Tax gap remains steady at 5.1%
Statistics published today (23 June) by HM Revenue and Customs (HMRC) reveal the estimated tax gap for the 2020 to 2021 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year.
HMRC launches consultation to address concerns about Repayment Agents
New measures to stop rip-off agents taking advantage of people and pocketing their tax repayments have been proposed by HM Revenue and Customs (HMRC).
Most wanted HMRC tax fugitive jailed
One of the UK’s most wanted tax fugitives has been jailed for eight years after spending nine years on the run.
Sarah Panitzke, originally from York, played a leading role in a vast multi-million-pound VAT fraud and became one of the UK’s most wanted criminals after absconding during her trial in 2013.
In February, the 48-year-old was arrested while walking her dogs in Spain in an operation
Jailed pensioner who trafficked fighter jet parts to Iran ordered to pay £700k
A jailed pensioner who trafficked fighter jet parts to Iran in shipments he claimed were goggles, wheelbarrows and gloves, has been ordered to pay back £700,000.
Retired company boss Alexander George, 80, of Long Ashton, Bristol, was jailed in 2018 for shipping military items to Iran, including MiG 29 and US F4 Phantom parts, following an HM Revenue and Customs (HMRC) investigation.
HMRC urges customers to leave tax avoidance scheme promoted by London-based firm
Another tax avoidance scheme has been exposed by HM Revenue and Customs (HMRC) today, to help ensure customers do not end up with large tax bills.
Glasgow Regional Centre formally opens
HM Revenue and Customs’ (HMRC) Glasgow Regional Centre and UK Government hub was formally opened by Jim Harra, HMRC’s First Permanent Secretary and Chief Executive on 6 June 2022. The state-of-the-art building at 1 Atlantic Square, which also accommodates the Cabinet Office’s second Headquarters, is currently home to about 2,600 HMRC and around 270 Cabinet Office full time equivalent (FTE) roles.
New powers introduced as HMRC targets till fraud
HM Revenue and Customs (HMRC) officers visited businesses across the country and arrested 3 people in a day of action after new powers were introduced in the fight against till fraud.
New homeowners warned over tax refund claims
New homeowners are being warned about cold calls from rogue tax repayment agents advising them to make speculative Stamp Duty Land Tax (SDLT) refund claims, which could leave them with large tax bills.
The warning comes after a recent spate of Stamp Duty refund claims to HM Revenue and Customs (HMRC) failed to meet very specific criteria.
The agents have been known to call new property owne
HMRC Liverpool Regional Centre formally opens
HMRC Regional Centre and Government Hub in India Buildings, Liverpool, was formally opened.
More than 500,000 families used Tax-Free Childcare in the last year
New Tax-Free Childcare statistics from HM Revenue and Customs (HMRC) have revealed that 512,415 families received up to £2,000 towards the cost of their childcare during the 2021 to 2022 tax year, up from 374,135 in the previous year.
Tax credits customers warned about scammers posing as HMRC
HM Revenue and Customs (HMRC) is warning tax credits customers to be aware of scams and fraudsters who imitate the department in an attempt to steal their personal information or money.
About 2.1 million tax credits customers are expected to renew their annual claims by 31 July 2022 and could be more susceptible to the tactics used by criminals who mimic government messages to make them appear
Almost 66,500 file their Self Assessment on 6 April
Nearly 66,500 customers filed their 2021 to 2022 tax return on the first day of the new tax year - 6 April 2022 - HM Revenue and Customs (HMRC) has confirmed.
In recent years, there has been an increasing number of ‘early-bird’ customers filing their completed Self Assessment tax returns at the start of the new tax year – almost 30,000 more customers filed their returns on 6 April this yea
Stratford Regional Centre formally opens
HM Revenue and Customs’ (HMRC) regional centre and Government hub at 14 Westfield Avenue, Stratford was formally opened by Chief Executive Jim Harra on Wednesday (4 May 2022).
2.1 million annual tax credits packs to be issued
About 2.1 million tax credits customers will begin to receive their annual renewal packs this week from HM Revenue and Customs (HMRC).
UK to revoke Moscow Stock Exchange's recognised status
The UK’s tax authority, HM Revenue and Customs (HMRC), has today (19 April 2022) announced its intention to revoke the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange. This means investors will not be able to access certain UK tax benefits in future when trading securities on MOEX, although existing investments will be protected.
£17 million scrap metal fraudsters jailed
A gang that stole £17 million in a ‘missing trader’ VAT fraud have been jailed for a total of 12 years.
HMRC names avoidance scheme promoters for first time
Tax avoidance schemes have been named for the first time by HM Revenue and Customs (HMRC) as users are warned they could face large tax bills.
HMRC has today advised anyone involved in Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation Scheme to withdraw from them as soon as possible to prevent building up a large tax bill.
This is the first time HMRC has used new powers to
More than 142,000 use online payment plans to pay their Self Assessment tax bill
More than 142,000 customers have used HMRC’s online Time to Pay facility to spread the cost of their Self Assessment tax bill since April 2021, HM Revenue and Customs (HMRC) has revealed.
The Self Assessment deadline for 2020/21 tax returns was 31 January but, this year, HMRC gave customers until 1 April to pay any tax owed and not face penalties.
Customers who were unable to pay in full but
Thousands of families can receive help towards Easter childcare costs
HM Revenue and Customs (HMRC) is reminding working parents in the UK to not miss out on the opportunity to get up to £2,000 a year to pay for regulated childcare, including holiday clubs and other out-of-school activities, during the Easter holidays.