM Revenue and Customs has fallen behind with myriad requests, accumulating a significant backlog of taxpayers' refunds, claims and penalty appeals.  An analysis of HMRC's performance shows that targets are not being met in 14 out of 27 service categories, with long phoneline wait times and var

According to new figures published by HMRC, Scotland has outperformed the rest of the UK with total exports up 5.7% for the year ending March 2022. As a whole, when excluding oil and gas, the UK's total exports is down 2.8%.

A total of 323,700 customers are yet to renew their tax credits ahead of the deadline, with HMRC reminding them to do so by 31 July – or their payments will stop. Tax credits help working families with targeted financial support – so it’s important that customers renew before the d

HMRC failed to collect over £30 billion in 2021, according to new figures. Figures published by the tax authority revealed £32bn in tax went unpaid in the 2020-21 financial year. This marks 5.1% of the total that HMRC is owed.

New measures to stop rip-off agents taking advantage of people and pocketing their tax repayments have been proposed by HMRC. HMRC today launched a 12-week consultation “Raising standards in tax advice: Protecting customers claiming tax repayments” to consider ways to better protect taxp

Former Perth accountant Derek Foster, who conned HMRC out of £22,000, is facing jail for failing to pay a court compensation order of almost £19,000.  Mr Foster told Perth Sheriff Court he could not prove he had paid back any money because his brother had been making payments on his

HM Revenue and Customs’ (HMRC) Glasgow regional centre and UK government hub has been formally opened by Jim Harra, HMRC’s first permanent secretary and chief executive. The state-of-the-art building at 1 Atlantic Square, which also accommodates the Cabinet Office’s second headquar

According to a Freedom of Information request by Pinsent Masons, the UK is closely monitoring hundreds of companies that could be using offshore tax havens to reduce their tax bills, under a new system that requires authorities from the British Virgin Islands to the Caymans to share information.

New tax-free childcare statistics from HMRC have revealed that 29,110 families in Scotland received up to £2,000 towards the cost of their childcare during the 2021 to 2022 tax year, up from 20,330 in the previous year. Tax-free childcare provides thousands of eligible working families with vi

Company directors who either commit VAT fraud or fail to demonstrate procedures to prevent VAT fraud in the supply chain are being targeted by HMRC with a trader monitoring campaign shaped by The Kittel Principle. This principle defines whether a director has been fraudulent, knew about a fraud or,

Hamilton man James McGee, a retired tax inspector who stole a dead man's identity to carry out a £170,000 VAT fraud, has been jailed for two and a half years. James McGee, 66, utilised his forty years of expertise to obtain false payments from HMRC.