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The Latest Breaking News from HMRC

Roman Abramovich may owe HMRC £1bn for unpaid taxes, analysis shows

Exclusive: Leaked papers suggest billionaire’s overseas firms should have paid UK tax on profits from hedge funds

The Guardian - UK

Mistakes to avoid on your tax return as Martin Lewis issues warning over delays

The Money Saving Expert founder cautions against leaving it until the last moment - and over child benefit allowances

The Independent UK

Independent review into Loan Charge launches

The review aims to bring an end to the matter for those affected and is expected to conclude in summer 2025.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

3.4m people have until end of January to file tax returns

Around 8.6 million people have already filed their 2023-24 tax return, HMRC said.

The Independent UK

Do I need to declare bitcoin and other cryptocurrency profits on a self assessment tax return?

If you’ve sold NFTs, dabbled in doge or got paid in bitcoin, it all needs to be accounted for with HMRC

The Independent UK

Expert tips for filing your first self-assessment tax return – and how to do better next year

The 31 January deadline for filing a self assessment tax return is today

The Independent UK

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.

Evening Standard

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How to reduce your tax bill as self-assessment deadline looms

The date for your diary is 31 January – by then your returns must be filed and paid

The Independent UK

Watchdog accuses HMRC of deliberately ‘degrading’ phone services

Long call waiting times have ‘damaged trust in the tax system’, public accounts committee report says

The Guardian - 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.

The Independent UK

‘Humphrey' government AI assistant looks to slash UK public sector red tape

Humphrey will help unlock new efficiencies across government departments, including the NHS, HMRC and DVLA.

TechRadar

UK Woman Receives £955 From Child Trust Fund She Didn't Know She Had: Do You Have One, Too?

Latonya Skye-Paterson, a 20-year-old student, was surprised to discover a £955 Child Trust Fund she didn't know existed. It turns out she's not alone.

International Business Times UK

KPMG under investigation over audit of gambling company Entain

FRC confirms inquiry into accounting firm’s 2022 audit of Ladbrokes, Coral and Sportingbet owner

The Guardian - UK

Market turmoil has calmed but Rachel Reeves faces more challenges ahead

Chancellor survives chaos in markets but faces more questions on growth, cuts, public sector pay and fraud

The Guardian - UK

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news in one place.

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The Independent UK

What you need to file a self assessment tax return as HMRC deadline fast approaches

Returns must be submitted and paid by 31 January - or individuals can face fines from HMRC

The Guardian - UK

New UK tax rules on side hustles like eBay and Vinted may lead to ‘nasty surprises’

Sites have until end of the month to tell HMRC how much money users have made but confusion surrounds system

The Guardian - UK

Expert tips on getting UK self-assessment tax returns right

With the online deadline just days away, here is how to avoid the pitfalls and make the most of what you can claim

The Independent UK

The biggest scams of 2024

The cost of a purchase scam claim last year was £650 on average

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news in one place.

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The Independent UK

Warning as HMRC self-assessment deadline fast approaching – with new rules for Vinted and eBay sellers

Online entrepreneurs need to be aware of new rules, HMRC warns

Evening Standard

HMRC issues penalty warning to 5.4 million taxpayers who have yet to complete self assessment form

Anyone who fails to file tax return by January 31 faces late filing penalty

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.

The Guardian - UK

New year, new start … Is 2025 the right time to become your own boss?

Going freelance is not without risk but if you want to shed the shackles of the 9-5 here’s how to plan it properly

International Business Times UK

UK Etsy, eBay, and Vinted Sellers Beware: HMRC Cracking Down On Businesses Earning £1700 And More

HMRC is cracking down on online sellers. Platforms like Etsy, eBay, and Vinted must now share data on users earning over £1,700 annually.

The Guardian - UK

Energy caps to stamp duty changes: your personal finance diary for January-April 2025

Stubbornly high interest rates and inflation could be good or bad depending on your situation. Here are some key dates to watch out for

Evening Standard

How to do a self assessment tax return as 31 January deadline approaches

There’s not long to go until your latest self assessment has to be filed

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