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The Latest Breaking News from HMRC

100,000 UK taxpayer accounts hit in £47m phishing attack on HMRC

MPs on Treasury committee hear that those affected were being contacted and would face ‘no financial loss’

The Guardian - UK

HMRC lost £47m after criminals breached 100,000 taxpayer accounts, MPs hear

HMRC has lost £47 million after an “organised crime” breach of tax accounts, a group of MPs has heard ...

The National (Scotland)

100,000 HMRC accounts hit as scammers steal £47m in phishing attack

Taxpayers who are being contacted will suffer ‘no financial loss’

The Independent UK

From analysis to the latest developments in health,
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HMRC has lost £47 million in breach of 100,000 taxpayer accounts, MPs hear

Taxpayers who are being contacted will suffer ‘no financial loss’, according to John-Paul Marks, the chief executive of HMRC.

Evening Standard

Understanding HMRC's £1,400 Letters: What They Mean and Why You Might Not Owe Anything

HMRC is sending £1,400 tax bills, but you may not owe a penny. Learn how to check, challenge, and avoid overpaying tax.

International Business Times UK

House sales ‘plunge’ in April as stamp duty deadline ends buyer stampede

The dip was attributed to changes to stamp duty in April which mean buyers have to find a larger lump sum

Evening Standard

The 44 Scottish firms named and shamed for failing to pay minimum wage

Pizza Express, Lidl, British Airways, and outsourcing firm Capita are among the British businesses named by the Government for failing to pay some…

The National (Scotland)

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How your pension salary sacrifice works – and what HMRC tax changes would cost you

Workplace contributions have proven a key part of improving people’s future wealth

The Independent UK

Kate Garraway 'shocked' by £288,000 tax bill amid debt struggles after husband Derek Draper's death

Kate Garraway has expressed her shock after the latest details of her financial struggles were revealed following her husband Derek Draper's death.

Evening Standard

HMRC collects £780m in just one month of inheritance tax

IHT is expected to raise in excess of £9bn for the Treasury this financial year

The Independent UK

Some first-time buyers accessing bumper Lifetime Isa deposits of £50,000-plus

Savings app Plum found that the top 25 withdrawals made to buy a home in the financial year 2022-23 averaged £51,000.

Evening Standard

Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Evening Standard

Wealthy Britons avoiding more tax than previously thought, spending watchdog says

NAO says tax gap for rich individuals may be much more than £1.9bn and urges ministers to redouble efforts

The Guardian - UK

Former footballers claim ‘financial grooming’ took them to ‘hell and back’

Politicians and former footballers have protested at the ‘financial grooming’ of Premier League stars who claim they were misled over investment schemes

The Guardian - UK

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news in one place.

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The Guardian - UK

There’s one slight issue with Labour’s immigration plans: they’re completely untethered from reality

The government’s new policy will take us back to an uglier, more dangerous place – and it’s not even supported by the data, says professor of public policy Jonathan Portes

Evening Standard

Record 299,419 returns filed in first week of new tax year, says HMRC

There were 57,815 ‘early filers’ on the first day of the new tax year, which was a Sunday.

The Guardian - UK

HMRC under fire for taking more than four months to process tax refunds

Reported delays come as tax office says it is shutting free-to-use online filing service used by some small businesses

Evening Standard

‘Lumbering dinosaur’ HMRC becoming more expensive and less trusted, say MPs

The Commons Public Accounts Committee found the cost of collecting taxes rose by £563 million over the last parliament, while productivity fell.

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news in one place.

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TechRadar

HMRC launches £1 billion bid for new CRM system

The winning bid will enter into a 15-year contract with HMRC worth £1 billion, and SMEs are being encouraged to apply.

TechRadar

The IT challenge of real-time e-invoicing amid compliance shifts

Kathya Capote Peimbert at Vertex explains the business imperative of real-time e-invoicing amid regulatory changes.

Evening Standard

Harry Potter star Rupert Grint shares picture of second child with Georgia Groome

Rupert and partner Georgia Groome were spotted out and about in Hampstead with their newborn

The National (Scotland)

Four people linked to Scottish restaurant empire accused of '£1.1m VAT fraud'

FOUR people linked to a Scottish restaurant empire are accused of a £1.1m VAT fraud ...

The National (Scotland)

Prince Andrew linked to Michelle Mone's PPE firm, business filings show

PRINCE Andrew's business partner is involved in the PPE firm linked to Michelle Mone, documents have shown ...

The Guardian - UK

UK taxpayers contributed £89m to the most expensive movie ever made

Scheme to boost British film industry leads to Universal Pictures pocketing millions of pounds for blockbuster Jurassic World: Rebirth

The Fashion Central

Millions could be missing out on £626 tax break you don’t need to be fully blind to claim

The new tax year has kicked off, and while most of us are bracing for the usual HMRC letters, tax code changes and calculations.

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