The Treasury has unveiled plans to reward insiders who blow the whistle on tax avoidance or fraud, offering payments of up to 25 per cent of the extra revenue raised.
Category: Finance
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HMRC raises threshold for self-assessment to £3,000
HM Revenue & Customs (HMRC) is poised to lift the threshold for filing self-assessment tax returns to £3,000, a move expected to spare an estimated 300,000 people the burden of completing annual returns.
HMRC lowers late payment interest following Bank of England rate cut
HMRC is cutting late payment interest to 7% following the Bank of England’s rate cut—but taxpayers still face double the interest rate on overdue tax bills compared to refunds.
Bryan Robson secures partial victory in IR35 dispute with HMRC
Ex-England captain Bryan Robson part-wins IR35 tax case vs HMRC over his Man Utd ambassador role, fuelling debate on off-payroll rules and the ‘IR35 Decade Club.’
Businesses using AI to file R&D tax claims risk HMRC rejection
Businesses using AI to file R&D tax claims risk HMRC rejection if there’s no human oversight, warn experts. Quality checks and adviser input remain crucial.
Looking ahead to 2025: Increased costs for employers
The new year is an excellent opportunity for businesses to review their finances and plan effectively for the months ahead.
New tax checks on side hustles like eBay and Vinted risk confusion over different reporting periods
HMRC is set to receive income details from online platforms like eBay and Vinted, but tax experts warn that mismatched reporting periods could catch UK sellers off guard.
Make tax-savvy new year’s resolutions to cut stress and save money
Taxpayers stand to save both money and headaches in 2025 by committing to better tax practices in the year ahead, according to leading audit, tax and business advisory firm Blick Rothenberg.
5.4 million yet to file self-assessment tax returns, warns HMRC
Millions of people across the UK are at risk of penalties after HM Revenue & Customs (HMRC) revealed that 5.4 million taxpayers have yet to submit their self-assessment tax return.
HMRC calls on businesses to come clean about accidental R&D tax overclaims
HMRC launches new disclosure service to tackle accidental R&D tax overclaims, with firms urged to come forward if they overstated relief.
Case closed: HMRC settles £4.9m tax case with Gary Lineker
Gary Lineker and HMRC settle IR35 dispute out of court
Freelancers warned of hefty tax bills as HMRC issues new guidance on managed service companies
HMRC warns freelancers about Managed Service Companies (MSCs), complex tax setups that could lead to hefty tax bills. Learn how new guidance could impact independent workers and why vigilance is crucial.
Gary Lineker liquidates Goalhanger Films ahead of capital gains tax increase
Gary Lineker liquidates Goalhanger Films ahead of capital gains tax increases, strategically benefiting from current tax rates while focusing on the growth of Goalhanger Podcasts.
HMRC targets specialist agents in crackdown on R&D tax credit fraud
HMRC’s review finds higher non-compliance in R&D tax credit claims involving specialist agents, costing £4.1bn. Crackdown impacts genuine businesses seeking innovation funding.
Loose Women’s Kaye Adams prevails in ten-year battle with HMRC over IR35 tax dispute
Loose Women’s Kaye Adams has won her decade-long battle with HMRC over a disputed £124,000 tax bill, with the tax authority deciding not to appeal. Read more on her fight for self-employment rights.
