Hmrc

HMRC is urging businesses to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year. Making Tax Digital is designed to help businesses eliminate common errors and save time managing their tax affairs

HMRC is waiving late filing and late payment penalties for Self Assessment taxpayers for one month, giving them extra time, if they need it, to complete their 2020/21 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, as the department reveals that, of

The liquidators of the Rangers Oldco have revealed that they are hoping to reduce the size of the tax liability owed to HMRC. BDO is disputing about £51 million of the £64.5m which is still being claimed by HMRC.

HMRC blocked less than £30 million of suspect claims in the first year of the coronavirus job retention scheme, while an estimated £5.3 billion was paid out due to fraud and error. The figure, obtained by the Financial Times through a freedom of information request, highlights the trade-

As Black Friday and Cyber Monday approach, HMRC is urging online shoppers in Scotland to avoid being hit with unexpected customs charges. Changes introduced on 1 January 2021 means that consumers who previously had to pay charges when buying certain items from non-EU sellers may now also need to do

Tax debt in the UK is more than double pre-pandemic levels, and the current staffing at HMRC is unlikely to be enough to manage the increased tax debt workload, according to a new report published by the National Audit Office (NAO). As the country went into lockdown in March 2020 HMRC paused most of

As HMRC prepares to issue emails and SMS to self assessment customers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year. Fraudsters use self assessment to try and steal money or personal information from unsuspecting individu

More than 10.7 million customers completed their 2019/20 tax return by 31 January 2021 and 795,300 were from Scotland, HMRC has revealed. The deadline to complete the 2020/21 Self Assessment tax return is 31 January 2022.

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. Almost two-thirds of the relief in the last tax year is on contributions made by employers into occupational and personal pensions for their staff. 

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. Changes introduced on 1 January this year mean that some UK consumers buying presents for family and friends from EU businesses may now

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. HMRC is moving

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. Summer has always been a popular season for weddings, and newly married couples or those in civil partnerships co

The average inheritance tax (IHT) bill in Scotland has climbed 8.5% towards £200,000 according to the latest figures released by HMRC. For the year 2018-19, the average inheritance tax bill in the UK was £209,502. In London, the bill stood at £271,820, while in Wales it was £

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. Figures published

More than 300,000 tax credits customers have just over one week to renew their claims before the 31 July deadline, HMRC has warned. As the deadline approaches, customers are being urged not to leave their renewal until the last minute and risk their payments being stopped. The quickest and easiest w