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The Latest Breaking News from HM Revenue and Customs

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

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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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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.

Evening Standard

‘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

The Guardian - UK

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

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

The Independent UK

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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

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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The Independent UK

Nearly 25,000 people filed tax returns on first day of 2025

Some 5.4 million people still need to file returns before the January 31 deadline.

Evening Standard

Scams warning issued by HMRC ahead of self-assessment deadline

Fraudsters are targeting people with bogus offers of tax refunds or demanding payments, the revenue body said.

The Guardian - UK

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

Evening Standard

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

The Independent UK

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.

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