Hmrc

A tax officer who embezzled thousands of pounds from His Majesty’s Revenue and Customs (HMRC) to pay off her mortgage and settle other debts has been jailed for two years. Joanne Connell, 37, used her position in the bankruptcy team and knowledge of the HMRC computer self-assessment system to

HM Revenue and Customs (HMRC) is facing criticism from a cross-party group of MPs for its handling of tax evasion, who have warned that the true cost of tax dodging is likely far greater than HMRC's estimated £5.5 billion for 2022-23. The Commons Public Accounts Committee's (PAC) report highli

The National Audit Office (NAO) has warned that the UK's increasingly complex tax system is adding hundreds of millions of pounds to administration costs for both the government and businesses.

Over 11.5 million taxpayers successfully filed their self-assessment tax returns by the deadline last Friday, according to HMRC. However, an estimated 1.1 million individuals missed the cutoff, potentially leading to £110 million in late filing penalties alone.

HMRC collected a record £6.3 billion in inheritance tax over the nine months to the end of December 2024, according to new figures. Inheritance tax receipts reached £6.3bn from 5 April to 31 December 2024, marking an 11%increase on the £5.7bn received in the same period in 2023.

MPs have accused HM Revenue & Customs (HMRC) of deliberately degrading its phone services to force taxpayers online. The Public Accounts Committee (PAC) found that average call waiting times had soared to over 23 minutes, nearly doubling in two years.

Around 5.4 million people across the UK are yet to file their tax return, HM Revenue and Customs (HMRC) has warned.

HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese "burner" companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been said to exploit lax UK registration rules to avoid paying VAT and import taxes, costing the Treasury m

New figures have revealed a dramatic increase in the number of UK taxpayers facing a 60% tax rate on a portion of their earnings. Data obtained through a freedom of information request to HM Revenue & Customs shows that an estimated 634,000 individuals fell into this bracket in 2023-24, a 45% su

Summerhall, the Edinburgh Fringe venue facing closure earlier this year, has been issued a winding-up petition by HMRC for unpaid corporation tax. Founder Robert McDowell disputes the claim, stating that tax is only owed on profits and not on investments and asset sales.

Construction Industry Scheme (CIS) contractors are becoming a target for the tax authorities with HMRC issuing letters to CIS contractors if records indicate that the correct deductions may not have been applied, a Scottish tax expert has warned. The letter prompts the contractor to verify the CIS t

The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can easily exploit weaknesses in government systems, according to a new National Audit Office (NAO) report on tax evasion in retail. As well as raising public funds, reducing tax evasion encourages

In a move set to benefit younger and less wealthy investors, HM Revenue & Customs (HMRC) has reversed its position on fractional shares in Individual Savings Accounts (ISAs).

The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed. Just under £18 billion is set to line Treasury coffers for this tax year alone, with nearly 3.6 million taxpayers subject to t

HMRC has cancelled a record 36,000 late self-assessment penalties last year, a 70% increase from the previous year. This surge coincides with HMRC's customer service hitting an all-time low, with long wait times for taxpayer assistance. Many appeals cited HMRC service issues as a "reasonable excuse"