Pension tax relief rises by £3.1bn in 2020

According to new HMRC data, a record of £41.3 billion was paid into pensions through tax relief last year, up from £38.2bn in 2019.

Published 1 October 2021

HMRC warns Christmas shoppers not to get caught out with extra charges

With just 100 days to go until Christmas, HMRC is urging shoppers to ensure they don’t get caught out by unexpected charges when buying from overseas traders.

Published 16 September 2021

Grant Thornton: Flood of HMRC fraud enquiries expected as furlough finishes

Scottish businesses should prepare for a flood of letters from HMRC as furlough draws to a close and the UK Government looks to recoup a suspected £7 billion of fraudulent or erroneous Coronavirus Job Retention Scheme (CJRS) claims, according to business advisers Grant Thornton.

Published 10 September 2021

HMRC: 1.8m 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, according to new figures published by HMRC.

Published 11 August 2021

Average Inheritance Tax bill in Scotland nears £200,000

The average inheritance tax (IHT) bill in Scotland has climbed 8.5% towards £200,000 according to the latest figures released by HMRC.

Published 10 August 2021

Two thirds of tax penalties are overturned in the UK, HMRC figures reveal

HMRC has been hit with accusations of “rushing” investigations into people who have allegedly not paid the right amount of tax or are facing fines for late returns after figures released by the tax authority revealed that two in three demands were overturned on appeal.

Published 6 August 2021

HMRC: 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, HMRC has warned.

Published 26 July 2021

UK firms owe HMRC £2.7 billion after VAT holiday

More than one in four businesses that deferred tax payments during the initial lockdown last year still owe HMRC billions of pounds.

Published 19 July 2021

HMRC: 800,000 tax relief claims submitted for working from home

Since April, almost 800,000 employees who have been working from home during the pandemic, have already claimed tax relief on household related costs, HM Revenue and Customs (HMRC) has revealed.

Published 30 June 2021

HMRC-branded phishing scams surge 87% in a single year

Reports of HMRC-branded phishing scams have jumped by 87% in the last year, from 572,029 to 1,069,522, according to official figures.

Published 28 June 2021

Taxman to go easy on UK firms in financial difficulty to prevent mass insolvencies

The UK Government has told UK firms struggling with coronavirus-related debts that it will not pursue them for unpaid taxes in an attempt to avoid an increase in insolvencies this summer.

Published 23 June 2021

Mark Brown: HMRC targets COVID fraud firms

Mark Brown, partner at Aberdeen chartered accountancy practice Meston Reid & Co, has warned businesses who have accessed schemes such as furlough and the Self-Employment Income Support Scheme (SEISS) to prepare for additional checks on their practices.

Published 21 June 2021

And finally... stamped out

HMRC Stamp Duty press machines will be officially retired from service on 19 July 2021, marking the end of over 300 years of tax-related history.

Published 21 June 2021

Scottish ISA holders saving more than anyone else in UK

Scottish savers have more money in their ISAs than their UK counterparts, according to new figures from HMRC.

Published 9 June 2021

Inheritance tax dodgers denied tax breaks

Individuals who attempt to avoid paying inheritance tax by transferring hundreds of millions of pounds in property wealth to their children have been denied a tax break.

Published 1 June 2021