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The Latest Breaking News from HMRC

Martin Lewis issues ‘urgent’ last-minute warning for £50,000 state pension boost

The money expert has issued another warning with the deadline falling this week

The Independent UK

Reeves Red-Faced as UK Households Outsmart Inheritance Tax

Rachel Reeves has faced embarrassment after numerous UK households managed to avoid inheritance tax from HMRC.

The Fashion Central

A bitter blow? British pubs, restaurants and hospitality firms brace for rise in NICs

An increase in national insurance and a rising living wage, is leading to predictions of a hiring freeze across the sector. But not every economist agrees

The Guardian - UK

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read the most diverse news in one place.

Prosecution of people who help clients evade tax in UK falls by 75% in five years

Fewer than five criminal cases were brought against those who aid tax dodgers in 2023-24, down from 16 in 2018-19

The Guardian - UK

Rachel Reeves considers savings tax in bid to balance books

Rachel Reeves considers fresh tax raid on savers in bid to balance books

The Independent UK

Households brace for 'awful April' of bill increases

Energy, council tax, water, broadband, phone and water bills are all set to increase from next month

Evening Standard

Rachel Reeves considers fresh tax raid on savers in bid to balance books

HMRC estimates that an extra 893,000 people will have to pay tax on savings by 2028-29

The Independent UK

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Tax avoidance whistleblowers will earn share of HMRC proceeds, says Reeves

Chancellor promises ‘compensation’ for information on tax-dodgers, based on US model, in move to close £1bn ‘tax gap’

The Guardian - UK

Rachel Reeves hikes fines for paying tax returns late

About 1.1 million people missed the deadline to file their self-assessment tax return in 2024, according to HMRC.

The Independent UK

Reeves to raise spectre of Liz Truss to persuade Labour MPs to accept cuts

Chancellor to tell party she is making steep cuts to avoid similar fallout to that which followed 2022 mini-budget

The Guardian - UK

Are our ‘lost boys’ really being failed?

While sexist attitudes do harm outcomes, the ‘reverse gender gap’ is being weaponised against women

The Guardian - UK

What could Labour abolish next after NHS England was scrapped?

There are more than 300 ‘quangos’ in the UK – and the largest is now set to be axed

The Independent UK

Generation divide over income tax laid bare after significant post-pandemic shift

Latest HMRC data also shows retired baby boomers paying greater amount in income tax than working people under 30

The Independent UK

‘Saddened and embarrassed’ Frankie Dettori files for bankruptcy

Perhaps the most world’s famous jockey, Dettori has had an ongoing financial dispute with HMRC and has now filed for bankruptcy

The Independent UK

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news in one place.

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The Guardian - UK

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

Evening Standard

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.

The Independent UK

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 Fashion Central

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.

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news in one place.

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The Independent UK

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 National (Scotland)

Scottish Government appoints new top civil servant

Joe Griffin appointed top civil servant at the Scottish Government.

The Guardian - UK

‘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 National (Scotland)

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.

International Business Times UK

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.

The Independent 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

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