VAT Deferral New Payment Scheme - online service opens
Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments, HMRC has announced today (23 February).
Former BHS boss guilty of tax evasion
Dominic Chappell, who bought BHS for £1 in 2015, has been found guilty of evading tax of £584,000. He has been jailed for six years.
Restaurant owner must pay £1.2m or face 7 years behind bars
A restaurant owner who laundered cash stolen by his VAT fraudster wife has been ordered to hand over £1.2 million within three months or face an extra seven-and-a-half years in jail.
Tax gap falls to lowest recorded rate
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
West Midlands man arrested on suspicion of £495,000 furlough fraud
A West Midlands man has been arrested as part of an HM Revenue and Customs (HMRC) investigation into a suspected £495,000 Coronavirus Job Retention Scheme (CJRS) fraud.
County Armagh couple jailed for VAT fraud
A farmer and his wife have been jailed for their role in a £610,000.00 VAT fraud, after a HM Revenue and Customs (HMRC) investigation into their County Armagh beef cattle farm.
£120 million booze fraudsters jailed for 46 years
A Berkshire-based gang that stole £34 million in VAT and laundered £87 million after selling illicit alcohol have been jailed for more than 46 years
Serial scammer behind bars after tax probe
A serial fraudster has been jailed for four years and nine months after repaying a tax fraud debt with money stolen in another scam.
New digital tax system to give over 1 million businesses more financial control
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
Five arrested as part of £12m VAT fraud and money laundering investigation
Five people have been arrested and charged as part of an ongoing joint investigation by HM Revenue and Customs (HMRC) and Police Scotland into alleged money laundering and VAT fraud worth £12 million.
Music tuner’s VAT fraud falls flat
A Somerset company boss, who fraudulently reclaimed more than £230,000 of VAT, has been jailed for two years after a HM Revenue and Customs (HMRC) investigation.
VAT fraudster fails to dodge justice with forged hospital report
A crooked accountant who tried to escape justice by forging a medical report from a Cypriot hospital has been jailed for a £400,000 VAT scam.
One month to go before VAT goes digital for 1 million
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
HMRC urges business owners to make sure they are ready for no deal
HM Revenue and Customs (HMRC) is urging business owners to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal.
Ditch paper receipts – as VAT goes digital
Senior Decision Makers in finance and accounting admit to not being the best at keeping receipts, as 65% confess to having lost them, according to a new YouGov poll out today.
Man jailed for using tax fraud to pay off confiscation order
A South Lanarkshire man has been jailed for more than two years after using a VAT tax fraud to repay money he had previously made as a forger.
Bournemouth brothers jailed for 14 years for £3m pub and restaurant tax scam
Three brothers, who stole £3 million in a tax scam involving pubs and restaurants, have been jailed.
Thousands of sellers red-flagged to online marketplaces reveals HMRC
Over 4,600 online sellers have been red-flagged to marketplaces for tax evasion during the last two years, reveals HM Revenue and Customs (HMRC). As a result, many sellers have had their online stores deleted.
Racing driver jailed for tax fraud
A Hemel Hempstead company director, who funded his hobby racing high-powered sports cars in races across Europe through a £450,000 tax scam, has been jailed.