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The Latest Breaking News from HM Revenue and Customs

Newcastle hit with demand for £3.2m over ‘deliberate’ failure to pay tax on transfers

Newcastle United FC have been hit with a demand for £3.2m from HM Revenue and Customs over a ‘deliberate’ failure to pay tax

The Guardian - UK

22% charge aims to stop Isa savers getting around new rules from 2027

HM Revenue and Customs said several rules will be introduced to ensure the policy achieves its objective.

Evening Standard

1.7 Million State Pensioners Affected By HMRC Error: 'We Apologise And Are Working To Fix It'

A HMRC calculation error led to overpaid taxes for 1.7 million pensioners. How to claim your refund and avoid future issues with your state pension tax.

International Business Times UK

From analysis to the latest developments in health,
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State Pension Is Just £22 Away From Triggering Income Tax for Millions of Pensioners

Rising State Pension payments are pushing UK pensioners closer to the income tax threshold. Here's a look at the impact of the frozen Personal Allowance and how to manage potential tax bills effectively.

International Business Times UK

Some ‘super contributor’ entrepreneurs putting over £300,000 into pensions

Money app Plum, which received figures from HM Revenue and Customs, said pension top-ups can help to avoid a pension shortfall later on.

Evening Standard

Taxman among creditors owed £4.5 million when Mandelson-founded firm collapsed

Global Counsel went bust in February amid the fallout from the scandal surrounding Lord Mandelson’s historical links to Jeffrey Epstein.

Evening Standard

Pensioners warned to watch out for scams as winter fuel payment recovery starts

Scammers may use the recovery process as a hook to use texts, emails and phone calls to target people, HM Revenue and Customs said.

Evening Standard

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Thousands of investors ‘within touching distance’ of being Isa millionaires

Many investors are expected to join ‘millionaires’ row’ in the decade ahead, money app Plum said.

Evening Standard

3.3m people have around a week left to file self-assessment tax returns

HM Revenue and Customs is urging taxpayers and agents to act now or risk missing the January 31 deadline and face penalties.

Evening Standard

HMRC warns 3.3 million taxpayers have days left to avoid £100 fine

HM Revenue and Customs is urging millions of customers to act now or risk missing the January 31 deadline

The Independent UK

Fact check: Number of pubs fell by 6,800 under Conservative governments

Official figures show the number of public houses and bars registered with HM Revenue and Customs declined between 2010 and 2024.

Evening Standard

New rules set to stop savers getting around reduced £12,000 cash Isa limit

Guidance on the HM Revenue and Customs website said rules will be introduced ‘to avoid circumvention of the lower limit for cash Isas’.

Evening Standard

Figures reveal top stocks and shares Isa pots worth huge amount more than cash Isa accounts

Approximately 3,080 ISA accounts held a market value exceeding £1 million in the same tax year

The Independent UK

Biggest stocks and shares Isa accounts worth around 17 times top cash Isas

The data ‘reveals a clear and growing divide between saving and investing’, according to InvestEngine, which obtained figures from HMRC.

Evening Standard

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Evening Standard

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

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

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.

The Guardian - UK

‘The bubble had to burst’: the inside story of the Lindsey oil refinery collapse

Prax Group’s sudden demise surprised some, but others saw ‘a house of cards’ built on a thirst for debt-fuelled growth

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Evening Standard

More than seven million people estimated to be higher rate taxpayers in 2025-26

Some 39.1 million people are projected to be liable for income tax in 2025-26, according to HM Revenue and Customs figures.

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.

Evening Standard

Stamp duty deadline ‘put a rocket under home sales' in March as property transactions doubled

Sales soared 104 per cent compared with the same month a year earlier

The Independent UK

How UK house sales doubled year-on-year as buyers scrambled to move

A staggering 177,370 sales were completed, marking a 104 per cent increase compared to March 2024

Evening Standard

House sales jumped in December ahead of stamp duty changes this spring

Buyers across London and the South East in particular would have been pushing for deals to get across the line, an estate agent said.

Evening Standard

HMRC should ‘take seriously’ recommendations, says spending watchdog chairman

An exchange of letters between bosses at the Public Accounts Committee and HM Revenue and Customs was published on Wednesday.

The Independent UK

HMRC ‘degrading its own services as a matter of policy’

Customer service has continued to deteriorate, the Public Accounts Committee said, as it urged the tax authority to be bolder in tackling abuse.

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