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The Latest Breaking News from HMRC

Frankie Dettori reveals he is filing for bankruptcy in shock statement

Frankie Dettori, the world’s most famous jockey, has announced he is filing for bankruptcy

The Guardian - UK

Number of taxpayers dragged into paying higher rate soars 15%, figures show

There were 5.1 million higher-rate taxpayers in 2022-23, according to the latest figures supplied by HMRC.

Evening Standard

Major tax change announced for side hustles affecting Vinted sellers, taxi drivers and dog walkers

Side hustle tax rules are being shaken up in a push for growth – here's how it will affect you

The Independent UK

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

State Pension at Risk as Rachel Reeves’ Tax Raid Targets Retirees in March

Rachel Reeves is in a tight spot ahead of her Spring Statement on 26 March, trying to fix the financial mess left by her disastrous autumn Budget.

The Fashion Central

Lorraine Kelly says she’s ‘really sad’ over lazy presenter claims

‘It’s really hurtful actually,’ TV presenter said after being mocked by social media parody account

The Independent UK

When does the new financial year start and what does it mean for businesses?

Increased labour costs are incoming but there’s more for SME owners and sole traders to be aware of

The Independent UK

Scottish Government appoints new top civil servant

Joe Griffin appointed top civil servant at the Scottish Government.

The National (Scotland)

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‘You get sucked in’: crypto scam victims on how they lost up to £162,000

Retired NHS doctor and others conned into investing – only to sink larger sums in trying to get cash back

The Guardian - UK

Labour Government set to scrap North Sea windfall tax

THE Labour Government has launched a consultation on plans to scrap the windfall tax when it comes to an end in 2030.

The National (Scotland)

Brits Have Less Than A Month To Do State Pension Boost Or Miss Out On Benefits

UK residents under 73 have until 5th April 2025, to boost their state pension by paying for missing National Insurance years from 2006-2018.

International Business Times UK

Martin Lewis ‘crashes government website’ as users rush to beat deadline for £50,000 state pension boost

There’s just a few weeks left to massively boost state pension

The Independent UK

HMRC investigates 14 oil and gas companies over unpaid tax

MORE than a dozen oil and gas companies have been investigated by HMRC for underpaying taxes on energy profits ...

The National (Scotland)

Royals and MPs given private HMRC phone line for fast track tax advice

VIPs are having queries dealt with by HMRC eight times faster than the general public, new figures reveal

The Independent UK

Why a wealth tax would not add up

Letter: Mark Husbands responds to Brian Cox’s call to tax the super-rich

The Guardian - UK

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TechRadar

Deepfake scam calls are costing British victims hundreds each time - here's how to stay safe

Criminals are using AI deepfake calls to scam people, here's what you need to know.

International Business Times UK

HMRC Announces New Advisory Fuel Rates: Impact On Petrol, Diesel, And Electric Car Owners

HMRC has announced new advisory fuel rates effective 1st March, with some petrol and diesel car rates increasing while others remain stable.

The Guardian - UK

Mind the gap: why filling the holes in your NI record could pay dividends

Voluntary contributions of about £800 to £900 for each missing year could boost your state pension by thousands

Evening Standard

HMRC issues £900 fine warning over tax returns after interest cut

HMRC has cut the interest rate on late payments in response to the Bank of England's recent base rate cut

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The Independent UK

Dog breeders, pet sellers and waste firms face tax crackdown to stay in business

HMRC to force hundreds of thousands of workers to register in clampdown on evasion

The Independent UK

£5.5bn lost to tax evasion could be ‘vast underestimate’ by HMRC, MPs warn

The UK’s tax authority has processes which are ‘far too open to abuse’, the Public Accounts Committee warned.

Evening Standard

Wagatha Christie: 'Murky' dealings claim in latest Rooney vs Vardy High Court battle

Coleen Rooney and Rebekah Vardy clashed again at the High Court in a battle over legal costs

The Guardian - UK

UK tax administration costs spiralling due to complex system, says watchdog

Businesses pay hundreds of millions of pounds more and losing trust in HMRC, reports National Audit Office

The Independent UK

Voices: I’m selling my entire flat on eBay – and not even HMRC will stop me

COMMENT: Without the support of my father, who passed away last year, I turned to online marketplaces to make a little extra cash – and now I’m on a roll, writes Charlotte Cripps. But new rules for sellers might scupper my side hustle...

The Independent UK

Savers could be facing an unexpected tax bill - what does it mean for you and what are interest earning limits?

If you’ve been locking in a savings rate of five per cent or more for two years, it’s time to take note

International Business Times UK

Over 1 Million Britons To Pay At Least £100 Penalty To HMRC For Missing Tax Returns Deadline

HMRC also notes that there are additional penalties for paying late—5% of the tax unpaid at 30 days, 6 months, and 12 months.

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