HMRC



HMRC waives self-assessment penalties until end of February

HMRC chief executive Jim Harra has announced that Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February.

Published 26 January 2021

ACCA: Accountants and SMEs at breaking point as HMRC urged to delay self-assessment deadline

Accountants are dismayed that HMRC is refusing to extend the deadline for self-assessment tax returns on January 31, which could land millions of hard-hit entrepreneurs with fines totalling £250 million.

Published 19 January 2021

Fife hotelier jailed for two years after £380,00 VAT fraud

A woman who ran two Fife hotels has been jailed for a £380,000 VAT fraud.

Published 15 January 2021

Increasing number of wealthy families make claims for inheritance tax repayments

An increasing number of wealthy families in the UK are making more claims for inheritance tax repayments under a little-known rule that allows refunds on share and property losses.

Published 15 January 2021

Increasing numbers of UK self assessment customers use tax payment plans to spread costs

Almost 25,000 Self Assessment customers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1 million, HM Revenue and Customs (HMRC) has revealed.

Published 13 January 2021

HMRC urged to waive late tax return fines

The UK Government is considering calls to waive fines for late tax returns this year but has ruled out an official extension to the January 31 filing deadline.

Published 11 January 2021

UK Trader Scheme launched to support businesses moving goods from UK to Northern Ireland

HMRC has launched a new UK Trader Scheme to support businesses moving goods from the UK to Northern Ireland.

Published 16 December 2020

Ex-owners of Rangers secure £3.1m tax bill cut

A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club.

Published 15 December 2020

Ex-owners of Rangers secure £3.1m tax bill cut

A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club.

Published 14 December 2020

Scottish accountant jailed for VAT fraud

Two Scottish men involved in creating false invoices as part of a £45,000 tax fraud have been sentenced.

Published 10 December 2020

Scottish taxpayers urged not to miss self assessment deadline

HM Revenue and Customs (HRMC) has urged Scotland's 706,000 self assessment customers not to miss the 31 January deadline.

Published 8 December 2020

Inheritance tax take on gifts up for three years in a row

The UK's inheritance tax (IHT) take on gifts has increased for three consecutive years, according to new figures.

Published 7 December 2020

English bar owner wins legal battle over tax of juices

An English bar owner who refused to pay VAT on his 'super juices' by claiming they should be classed as food, has won a five-year legal battle with HMRC.

Published 1 December 2020

HMRC and ASA launch new action to disrupt promoters of tax avoidance schemes

HM Revenue and Customs (HMRC) and the Advertising Standards Authority (ASA) have launched new action to cut out misleading marketing by promoters of tax avoidance schemes.

Published 27 November 2020

ABGI UK calls for tighter controls and regulation to combat fraudulent R&D tax claims

Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300 million incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report.

Published 13 November 2020