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The Latest Breaking News from HMRC

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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HMRC urges 758,000 adults to check if they have unclaimed child trust fund worth thousands

More than half a million young adults haven’t claimed savings from accounts set up between 2005 and 2011

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 Independent UK

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".

The National (Scotland)

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

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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 Guardian - 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 Independent 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?

The Guardian - UK

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

GoodToKnow

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.

International Business Times UK

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

GoodToKnow

A Jaffa Cake Musical and The Gummy Bears’ Great War: Edinburgh fringe stages battles with bite

A zesty courtroom drama about cakes (or biscuits?) and a combat epic using dozens of jelly teddies offer sweet and sour clashes at the festival

The Guardian - UK

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The Independent UK

Fake HMRC scam letters target small business owners in latest attack

An accountancy firm raised the alarm on social media warning others of the scam

The Guardian - UK

Caterer that paid up over mice in school kitchen returns to profit

ABM, owned by the billionaire Coates family, was also named and shamed for not paying staff the minimum wage

The Guardian - UK

Tory donor Lycamobile handed HMRC winding-up order amid tax dispute

Loss-making pay-as-you-go sim card seller had been embroiled in eight-year VAT battle

Cycling Weekly

'I should have paid more attention to my financial affairs' - Bradley Wiggins opens up about bankruptcy

Former Tour de France winner was declared bankrupt in June

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Cycling News

'I wasn't aware of this mess until I was deep into retirement' - Bradley Wiggins explains financial challenges that led to bankruptcy

Speaking on the WEDU podcast, Wiggins offers a candid insight into his financial situation and his financial oversight during his racing career

International Business Times UK

Katie Price Says She'll Become An Escort For Company, Not Sex, To Deal With £760K Bankruptcy

Katie Price has announced that she would consider becoming an escort for companionship, not sex, to address her financial issues following her £760,000 bankruptcy declaration.

The Guardian - UK

Are the authorities powerless to stop Tommy Robinson’s online output?

New laws may make it easier to pursue far-right activist over alleged role in spreading disinformation

The Guardian - UK

‘Free money’: £4bn lost to fraud and error on flagship HMRC ‘innovation’ scheme

UK tax credits to promote research and development were claimed by a pub for changing its menus and by window cleaners for hanging their buckets

The Independent UK

House sales increased by 8% annually in June – HMRC figures

An estimated 91,370 transactions were made, which was 8% higher than June 2023 but slightly lower than in May, HM Revenue and Customs said.

Evening Standard

Katie Price's legal troubles explained: From DUI to bankruptcy and Heathrow Airport arrest

Price is battling a £760,000 unpaid tax bill after second bankruptcy declaration

The Guardian - UK

Super-rich being advised how to avoid Labour tax clampdown, undercover investigation suggests

Revealed: Wealthy being pitched offshore products said to shelter fortunes from inheritance tax and capital gains tax

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