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The Latest Breaking News from HMRC

Why businesses need a clearer definition of R&D in the age of digital innovation

UK businesses risk losing R&D tax credits without clearer definitions and smarter digital tools.

TechRadar

Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult Budget next month

The Independent UK

Winter Fuel Payment Warning: Are You One of Two Million Pensioners Facing a £300 Tax Bill?

Two million UK pensioners may need to repay up to £300 after new income rules change Winter Fuel Payment eligibility.

International Business Times UK

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HMRC Can Seize £300 From Your Account—Are You on Their Hit List?

HMRC has confirmed a £300 deduction from winter fuel payments for UK pensioners receiving certain benefits. Critics warn the move could worsen energy poverty among vulnerable households.

International Business Times UK

Two million pensioners could have to repay up to £300 to HMRC - will it be taken from bank accounts?

HMRC is set to reclaim the money owed through tax, rather than direct from bank accounts

The Independent UK

Tax authorities examine finances of key Nigel Farage ally

Exclusive: HMRC conducts scoping exercise into Reform UK backer ‘Posh George’ Cottrell’s income from business and wealth

The Guardian - UK

Revealed: The Explosive Flaws Behind Property118's Tax Scheme Now Under HMRC Fire

Property118's growth shares FIC scheme faces HMRC scrutiny in 2025 over valuation errors, IHT charges, and tax avoidance, potentially costing landlords £170,000 upfront.

International Business Times UK

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Football’s colossal unpaid taxes revealed as England legend is declared bankrupt

The tax authorities are ‘clamping down on directors and individuals who seek to avoid paying tax’ according to an insolvency expert

FourFourTwo

Liverpool legend John Barnes declared bankrupt after company racks up £1.5m debt

The Liverpool legend ran up £1.5m in debt through his media firm

The Independent UK

Over 750,000 people could be owed thousands of pounds and not know about it

Some 758,000 18 to 23-year-olds have yet to claim their matured child trust fund, HM Revenue and Customs said

The Independent UK

Savings windfalls worth £2,242 on average waiting for 758,000 young adults

Some 758,000 18 to 23-year-olds have yet to claim their matured child trust fund, HM Revenue and Customs said.

Evening Standard

Meet the industry bosses running UK Government departments

THE former CEO of BAE Systems, the British Airways executive who oversees its lobbying team, the chairman of the Petrochemical giant Ineos and…

The National (Scotland)

Kate Garraway discusses dating and finding love again after the death of husband Derek Draper

The TV star sadly lost her husband last year after a long battle with Covid

Evening Standard

The 11 towns where banking hubs may open after Lloyds shuts 49 branches

Link has so far recommended 244 hubs and 186 are up and running across the UK.

The Independent UK

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The National (Scotland)

Former Highlands hotel boss barred from company director roles over tax debt

A FORMER Isle of Skye hotel boss has been banned from being a company director after failing to pay thousands in tax debt

The Independent UK

HMRC to resume tax programme it paused during Covid

IN FULL

The Independent UK

HMRC to resume taking tax owed by debtors directly from their bank accounts

The Government said in the spring statement that HMRC would restart DRD for those who choose not to pay

Evening Standard

HMRC to dip into debtors’ bank accounts to recover owed tax

Direct recovery of debts is used when a person or business can afford to pay what they owe but are choosing not to.

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news in one place.

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International Business Times UK

Martin Lewis Savings Account Warning: Got £10,000 In Your Bank Account? You Could Get Higher Tax

Martin Lewis warns UK savers with £10k+ that frozen 2025 allowances could trigger tax on interest. Explore PSA limits, starting rate relief, and £20k cash ISA shields to avoid HMRC bills.

Creative Bloq

5 common mistakes made by creative freelancers juggling incomes, by a tax expert

Tips for handing tax without drama.

The Guardian - UK

Insolvent UK recruiter acquired by previous owner who took millions out

Premier Group Recruitment went into administration with debts of £2.9m – including £647,000 owed in tax

Evening Standard

HMRC handed out £5.5m in late tax return fines in one year

The initial fine of £100 increases by £10 a day to a maximum of £900.

The National (Scotland)

How Scottish public sector workers are being put at risk from tax avoidance schemes

Scottish companies are roping NHS and council workers into veiled tax avoidance schemes that could see them hit with big unexpected tax bills ...

The Guardian - UK

Reform UK receives £100,000 donation from design firm that faced winding-up petition

Exclusive: Interior Architecture Landscape, which faced closure by HMRC early this year, made donation in June

The Guardian - UK

On the road with the minister tasked with defending Britain’s painful aid cuts to Ghana

Jenny Chapman is shown the impact of her government’s ever-diminishing assistance on her first trip accompanied by the media since taking charge of development

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