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The Latest Breaking News from HMRC

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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read the most diverse news in one place.

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 Independent 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 Guardian - UK

The biggest scams of 2024

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

The Independent UK

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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

The Independent UK

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

Evening Standard

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 Independent 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

The Guardian - 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.

International Business Times 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

The Guardian - UK

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

Evening Standard

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The Guardian - UK

New year finances: a month-by-month UK guide to sorting out your money

A checklist of vital tasks throughout the year, from filing your tax return to making the most of your holiday cash

The Guardian - UK

Forget ‘benefit cheats’ – £23bn a year is going unclaimed. How do we get that to vulnerable people?

The pension credit deadline has passed – and the government must help find millions missing out on money they’re entitled to, says Guardian columnist Polly Toynbee

The National (Scotland)

'A hard act to follow': Top civil servant in Scotland to leave role

Scotland’s top civil servant will leave the post next year, the Scottish Government has announced.

Evening Standard

Top civil servant in Scotland to leave role

John Paul Marks was appointed Permanent Secretary in 2022.

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news in one place.

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The Guardian - UK

For richer or poorer? BrewDog co-founder may delay marriage to max-out tax relief

James Watt’s investment in I’m a Celebrity winner Georgia Toffolo’s raw dog food venture needs three years as ‘unconnected person’ under HMRC rules

TechRadar

Lycamobile warns staff nearly 90% of workers could lose their jobs

Workers are set to find out whether they’re being made redundant after Christmas, with nine in 10 set to go.

Evening Standard

Tax expert tells of ‘shocking threat’ over retracting claims about ex-chancellor

Ashley Hurst, of Osborne Clarke law firm, is alleged to have ‘improperly attempted to restrict’ Dan Neidle’s right to publish correspondence he sent.

The Guardian - UK

Lycamobile tells nearly 90% of UK staff they could lose their jobs

Exclusive: Telecoms company is loss-making and it is locked in long-running VAT dispute with HMRC

Evening Standard

Fact check: Savers have long had to pay tax if earning more than £1,000 interest

A widely shared claim stated that the Government would now tax you if you have more than £10,000 in savings.

Evening Standard

Frankie Dettori named after HMRC anonymity battle over ‘tax avoidance scheme’

The jockey said that new advisers ‘are working hard to unravel the mess that I have been put in’.

The National (Scotland)

Money launderer linked to multibillion-dollar network had £1m in Scottish notes

A man who was part of a multibillion-dollar money laundering network run by two Russian millionaires and used by UK drug dealers to hide criminal…

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