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The Latest Breaking News from HM Revenue and Customs

How to make the most of the forgotten thousands in child trust funds

After HMRC urged young Britons to claim the windfalls from CTF accounts, we look at the best ways to maximise the benefits

The Guardian - UK

Tory donor Lycamobile handed HMRC winding-up order amid tax dispute

Loss-making pay-as-you-go sim card seller had been embroiled in eight-year VAT battle

The Guardian - UK

UK tax: ‘HMRC harassed me for money I had paid weeks earlier’

Simon Hattenstone was sent letters demanding tax he didn’t owe. Then he found other people were in the same situation

The Guardian - UK

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Child Benefit major change: Millions more parents can claim online for the first time

HM Revenue and Customs is encouraging parents to go digital rather than use the old paper system

Evening Standard

4,757 ‘festive filers’ submitted tax returns on Christmas Day

HM Revenue and Customs also recorded 8,876 returns submitted on Christmas Eve and 12,136 on Boxing Day.

The Independent UK

Tax credits recipients to receive £300 autumn cost-of-living payment from Friday

HM Revenue and Customs is making the payments to eligible tax credits customers across the UK between November 10 and 19.

The Independent UK

Self-assessment taxpayers warned over fake rebates and other scams

HM Revenue and Customs (HMRC) said it received more than 130,000 reports about tax scams in the 12 months to September 2023.

The Independent UK

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Who is Bernie Ecclestone and what is his net worth?

The former boss of Formula 1 has now agreed in a civil settlement to repay almost £653m to HM Revenue and Customs (HMRC)

Evening Standard

Benjamin Mendy ’embarrassed’ by £800k tax debt amid Manchester City talks over back pay

HM Revenue and Customs is seeking a bankruptcy order against the footballer over a nearly £800,000 bill

The Independent UK

Benjamin Mendy ’embarrassed’ by six-figure tax debt, court hears

HM Revenue and Customs is seeking a bankruptcy order against the footballer over a nearly £800,000 bill, a specialist judge was told on Wednesday

Evening Standard

Winding-up petition against Southend United dismissed after club clears tax debt

HM Revenue and Customs told a High Court hearing the petition had been ‘paid in full’.

The Independent UK

Benjamin Mendy ’embarrassed’ by tax debt, court hears

HM Revenue and Customs is seeking a bankruptcy order against the footballer over a nearly £800,000 bill, a specialist judge was told on Wednesday.

The Independent UK

Young adults urged to claim forgotten ‘pot of money with their name on’

HM Revenue and Customs said nearly 430,000 18 to 21-year-olds have an unclaimed child trust fund, worth £2,000 on average.

The Independent UK

Popular Scottish food chain plunges into crisis as debts of over £1 million revealed

The National (Scotland)

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The Independent UK

Benjamin Mendy chasing back pay from Manchester City, bankruptcy court told

HM Revenue and Customs (HMRC) is seeking a bankruptcy order against the former City defender over a nearly £800,000 tax debt.

Nottingham Post

HMRC Child Benefit warning to some parents or guardians ahead of August 31 deadline

HM Revenue and Customs (HMRC) guidance states that Child Benefit payments will continue after the child's 16th birthday is reached until one of four deadlines is reached.

Belfast Live

Illegal cigarettes seized at Belfast Port

HM Revenue and Customs teamed up with the Border Force for the operation

Nottingham Post

Nottinghamshire businesses fined for breaching HMRC money laundering rules as one director defends 'unfortunate error'

Certain types of business are required to register with HM Revenue and Customs, which oversees Money Laundering Regulations

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The Independent UK

Help to Save scheme extended until April 2025

More than 359,200 people have opened savings accounts since its launch in September 2018, HM Revenue and Customs said.

Birmingham Post

Great Annual Savings falls into administration after court rejects restructuring plan

More than 100 jobs have been lost after the Seaham firm's plan failed to secure backing at the High Court hearing

The Independent UK

900,000 households received £301 cost-of-living payment in early May

The payments were made by HM Revenue and Customs between May 2 and 9.

Belfast Live

DWP £301 payment to go into bank accounts of those eligible from today

HM Revenue and Customs (HMRC) will be making payments to one million eligible families receiving tax credits only

The Independent UK

UK house sales fell by 19% annually in March – HMRC figures

The number of house sales edged up by 1% compared with February 2023, according to the figures from HM Revenue and Customs.

The Independent UK

Around 500 children had at least £100,000 in Junior Isa savings by 2021

Around 40 children had Junior Isa pots worth £200,000 or more, according to HM Revenue and Customs figures obtained by St James’s Place.

The Independent UK

‘Deplorable’ ex-tax office worker jailed for defrauding £52,348 of debtors’ cash

Nicola Barnes was sentenced to two years and four months in prison, HM Revenue and Customs said.

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