Ladbrokes’ luck runs out in £71 million tax avoidance case
Ladbrokes has lost a long running legal battle with HM Revenue and Customs (HMRC), costing the high street bookie £71 million.
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Tougher penalties as taxman steps up the fight against tobacco smuggling
Hard-core tobacco smugglers and people who repeatedly smuggle, distribute and sell illicit tobacco could be hit by a fourfold increase in fines together with tough new civil penalties, as part of plans to crackdown on the smuggling of illicit tobacco.
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Digital tax revolution moves a step closer
More information has been published today on how businesses, the self-employed and landlords will benefit from government plans to modernise the tax system.
Following extensive consultation, with more than 3,000 responses over the last eight months, HMRC has issued in-depth details on how digitising the tax system through its flagship Making Tax Digital project will help millions of businesses -
HMRC responds to PAC report on High Net Worth Individuals
In response to the Public Accounts Committee's report 'Collecting tax from high net worth individuals' released on 27 January 2017, HMRC has issued the following statement:
“The vast majority of people in the UK pay all the tax they owe and today the top one per cent of earners pay more than quarter of all income tax. There is absolutely no special treatment for the wealthy, and in fact we give -
HMRC releases most optimistic Self Assessment expense claims
Ahead of the 31 January deadline, HMRC has released its latest list of the most outlandish items which have been claimed as expenses.
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Men come out on top in the Battle of the Taxes
Men, for the second year running, were more likely than women to complete their tax return on time, winning the battle of the taxes once again - but only just.
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Need a New Year money makeover?
More than 1.3 million couples across the UK have boosted their finances with Marriage Allowance, HM Revenue and Customs (HMRC) has announced today.
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“My tax return was on my yacht…which caught fire”
Each year HM Revenue and Customs (HMRC) receives a number of unusual excuses why Self Assessment (SA) customers didn’t complete their tax return on time.
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Personal Tax Account celebrates its first birthday with 7 million users
More than seven million customers have used their online Personal Tax Account in its first year, HM Revenue and Customs (HMRC) announced today.
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HMRC cuts scam emails by 300 million through new cyber security initiative
HMRC has successfully reduced the number of phishing emails its customers receive by 300 million this year, better protecting taxpayers from fraud and identity theft.
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Self Assessment is simple with a Personal Tax Account
HM Revenue and Customs (HMRC) is today urging first-time Self Assessment (SA) customers to register for a Personal Tax Account (PTA), and see how easy submitting a tax return really can be.
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HMRC and Concentrix end tax credits contract
HM Revenue and Customs (HMRC) and Concentrix have agreed to end, with immediate effect, the contract through which Concentrix provided additional capacity to check tax credits claims and reduce error and fraud in the system.
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