Hmrc

More than 10.2 million customers filed their 2020/21 tax returns by the 31 January deadline, HMRC has revealed. More than 630,000 customers filed on deadline day and the peak hour for filing was 16:00 to 16:59 when 52,475 completed their Self Assessment. There were 20,947 customers who completed the

Four million customers are yet to submit their completed Self Assessment tax return and pay any tax owed ahead of the deadline on 31 January, HMR has warned. More than 12.2 million customers are expected to complete a tax return for the 2020/21 tax year.

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures published by the tax authority.

HMRC is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns. The deadline for customers or agents filing company tax returns (CT600) is 12 months after the end of the accounting period it c

HMRC is urging businesses to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year. Making Tax Digital is designed to help businesses eliminate common errors and save time managing their tax affairs

HMRC is waiving late filing and late payment penalties for Self Assessment taxpayers for one month, giving them extra time, if they need it, to complete their 2020/21 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, as the department reveals that, of

The liquidators of the Rangers Oldco have revealed that they are hoping to reduce the size of the tax liability owed to HMRC. BDO is disputing about £51 million of the £64.5m which is still being claimed by HMRC.

HMRC blocked less than £30 million of suspect claims in the first year of the coronavirus job retention scheme, while an estimated £5.3 billion was paid out due to fraud and error. The figure, obtained by the Financial Times through a freedom of information request, highlights the trade-

As Black Friday and Cyber Monday approach, HMRC is urging online shoppers in Scotland to avoid being hit with unexpected customs charges. Changes introduced on 1 January 2021 means that consumers who previously had to pay charges when buying certain items from non-EU sellers may now also need to do

Tax debt in the UK is more than double pre-pandemic levels, and the current staffing at HMRC is unlikely to be enough to manage the increased tax debt workload, according to a new report published by the National Audit Office (NAO). As the country went into lockdown in March 2020 HMRC paused most of

As HMRC prepares to issue emails and SMS to self assessment customers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year. Fraudsters use self assessment to try and steal money or personal information from unsuspecting individu

More than 10.7 million customers completed their 2019/20 tax return by 31 January 2021 and 795,300 were from Scotland, HMRC has revealed. The deadline to complete the 2020/21 Self Assessment tax return is 31 January 2022.

According to new HMRC data, a record of £41.3 billion was paid into pensions through tax relief last year, up from £38.2bn in 2019. Almost two-thirds of the relief in the last tax year is on contributions made by employers into occupational and personal pensions for their staff. 

With just 100 days to go until Christmas, HMRC is urging shoppers to ensure they don’t get caught out by unexpected charges when buying from overseas traders. Changes introduced on 1 January this year mean that some UK consumers buying presents for family and friends from EU businesses may now

Scottish businesses should prepare for a flood of letters from HMRC as furlough draws to a close and the UK Government looks to recoup a suspected £7 billion of fraudulent or erroneous Coronavirus Job Retention Scheme (CJRS) claims, according to business advisers Grant Thornton. HMRC is moving