Subjects: Revision, Tax issues
Time to get ready for Self Assessment
HM Revenue and Customs (HMRC) is reminding Self Assessment customers to check that they have the correct information in order to complete their tax return.
Final gang member jailed in £2.8million fraud
The fifth and final member of a criminal gang has been flown back from Lithuania and jailed for his role in smuggling 8.5 million illegal cigarettes into the UK.
Robertas Borovskis, 41, was extradited to face justice after he and four other men were caught with millions of illegal cigarettes at a Lincolnshire farm in June 2017.
All five men flew to Lithuania to avoid investigation and all f
Duo jailed for laundering £25 million
A company director and a cash and carry worker have been jailed for more than 11 years for laundering £25 million through a series of shell companies posing as legitimate alcohol businesses.
Time is running out for tax credits and Child Benefit customers with Post Office card accounts
From 1 December 2021, HM Revenue and Customs (HMRC) will stop making payments of Child Benefit, Guardian’s Allowance and tax credits, into Post Office card accounts.
Working Tax Credit customers must report changes to working hours
HM Revenue and Customs (HMRC) is urging Working Tax Credit (WTC) customers to check if they need to update their working hours if these have reduced as a result of coronavirus.
During the pandemic, WTC customers have not needed to tell HMRC about temporary short-term reductions in their working hours as a result of coronavirus - for example if they were working fewer hours or were furloughed. I
Businesses get more time to prepare for digital tax changes
Businesses will have an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs (HMRC) has announced today.
Tax gap remains low at 5.3%
The tax gap for the 2019/20 tax year has remained low at 5.3% statistics published today by HM Revenue and Customs (HMRC) have revealed.
HMRC warns students of scams
University students taking part-time jobs are at increased risk of falling victim to scams, HM Revenue and Customs (HMRC) is warning.
Thousands of teenagers missing out on Child Trust Fund cash
HM Revenue and Customs (HMRC) is today urging young people to check if they have a hidden pot of gold – in the shape of a Child Trust Fund (CTF).
HMRC can help with childcare costs as children head back to school
Families may be eligible for Tax-Free Childcare to help pay for breakfast and after school clubs as children go back to school.
Families are eligible to save money on their childcare and benefit from a government top-up worth up to £2,000 every year, or up to £4,000 a year if a child is disabled. In June 2021, about 308,000 families across the UK benefited from using Tax-Free Childcare, but tho
Runaway VAT fraudster jailed
A VAT fraudster who fled the country eight years ago to escape justice has been jailed for four years.
Mohammad Tanwir Khan, of Bluestone Drive, Heaton Moor, Stockport, ran a company called Spearpoint Limited and absconded to Pakistan after he was convicted of an £817,000 VAT fraud in 2013.
An investigation by HM Revenue and Customs (HMRC) revealed he used more than 350 false invoices linke
Tobacco gang kingpin jailed for eight years
The ringleader of a criminal gang that attempted to flood the UK with more than 79 million illegal cigarettes has been jailed for more than eight years.
Unemployed Ary Majeed, of Tennyson Road, Coventry, spearheaded an illegal cigarette and money laundering operation, using a fleet of vehicles and a network of couriers.
HM Revenue and Customs (HMRC) seized millions of cigarettes from Majeed
Deadline looms for parents to update Child Benefit for 16 year olds
HM Revenue and Customs (HMRC) is reminding parents and carers they have until 31 August 2021 to confirm whether their teenagers are staying in full-time education or training beyond 16.
Last week, teenagers across the UK received their GSCE or Scottish National Certificate results and many are now considering their future. If they decide to continue their full-time education or training, parent
HMRC reveals absurd excuses for not paying National Minimum Wage
While the vast majority of employers pay their employees at least the National Minimum Wage, HM Revenue and Customs (HMRC) has today released some of the most absurd excuses used for not paying the legal minimum.
Last year (2020 to 2021) HMRC helped more than 155,000 workers across the UK recover more than £16 million in pay which was due to them, and also issued more than £14 million in penal
1.8 million couples benefitting from extra tax relief
Nearly 1.8 million married couples and those in civil partnerships are using Marriage Allowance to save up to £252 a year in Income Tax, HM Revenue and Customs (HMRC) has announced.
Jailed VAT fraudster spent stolen cash on Spanish villas
A fraudster who stole nearly £1.9 million of taxpayers’ money to fund a lavish lifestyle, including buying three Spanish villas, has been jailed for five-and-a-half years.
One week left to renew for 300,000 tax credits customers
More than 300,000 tax credits customers have just over one week to renew their claims before the 31 July deadline, HM Revenue and Customs (HMRC) has warned.
As the deadline approaches, customers are being urged not to leave their renewal until the last minute and risk their payments being stopped. The quickest and easiest way to complete a renewal is via GOV.UK. Customers can manage their tax c
National Minimum Wage rate reminder for summer staff
Students and seasonal staff are being reminded by HM Revenue and Customs (HMRC) to check that they are being paid the National Minimum Wage (NMW).
All workers are legally entitled to be paid the NMW. This includes temporary seasonal staff, who often work short-term contracts in bars, hotels, shops and warehouses over the summer.
Last year (2020-21) HMRC helped 155,000 workers across the UK t
Fraudster who funded jet set life with stolen taxpayers’ cash is jailed
A fraudster who used stolen cash to fund a lavish lifestyle filled with luxury cars and holidays has been sentenced to seven years in prison.