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The Latest Breaking News from HMRC

HMRC criticised by watchdog for failing to track billionaires’ tax

Report comes as government faces growing demands for wealth tax to improve health of public finances after welfare U-turn earlier this month

The Guardian - UK

How much tax do Britain’s billionaires pay? HMRC has no idea, damning report finds

The finding comes amid growing calls for a wealth tax among Labour MPs

The Independent UK

HMRC does not know how many billionaires pay tax in UK – report

The Public Accounts Committee is calling for HMRC to publish its plan for increasing tax yield from wealthy taxpayers domestically and offshore.

Evening Standard

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Pensioners targeted in winter fuel payment scam

IN FULL

The Independent UK

HMRC issue winter fuel payment scam warning after thousands targeted

Fraudsters have been targeting vulnerable people using texts and phishing websites

The Independent UK

Winter fuel payment scam warning after HMRC receives over 15,000 reports in June

Last month, HMRC acted to remove 4,600 fake websites linked to winter fuel payments.

Evening Standard

Flight of the non-doms: how worried should Labour be about the super-rich leaving the UK?

Reports say wealthy elite are leaving over tax changes – prompting a possible rethink by Rachel Reeves – but hard data is tricky to find

The Guardian - UK

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Stephen McGowan: Murray’s mea culpa won’t wash, but Rangers board can learn

Stephen McGowan: Murray’s mea culpa won’t wash, but new Rangers board can learn from his mistakes.

The National (Scotland)

Cryptocurrency holders warned about new rules to unmask anyone dodging tax

HM Revenue and Customs will look to identify those who have not been correctly paying tax on their cryptocurrency profits.

Evening Standard

Labour's £46-billion problem: How to find the 'record-high' missing tax

IN January, the UK Government announced the “biggest fraud crackdown in a generation” ...

The National (Scotland)

Home buyer mortgage demand expected by lenders to soften over summer months

Households are adjusting to ‘ongoing cost pressures’, one finance expert said.

Evening Standard

Marks & Spencer face potential legal challenge from HMRC over viral strawberry sandwich

The retailer says it’s a sandwich — but one taxman thinks it might actually be a pudding. The difference? A substantial VAT bill

Evening Standard

Salford thrashed but hope for brighter days as financial situation improves

Salford lost 58-0 against St Helens but a winding-up petition was adjourned and they have received a £3m bridging loan

The Guardian - UK

Time has not restored Sir David Murray's battered Rangers legacy

Sir David Murray has attempted to explain his decision to sell Rangers to Craig Whyte in his new book, 'Mettle', but here's why it doesn't pass the…

The National (Scotland)

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The Independent UK

5 pension mistakes you might be making now that will cost you later

Lisa Picardo and Claire Trott share things that may be overlooked or going wrong when it comes to pensions.

Evening Standard

Home sales jump by a quarter month on month in May following April slump

Stamp duty discounts became less generous in April, but transaction figures for May show a pick-up in house sales

The Independent UK

Home sales jump by a quarter month-on-month in May following April slump

Stamp duty discounts became less generous in April, but transaction figures for May show a pick-up in house sales.

The Guardian - UK

Number of higher-rate UK taxpayers expected to hit more than 7m this year

Frozen tax thresholds mean extra 500,000 to be taxed at 40% on some income in 2025-26, HMRC figures show

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International Business Times UK

From Phishing to Prevention: How UK Taxpayers Can Leverage Emerging Tech to Safeguard Against HMRC Fraud

Learn how emerging technologies like AI and biometrics help UK taxpayers prevent HMRC phishing attacks and protect their personal tax data online.

The Guardian - UK

‘Billionaires’ bonanza’: Labour derides Reform plan to offer tax exemptions to wealthy

Nigel Farage defends policy to top up poorest workers from £250,000 ‘landing fee’ on rich UK newcomers

Evening Standard

HMRC reveals surge in corporation tax gap and small business non-compliance

The corporation tax gap jumped to 15.8% – its highest for more than a decade – in the year to April 2024.

Evening Standard

HS2 reports subcontractor to HMRC after alleged fraud

This comes after a whistleblower threw a spotlight on two firms working on the the West Midlands section of the high-speed line.

The Independent UK

Either the tax man or the palace: Dame Pat Barker on mistaking honours letter for HMRC

The writer, who became CBE in 2000, is known for her Regeneration Trilogy

The Independent UK

Former England star made bankrupt over £36k tax debt

Trevor Sinclair is ‘unable to pay’ the amount, says judge

Evening Standard

HMRC boss ‘regrets’ frustrations over £49m phishing scam disclosure

The revenue body has faced criticism and questions over why MPs were not told earlier about a breach affecting around 100,000 taxpayers.

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