Hmrc

Scotland has seen another rise in R&D (research and development) tax credit claims, according to statistics released by HMRC yesterday. The latest 2018-19 figures show Scottish companies made a total of 2,925 claims, up from 2,210 made at this time last year. There were 2,405 successful R&D

Savers across Scotland who hold an HMRC Help to Save account have benefitted from their first bonus payment.

Almost a quarter of the best-paid people in the UK are immigrants, according to analysis of tax returns collected by HMRC.

Alan Hunter, a Moray fisherman who underdeclared nearly half a million pounds over five years and did not pay any tax, was jailed for 15 months yesterday.

A company that benefited from unlawful tax exemptions and was ordered to pay over £1 million to HM Revenue and Customs has lost an appeal challenging a payment order made to that effect.  John Gunn and Sons Ltd argued that they should only have to pay the amount which represented the

HM Revenue & Customs may have paid out up to £3.5 billion in furlough money on fraudulent or mistaken claims, it was revealed on Monday.

HMRC is to contact 3,000 companies across the UK every week over concerns that they have over-claimed for employees furloughed through the Coronavirus Job Retention Scheme (CJRS). Since the scheme launched in April, over 1.2 million employers have applied to the scheme, protecting around 9.6 mi

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform, according to chart

UK banks have backed calls for a student loans-type repayment scheme for firms who have received coronavirus support loans to ensure struggling companies can make loan repayments. 

HM Revenue and Customs (HMRC) has sent out more than one million tax credit renewal notices with incomplete information to addresses across the UK. When the automatic renewal notices were sent out, 1.2 million of them did not include income details which are usually clearly stated on the document.&n

HM Revenue & Customs’ (HMRC) specialist ‘task forces’ have collected £540 million in extra tax revenue for the UK authority in the last financial year, according to research by Pinsent Masons. The amount collected by the task forces in 2019/20 was broadly level with that

Throughout the first quarter of this year, £2.5 billion was withdrawn from pensions flexibly, marking a 19% increase from the £2.1bn recorded last year, according to the latest data from HMRC.

Those with offshore assets, income or gains are being treated differently from other taxpayers in terms of HMRC’s approach to the impact of COVID-19 warns tax and advisory firm Blick Rothenberg. Fiona Fernie, a tax risk and dispute resolution partner at the firm, said: “&n

HMRC is homing in on inheritance tax avoidance by wealthy families through the creation of a secret unit which will investigate the ways in which investment companies are used to reduce bills.

HMRC workers in Dundee have accused the Scottish Government of betraying them by failing to offer them "early access" to job vacancies with Social Security Scotland (SSS).