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The Latest Breaking News from HMRC

Savers urged to check tax bills after HMRC error led to overcharging

The glitch means that savers are not having their tax-free allowances applied

The Independent UK

What is ‘toddler tax’ that could see some parents paying VAT on nursery fees?

Government’s scrapping of independent schools’ VAT exemption from January could also hit some nursery classes

The Independent UK

Wise boss fined £350,000 for not telling FCA he had failed to pay tax

Kristo Käärmann failed to notify City regulator of fine from HMRC related to share sale

The Guardian - UK

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Wise boss Kristo Käärmann fined £350,000 by City watchdog over tax blunder

Fintech boss failed to tell the FCA about his earlier fine from HMRC for failing to disclose a CGT liability

Evening Standard

Wise boss fined £350,000 over failure to report ‘significant tax issue’

The Financial Conduct Authority said Kristo Kaarmann failed to initially notify the regulator about a previous tax issue and fine.

Evening Standard

Thousands are fined by HMRC even though they don’t owe any UK tax

Campaigners call for reform after more than 83,000 low earners are hit by HMRC penalties

The Guardian - UK

Regulators urged to examine UK business dealings with Bangladeshi ex-minister

HMRC and FCA asked to look into property deals by Saifuzzaman Chowdhury now under investigation in Dhaka

The Guardian - UK

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'Incorrect': Scottish arts venue issues statement amid '£500k HMRC tax battle'

AN ARTS centre in Scotland has lodged a defence against a “winding up” legal action, arguing "no corporation tax is due"

The National (Scotland)

Voices: Independent readers call for more vaping and smoking regulations as ban on disposables looms

THE INDEPENDENT DEBATE: With the UK government planning to ban disposable vapes next summer, readers want them to go even further

The Independent UK

HMRC urges workers to secure full state pension payments as deadline looms

There are less than six months left for people who need to secure their state pension

The Independent UK

Millionaire business owners urge Rachel Reeves to raise £14bn from rise in capital gains tax

Group of wealthy investors argue it would have no impact on investment in the UK and would raise vital funds for public services

The Guardian - UK

How will the employer National Insurance rise affect you?

One expert has called the Labour measure a “straightforward breach” of its manifesto

The Independent UK

East London man jailed after sending night vision sniper sights to the Taliban

Choudhary was caught after customs officers at Heathrow Airport seized some of the equipment

Evening Standard

HMRC pension warning as deadline to boost your State Pension approaches

More than 10,000 people have boosted their state pensions by a combined £12.5 million in the last six months

The National (Scotland)

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news in one place.

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The Independent UK

‘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 National (Scotland)

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 Guardian - UK

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 National (Scotland)

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 ...

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Digital Camera World

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"

The National (Scotland)

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 Independent UK

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 Guardian - UK

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 Independent 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 National (Scotland)

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 Guardian - UK

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

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