Hmrc

More than one in four businesses that deferred tax payments during the initial lockdown last year still owe HMRC billions of pounds. A total of 156,500 out of 590,000 businesses that utilised Chancellor Rishi Sunak’s VAT deferral between March and June have failed to make contact with HMRC to

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. The saving is worth up to £128 per year for each employee in Scotland and eligible workers can clai

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. The data, obtained by accountancy group Lanop Outsourcing under the Freedom of Information (FOI) Act, analysed data over the three most recent financial years (April

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. Restructuring experts have said that many company companies will feel the full weight of the COVID-19 pandemic o

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. HMRC is getting serious about pursuing frau

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.

Scottish savers have more money in their ISAs than their UK counterparts, according to new figures from HMRC. According to the data, there are 1.4 million Scottish adults with ISAs with an average holding of £29,861, higher than all other countries in UK. However, fewer of them use the tax-eff

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. Almost 2,000 people who issued over £600 million in gifts have been labelled as ineligible for relief against the controvers

HMRC has refunded millions of pounds to UK taxpayers who paid its controversial loan charge. However, only a small proportion of those who applied for a refund have received any cash, meaning hundreds of taxpayers face a longer wait for their money to be returned.

Almost 64,000 staff at HMRC will be allowed to work from home at least two days a week from next month, despite UK Government aims to get workers back into offices in the aftermath of the Covid-19 pandemic.

Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has said today. The online portal for the new payment scheme closes on 21 June 2021.

As lockdown ends and businesses start to reopen, traders in Scotland are being encouraged to watch HMRC’s new webinar on Rules of Origin. This webinar will help traders ensure they’re taking advantage of the preferential tariff rates available to them since 1 January, for goods they trad

Anderson Anderson & Brown (AAB) has reported an increase in new enquiries for support with HMRC investigations and disclosures, for both companies and individuals residing in the UK since the start of the year. AAB has experienced a significant increase in new enquiries across the multiple

Self Assessment taxpayers have just over a week to pay any outstanding tax liabilities in full or set up an online payment plan for the 2019 to 2020 financial year to avoid incurring penalty charges, HMRC has urged. Last month, HMRC said that due to the impact of the COVID-19 pandemic, they were giv

Jim Harra, the chief executive of HMRC, has revealed that he received a call from fraudsters pretending to be the taxman. Mr Harra issued a warning on Twitter revealing that the HMRC had seen an increase in reported scams.