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The Latest Breaking News from HM Revenue Customs

Britain Is Changing How It Taxes Crypto. DeFi Users Will No Longer Face Immediate Capital Gains Bills.

The United Kingdom is overhauling the way it taxes certain cryptocurrency transactions, becoming one of the first major economies to formally recognize that lending digital assets and participating in decentralized finance liquidity pools do not always represent a meaningful change in ownership.

International Business Times

King Charles’ tax bombshell reveals monarch has paid more than £30million to HMRC

Buckingham Palace has disclosed the King’s voluntary income tax and capital gains tax payments for the first time, while Prince William has also released details of his own tax contributions as heir to the throne.

BANG Premier

Amazon fixes huge AWS outage that broke much of the internet – here's what happened

A huge AWS (Amazon Web Services) outage took out dozens of apps and services yesterday –here's what happened.

TechRadar

From analysis to the latest developments in health,
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Martin Lewis warns of urgent HMRC deadline as thousands risk missing tax refunds

Martin Lewis issues fresh warning as two urgent HMRC deadlines could affect thousands of families

Evening Standard

Number of higher-rate UK taxpayers expected to hit more than 7m this year

Frozen tax thresholds mean extra 500,000 to be taxed at 40% on some income in 2025-26, HMRC figures show

The Guardian - UK

Baby Boomers hold more than half of the UK’s housing wealth

Savills also estimates the demographic still has around £60bn in outstanding mortgage borrowing

The Independent UK

11.5m taxpayers file returns on time but 1.1m face charge after missing deadline

Thousands of people submitted their tax return with just minutes left to go before the deadline, according to HM Revenue & Customs.

Evening Standard

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Martin Lewis issues alert to Vinted users over 'side hustle tax'

Money Saving Expert founder Martin Lewis has issued a brief explanation on X about whether users of Vinted and other digital platforms will have to…

The National (Scotland)

Tax credits renewal packs to be sent out from early May

Around 1.5 million tax credits renewal packs for the 2023-24 tax year will be issued, HM Revenue & Customs said.

The Independent UK

Scientologists win the latest stage of ‘public worship’ legal fight

Two appeal tribunal judges have concluded that the chapel at a London Scientology church is a ‘place of public religious worship’

The Independent UK

People urged to check tax code on payslip this year to avoid being underpaid

Money Saving Expert (MSE) are warning people to check their tax codes to ensure that they are not being underpaid and paying too much tax each month. Here's how to find your tax code and what to do if you think you are on the wrong tax code.

Edinburgh Live

Tax code to look out for on your pay slip to avoid being underpaid

According to the Money Saving Expert website, it is the taxpayers responsibility to check that their tax code on their payslip is correct - not their employers or HM Revenue and Customs.

Glasgow Live

Covid furlough scheme ‘lost billions of pounds to error and fraud’

Government insists compliance checks minimised fraud from start of scheme

The Independent UK

Covid furlough scheme lost billions of pounds to error and fraud, says watchdog

‘Billions went to people whose incomes increased during the pandemic, and billions more was lost in fraud and error,’ the National Audit Office said.

The Independent UK

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The Independent UK

Tory MP facing bankruptcy proceedings given time to raise money

Judge Sally Barber on Tuesday approved a plan for Adam Afriyie, who represents Windsor, to sell a property.

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