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The Latest Breaking News from HMRC

Kate Garraway 'shocked' by £288,000 tax bill amid debt struggles after husband Derek Draper's death

Kate Garraway has expressed her shock after the latest details of her financial struggles were revealed following her husband Derek Draper's death.

Evening Standard

HMRC collects £780m in just one month of inheritance tax

IHT is expected to raise in excess of £9bn for the Treasury this financial year

The Independent UK

Some first-time buyers accessing bumper Lifetime Isa deposits of £50,000-plus

Savings app Plum found that the top 25 withdrawals made to buy a home in the financial year 2022-23 averaged £51,000.

Evening Standard

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Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Evening Standard

Wealthy Britons avoiding more tax than previously thought, spending watchdog says

NAO says tax gap for rich individuals may be much more than £1.9bn and urges ministers to redouble efforts

The Guardian - UK

Former footballers claim ‘financial grooming’ took them to ‘hell and back’

Politicians and former footballers have protested at the ‘financial grooming’ of Premier League stars who claim they were misled over investment schemes

The Guardian - UK

There’s one slight issue with Labour’s immigration plans: they’re completely untethered from reality

The government’s new policy will take us back to an uglier, more dangerous place – and it’s not even supported by the data, says professor of public policy Jonathan Portes

The Guardian - UK

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Record 299,419 returns filed in first week of new tax year, says HMRC

There were 57,815 ‘early filers’ on the first day of the new tax year, which was a Sunday.

Evening Standard

HMRC under fire for taking more than four months to process tax refunds

Reported delays come as tax office says it is shutting free-to-use online filing service used by some small businesses

The Guardian - UK

‘Lumbering dinosaur’ HMRC becoming more expensive and less trusted, say MPs

The Commons Public Accounts Committee found the cost of collecting taxes rose by £563 million over the last parliament, while productivity fell.

Evening Standard

HMRC launches £1 billion bid for new CRM system

The winning bid will enter into a 15-year contract with HMRC worth £1 billion, and SMEs are being encouraged to apply.

TechRadar

The IT challenge of real-time e-invoicing amid compliance shifts

Kathya Capote Peimbert at Vertex explains the business imperative of real-time e-invoicing amid regulatory changes.

TechRadar

Harry Potter star Rupert Grint shares picture of second child with Georgia Groome

Rupert and partner Georgia Groome were spotted out and about in Hampstead with their newborn

Evening Standard

Four people linked to Scottish restaurant empire accused of '£1.1m VAT fraud'

FOUR people linked to a Scottish restaurant empire are accused of a £1.1m VAT fraud ...

The National (Scotland)

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The National (Scotland)

Prince Andrew linked to Michelle Mone's PPE firm, business filings show

PRINCE Andrew's business partner is involved in the PPE firm linked to Michelle Mone, documents have shown ...

The Guardian - UK

UK taxpayers contributed £89m to the most expensive movie ever made

Scheme to boost British film industry leads to Universal Pictures pocketing millions of pounds for blockbuster Jurassic World: Rebirth

The Fashion Central

Millions could be missing out on £626 tax break you don’t need to be fully blind to claim

The new tax year has kicked off, and while most of us are bracing for the usual HMRC letters, tax code changes and calculations.

The Fashion Central

Holly Willoughby’s Company Owes £377k in Tax Court Hears Bombshell Details

Holly Willoughby’s company has landed in hot water with HMRC, after it was revealed in court that it owes a massive £377,000 in unpaid tax.

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Evening Standard

Billionaire property magnate Christian Candy wins £2m tax battle over Chelsea mansion

Christian Candy bought the Chelsea mansion before handing it over to his brother Nick

Evening Standard

Holly Willoughby’s media company owes £377,000 in tax, court hears

Roxy Media must pay the amount before another court hearing on July 9.

The Independent UK

Holly Willoughby’s media company taken to court over unpaid tax bill

Roxy Media must pay the amount before another court hearing on July 9

The Guardian - UK

DWP to overhaul carer’s allowance checks after overpayment scandal

Department previously investigated only 50% of earnings limit alerts, meaning many carers fell into debt

The Fashion Central

Martin Lewis' MSE Urges Pensioners to Claim £50k they could be Owed

Thousands of Brits who tried to boost their State Pension just before the crucial deadline may have been blocked by a last-minute technical error.

TechRadar

Over 100 million malicious emails blocked by HMRC

The last three years has seen a major rise in cyber threats targeting HMRC.

The Independent UK

Martin Lewis reveals how you can still get £50,000 state pension top-up after HMRC error

Money expert Martin Lewis has shared how people can still get a state pension top-up if they were one of thousands that were locked out of securing their entitlement due to a HMRC error.

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