Finance News – Hmrc
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Number of higher-rate UK taxpayers expected to hit more than 7m this year
Due to unchanged income tax thresholds since 2021, an additional half a million individuals in the UK will face a higher marginal tax rate on certain earnings in the upcoming fisca...
Read Full Article →Upper Tax Tribunal dismisses JP Morgan Chase Bank VAT appeal
The tribunal’s decision upholds HMRC’s stance on VAT for intra-group transactions, potentially impacting the financial liabilities and tax strategies of multinational banking insti...
Read Full Article →HMRC has ‘lost control’ of small businesses as missing tax hits 40%
A substantial portion of unpaid taxes originates from smaller companies, which represent nearly two-thirds of total outstanding revenue, indicating significant challenges in tax co...
Read Full Article →Gino D’Acampo: Restaurant empire’s huge debts revealed before rescue
The financial troubles of Gino D’Acampo’s business became apparent as the company faced significant liabilities exceeding £11 million, leading to administration proceedings prior t...
Read Full Article →Rob Cross: Darts star banned as director over unpaid tax of £450,000
Rob Cross has received a five-year prohibition from holding directorships following his company’s significant failure to settle a tax debt exceeding £460,000 with HM Revenue and Cu...
Read Full Article →100,000 UK taxpayer accounts hit in £47m phishing attack on HMRC
HM Revenue and Customs experienced a significant cybercrime incident affecting around 100,000 taxpayer accounts, resulting in millions of pounds lost, though individuals impacted a...
Read Full Article →HMRC eyes prosecution powers in tax evasion clampdown
HMRC is focusing on enhancing its ability to take legal action against individuals involved in tax evasion to improve revenue collection and ensure compliance with tax regulations.
Read Full Article →HMRC review signals potential pension tax changes in Autumn
A government review of workplace retirement plans may lead to adjustments in tax advantages for pension contributions, potentially affecting the savings and financial planning of i...
Read Full Article →UK HMRC mandates crypto exchanges must share user data starting 2026
Beginning in 2026, digital asset platforms operating in the UK will be required to provide detailed client information to tax authorities, enhancing regulatory oversight and compli...
Read Full Article →Former footballers claim ‘financial grooming’ took them to ‘hell and back’
Several former professional footballers have faced serious financial consequences after investing in unsuccessful schemes, resulting in tax avoidance allegations and substantial pe...
Read Full Article →Uber wins multimillion-pound reprieve on disputed UK tax payments
The recent legal outcome has relieved the ridesharing company from a substantial VAT liability, potentially affecting its financial obligations and cash flow in the UK market.
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