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The Latest Breaking News from HMRC

Digital ID build will not be outsourced to private firm, says minister

The responsibility for the design, build and running of it will be within Government, according to Darren Jones.

Evening Standard

How ISA boom created more millionaires than the lottery

Despite the success of ISAs, many Britons admit they are more likely to keep spare cash at home

The Independent UK

UK recruiter emerges from insolvency for third time, avoiding millions owed in tax

Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a year

The Guardian - UK

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Frankie Dettori Bankruptcy Saga: Case Continues Following Surprise Court Extension

Champion jockey Frankie Dettori's bankruptcy is extended as he faces allegations of tax avoidance and undisclosed assets.

International Business Times UK

Thousands of investors ‘within touching distance’ of being Isa millionaires

Many investors are expected to join ‘millionaires’ row’ in the decade ahead, money app Plum said.

Evening Standard

Parents who gave birth from 1978-2010 'could be in line for £5,000' says Martin Lewis - how to claim

Parents may have missed out on a crucial benefit linked to state pension payouts

Evening Standard

Ed Davey accuses care home trustee of embezzlement amid watchdog inquiry

Lib Dem leader says crisis at William Blake House is ‘one of my worst nightmares’ after Guardian revealed inquiry into finances

The Guardian - UK

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A lot of UK firms still aren't remotely ready for Making Tax Digital

Landlords are more ready than sole traders for MTD – showing there's a need for more training, support and affordable/easy software.

TechRadar

Making Tax Digital: are you ready for HMRC’s self-assessment shake-up?

Tax authorities warn sole traders and landlords to act, as the biggest change to self-assessment in decades looms

The Guardian - UK

UK shelves £110m frictionless post-Brexit trade border project

Programme launched by last Tory government was worked on by Deloitte and IBM but was paused in 2024

The Guardian - UK

Firm that went bust owing £650k to HMRC offers staff Las Vegas trip after being bought by ex-owner

Acquisition by Premier Group Recruitment boss Andrew Woosnam appears to be example of ‘phoenixism’

The Guardian - UK

Record 1,000 UK taxpayers under 30 earned more than £1m last year

HMRC figures show 11% rise in young million-pound earners, with influencers and tech pay cited as key

The Guardian - UK

Cash-strapped parents unable to pay into children’s Junior ISA accounts

Parents have the ‘right intentions’ but everyday living costs are crowding out long-term saving

The Independent UK

Financial ‘pain’ for first-time buyers revealed in stamp duty figures

Money app Plum said that first-time buyers face particular difficulties, given the financial challenges they already have in raising a deposit.

Evening Standard

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The Independent UK

More than 750,000 young adults missing out on thousands – here’s how to check and claim

One young person said her fund ‘saved me from going into an overdraft or borrowing money’

The Independent UK

Warning issued over new salary sacrifice rules set to impact pensions

The schemes enable people to maintain their take-home pay as they end up paying lower national insurance contributions

Evening Standard

Salary sacrifice pension changes ‘could see people on modest incomes losing out’

From 2029, salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from national insurance contributions.

The Independent UK

HMRC shares urgent advice to anyone who has missed tax deadline

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The Independent UK

One million people face fines as HMRC tax deadline passes

People may be able to avoid a penalty if they have a reasonable excuse for filing late

Evening Standard

1m people miss self-assessment cut-off with 475,722 taxpayers filing on last day

Those who have missed the self-assessment deadline face a £100 penalty.

The Guardian - UK

HMRC thinks I am someone else – and it’s costing me £450 a month

Tax authority has associated a stranger’s national insurance number to my own, and is charging me as if I have two jobs

The Guardian - UK

Families call for inquiry into residential care charity that ran up £1.6m debt

William Blake House in Northants accused of mismanagement after revelation it paid one of its own trustees £1m

Evening Standard

Coronation Street's Simon Gregson turns to £37 curry nights amid £165k HMRC debt

The TV actor is working to repay a £165,000 debt to HMRC

Evening Standard

Last-minute rush for taxpayers with just hours before self-assessment deadline

Those who miss the January 31 deadline face an automatic £100 penalty, which could be followed by further possible fines.

The Independent UK

Expert tips for keeping Easter holiday costs down without spoiling the fun for kids

Experts explain how parents can manage the Easter holidays without breaking the bank

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