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HMRC News
HMRC warns it’s time to declare offshore assets
2nd Aug 2018 | Posted by:HM Revenue and Customs (HMRC) is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to avoid higher tax penalties.
Read More£33bn tax gap shows avoidance activity in decline
18th Jun 2018 | Posted by:Recent figures from HMRC have revealed that the UK ‘tax gap’ equated to 5.7% of total tax liabilities for the 2016/17 tax year. The term refers to the difference between the amount of tax that is theoretically payable to HMRC, and the amount that is actually received.
Read MoreHMRC calls for volunteers for Help to Save trial
13th Jun 2018 | Posted by:HMRC is inviting individuals who are eligible for tax credits to participate in the Help to Save scheme trial.
Read MoreBuy-to-let landlords face smaller CGT payment window
12th Jun 2018 | Posted by:Owners of second homes and buy-to-let (BTL) landlords face a much shorter period in which to pay any capital gains tax (CGT) due on property sales from April 2020, the Association of Taxation Technicians (ATT) is warning.
Read MoreHMRC ramps up tax yield from big business investigations by 17%
10th May 2018 | Posted by:HMRC is raking up its biggest successes and highest yields from investigations into tax compliance by large businesses, which produced £77 for every £1 spent last year, with an estimated £24.8bn recovered
Read MoreNew digital pension schemes service is delayed
10th May 2018 | Posted by:The launch of the government’s new digital pension scheme platform has been delayed, HMRC has announced. Under the new system, HMRC is moving pension scheme registration and administration onto a new digital platform, with the stated aim of improving the service for pension scheme administrators.
Read MoreWatch out for HMRC cold caller scam
3rd May 2018 | Posted by:The Low Incomes Tax Reform Group (LITRG) is warning taxpayers about a scam by fraudsters who leave automated messages purporting to be HMRC and saying the person is under investigation for unpaid taxes.
Read MoreHMRC pensions website advice blunder
20th Apr 2018 | Posted by:HMRC has been forced to temporarily remove an online calculator which gave incorrect information about annual pension allowances, following complaints from Royal London
Read MoreTwo thirds of UK businesses lack post-Brexit VAT strategy
23rd Mar 2018 | Posted by:Businesses are failing to prepare for the impact exit from the EU will have on their tax affairs, according to research by BDO which found that 65% of UK companies lack a formal VAT strategy
Read MoreCharities ‘missing out’ on Gift Aid
23rd Mar 2018 | Posted by:HMRC is urging the public to declare Gift Aid on their charitable donations after research found that UK charities are missing out on £600 million in extra funding.
Read MoreTax-Free Childcare opens to all parents with children under 12
14th Feb 2018 | Posted by:From today, all working parents with children under 12 can apply for up to £2,000 of childcare support per child, per year.
Read MoreGovernment moves to tackle scam text messages sent to taxpayers
26th Jan 2018 | Posted by:HMRC has moved to block the sending of unsolicited scam text messages to taxpayers, the government has revealed.
Read MoreSignificant number of tax returns filed over festive period
9th Jan 2018 | Posted by:Figures published by HMRC have revealed that a significant number of taxpayers filed their self-assessment tax returns over the festive period.
Read MoreEnd of personal credit card payments to HMRC
14th Dec 2017 | Posted by:From January, individual taxpayers will not be able to use personal credit cards to settle tax bills with HMRC. Read more here.
Read MoreHMRC stops use of personal credit card to pay employer PAYE penalties
13th Oct 2017 | Posted by:Employers will not be able to use personal credit cards to settle outstanding PAYE late payment penalties, read more about this story here.
Read MoreHMRC Frequently ‘Overstepping The Mark’
15th Aug 2017 | Posted by:Taxpayer enquiries are becoming more common, but HMRC are frequently “overstepping the mark” Read more about this in our informative news article now.
Read MoreTax Credit Renewal – One Week To Go
15th Aug 2017 | Posted by:The online renewals system is now easier and more accessible, allowing customers to track the process of their renewal. Read about tax credit renewal here.
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