Subjects: Economy, Finance
£36m cigarette gang caught after encrypted messages cracked
Two men who smuggled 117 million cigarettes into the UK have been jailed for more than 14 years after their encrypted messages were accessed by investigators from HM Revenue and Customs (HMRC). They were caught using data from Operation Venetic, the UK law enforcement response to the takedown of encrypted comms platform EncroChat.
Tobacco trio jailed for £1.5m scam
A trio of tobacco fraudsters that attempted to flood the UK with millions of illegal cigarettes, have been jailed for a total of eight and-a-half years.
HMRC to move to Pilgrim’s Quarter in Newcastle city centre
Newcastle’s Pilgrim’s Quarter, part of the Pilgrim Street development, is set to become the new home for HM Revenue and Customs (HMRC) in the North East.
Part of the Government Hub network, HMRC’s state-of-the-art regional centre will be based at the new development and will accommodate approximately 9,000 staff from HMRC.
The Newcastle building will be the largest of HMRC’s 13 regional c
HMRC warns customers about Self Assessment tricksters
As HM Revenue and Customs (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.
Time is running out for customers with Post Office card accounts
Around 24,000 HM Revenue and Customs (HMRC) customers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused.
Crime gang jailed for 34 years
A crime gang that smuggled huge amounts of illicit alcohol into the UK and stole more than £16 million in taxes, have been jailed for a total of more than 34 years.
Shafqat Majeed, formerly of Hove, was given 10 years in prison for spearheading the multimillion-pound VAT and excise fraud while living a life of luxury and driving flash cars.
The 52-year-old and ten other gang members have now
Self Assessment deadline countdown begins
HM Revenue and Customs (HMRC) is reminding Self Assessment customers that on Sunday 24 October, they have one week left to submit paper tax returns and 100 days to go for online tax returns.
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