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The Latest Breaking News from HMRC

Number of ‘Isa millionaires’ surges to more than 4,000

Average Isa millionaire pot was £1,397,000, according to HMRC figures

The Independent UK

Number of ‘Isa millionaires’ tops 4,000

Average Isa millionaire pot was £1,397,000, according to HMRC figures obtained by financial services network the Openwork Partnership.

The Independent UK

Scot with MND calls on 'robbing' UK Government to pay pensions for terminally ill

A SCOT forced to end his career early because of a debilitating illness that will likely kill him has called on the UK Government to allow the…

The National (Scotland)

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Terrorists are using fraud to fund their activities – the UK government needs to act urgently

Fraud is one of the most popular methods now used to fund terrorist activities. But the connection between fraud and terrorism financing in the UK has been overlooked by successive governments, despite an acknowledgement of that link.

The Conversation

How to boost your finances with passive income

High inflation and rising interest rates may force many households to consider ways to generate extra income to cope with the rising cost of living.

The Week

House sales down by 15% in June compared with same month in 2022

Home transactions were 6% higher in June than in May, but this may be explained by a higher number of working days in June, HMRC said.

The Independent UK

Tax relief system needs overhaul to prevent abuse, say MPs

Treasury committee report says tax system is too complicated and finds two-thirds of relief policies are uncosted

The Guardian - UK

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Almost a million young adults yet to claim their child trust funds, MPs say

Many are from low-income backgrounds and are unaware of their entitlement to the savings, according to a Public Accounts Committee report.

The Independent UK

Tangled tax break approach needs drastic overhaul, MPs warn

An inquiry by the Commons Treasury Committee expressed concern about a serious lack of scrutiny of the tax reliefs.

The Independent UK

Former Tory councillor's PPE firm 'owes £5.5 million in tax'

A FORMER Tory councillor’s PPE firm is facing a winding-up order over £5.5 million in unpaid tax.

The National (Scotland)

We put your mortgage questions to two leading experts, here's what they said

As mortgage panic continues, we've answered the most common questions - from when mortgage rates will come down, to when you actually have to pay stamp duty

Ideal Home

Back from the brink: takeover brings optimism back to ailing Wigan

After dark days and fears for the future, Wigan can see the light once more, says manager Shaun Maloney

The Guardian - UK

MPs must close loophole to drive out dirty money from UK property

With legislation to tackle hidden ownership delayed until autumn, the job must not be half-done

The Guardian - UK

UK operating licence of William Hill owner 888 placed under review

Move by Gambling Commission leads company to break off talks with prospective leadership trio

The Guardian - UK

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Evening Standard

William Hill owner 888 warns licence could be at stake as watchdog probes new investors

Kenny Alexander, who built the business now known as Entain before a shock exit, led a vehicle that bought a stake in 888 last month

The Guardian - UK

HMRC has paid my £1,617.60 tax refund to an agent, but I don’t know why

Tax Returned has my money but there’s no way to make contact with it

Chronicle Live

DWP error means up to 10 million Universal Credit claimants risk being underpaid

Some may have bought National Insurance contributions to top-up their state pension when they didn't need to, report finds

Birmingham Post

Prominent Newcastle city centre café Société up for sale with £65k price tag

The Grey Street eatery is on the market a little more than a year after opening

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Daily Record

HMRC warns Tax Credits payments for 300,000 people due to stop at end of this month

Time is running out for people to renew their claim or they could miss out on money.

The Independent UK

Southend United given more time to clear tax debt

Chairman Ron Martin told a judge on Wednesday that more time was needed to complete a sale of the club.

Nottingham Post

Price of every alcoholic drink to change from August 1 - here is exactly how much

The price of every alcoholic drink you buy in a pub, bar, restaurant or shop is set to change

Birmingham Post

Multimillion-pound HMRC head office scheme in Newcastle reaches milestone

A special ceremony was attended by representatives from HMRC, Newcastle City Council, Reuben Brothers, Bowmer and Kirkland and the project development team

Daily Mirror

Warning as up to 10 million people risk being underpaid in huge DWP blunder

The Department for Work and Pensions (DWP) used to automatically add National Insurance credits to claimants' records - but switched to doing this manually from 2017/18

Nottingham Post

HMRC Child Benefit warning to some parents or guardians ahead of August 31 deadline

HM Revenue and Customs (HMRC) guidance states that Child Benefit payments will continue after the child's 16th birthday is reached until one of four deadlines is reached.

Daily Record

New Universal Credit transfer update for people on Tax Credits in certain parts of Scotland

More claimants will start receiving Managed Migration notices from DWP next month.

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