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The Latest Breaking News from HMRC

‘Retirement super pot’ holders pay themselves around £3m each in a year

Titan Wealth Planning, which obtained the figures, warned some pension holders may potentially see their tax liability dramatically increase.

The Independent UK

The Hearts fan who fought to save Rangers and rid Scottish football of sectarianism

Hearts fan Alex Salmond helped to stop the Gorgie club going into liquidation - but he also fought to save Rangers and rid Scotland of sectarianism.

The National (Scotland)

Eton among elite private schools set to cash in on windfall from new VAT rules

VAT-registered schools will be able to claim refunds for tax paid on capital projects over past 10 years

The Guardian - UK

From analysis to the latest developments in health,
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Press watchdog knocks back Michelle Mone's husband over 'offensive' Daily Mail story

A NEWSPAPER was justified in reporting that Michelle Mone’s husband made millions from tax avoidance schemes that led to suicides ...

The National (Scotland)

Rankin's advertising business files for bankruptcy amid "Tough shift in creative landscape"

Describing it as a "big shock," Rankin said the bankruptcy was caused by an "unforeseen tax bill"

Digital Camera World

Future of Scottish arts venue cast into doubt as centre hit with HMRC order

AN ARTS centre in the Scottish capital is facing further trouble after being hit with a “winding up” legal action ...

The National (Scotland)

Reeves facing unlikely alliance of private schools, unions and tax experts calling for VAT delay

Anger is growing over Labour’s plans to impose VAT on private school fees midway through the academic year

The Independent UK

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Doubts grow over Labour’s VAT plan for private schools

Confusion over 1 January start date as unions, tax experts and school leaders say it is unworkable

The Guardian - UK

Former chancellor Nadhim Zahawi admits football hooligan past: ‘I went out looking for fights’

Zahawi was sacked by Rishi Sunak as Tory party chair over his tax affairs

The Independent UK

The Scottish firms owing millions in tax and penalties named and shamed

FOUR Scottish firms have been named by HMRC for failing to pay tax and penalties totalling more than £2 million ...

The National (Scotland)

Nadhim Zahawi’s lawyers ‘breached code to stifle HMRC revelations’

Former chancellor’s solicitor accused of breaching code of conduct by threatening legal action against tax campaigner

The Guardian - UK

HMRC accused of facilitating fraud by firms seeking rebates on behalf of unwitting taxpayers

One woman says an invented claim for £5,000 that was sent to HMRC without her knowledge bore someone else’s signature

The Guardian - UK

How to work freelance, plan ahead and stay afloat in the UK

You’ll need to decide how to trade, where to work, and how to manage your self-assessment account

The Guardian - UK

How to make the most of the forgotten thousands in child trust funds

After HMRC urged young Britons to claim the windfalls from CTF accounts, we look at the best ways to maximise the benefits

The Guardian - UK

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The Independent UK

HMRC urges Gen Z adults to check if they have unclaimed child trust fund worth thousands

Over half a million young adults could be missing out on funds worth thousands

The Independent UK

Gen-Z age group urged to check whether they are sitting on unclaimed pot of cash

The average child trust fund is worth more than £2,200.

The National (Scotland)

Craig Whyte claims HMRC official admitted error over Rangers insolvency 'disaster'

Craig Whyte has claimed a senior HMRC official admitted a deal should have been struck with Rangers to avoid the insolvency "disaster".

inkl

Top Tips to Getting an Online Jewellery Valuation

While jewellery is often bought to be worn, it can be worth seeking a valuation on pieces so that you have a good idea what your collection may be worth.

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news in one place.

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The Guardian - UK

Mandelson-backed Bank of London reveals £42m in fresh funding days after winding-up petition

Clearing bank’s future was thrown into question by HMRC action over unpaid taxes last Thursday

The Guardian - UK

Billions lost from small retailers in tax evasion, says watchdog

National Audit Office says trail of tax debts left by small UK retailers is widespread and increasing every year

The Independent UK

Nadhim Zahawi sparks backlash after tweeting photo of homeless man in one of London’s richest areas

The former Tory chairman, who was sacked over an HMRC probe into his tax affairs, posted the picture alongside the caption: “This is now in Mayfair, just walked passed [sic]. what is going on?’

The Guardian - UK

The Boy from Baghdad: From Waziriyah to Westminster by Nadhim Zahawi review – an unlikely journey

The disgraced ex-chancellor’s bullish memoir makes much of the obstacles he overcame to hold a number of ministerial posts, but how does he square his support for migrants with his presence in cabinets so hostile to refugees?

GoodToKnow

Simple HMRC code promises parents up to £4k - but it has to be used this week

This little-known code could save you up to £4,000 per year on childcare, but you only have until Saturday to use it

International Business Times UK

From £40M Net Worth To Bankrupt And Still Splurging On Plastic Surgery: Where Did Katie Price's Money Go?

Once a household name with a net worth of £40 million, Katie Price has faced a sharp financial decline, marked by repeated bankruptcies, legal troubles, and the suspension of her TikTok income, all while she considers unconventional strategies to regain her lost fortune.

GoodToKnow

Parents of teens who have just taken their GCSEs urged to check child benefit status ahead of August deadline

With a child benefit deadline looming, some parents could see their payments reduced or stopped altogether - here's why

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