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The Latest Breaking News from HMRC

US Multinationals Accused of Underpaying £5.6 Billion in UK Taxes

US multinational companies contribute almost half of the total underpaid tax from foreign companies to the UK treasury.

International Business Times UK

US multinationals underpaid £5.6bn in tax in UK last year, HMRC believes

Total of £11.5bn in missing tax from foreign companies is suspected for 2022-23, according to UHY Hacker Young

The Guardian - UK

Queue time for UK tax helplines now worse than in pandemic

Anger from MPs and experts after HM Revenue and Customs curbs phone advice until after January deadline

The Guardian - UK

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Self-assessment helpline will focus on ‘priority queries’ in run-up to deadline

Treasury Committee chairwoman Harriett Baldwin has written to HMRC CEO Jim Harra ‘to get much-needed answers about what this means for taxpayers’.

The Independent UK

Tax self-assessment: Thousands rushing to complete forms by Jan 31 deadline to be pushed to online services

The influential Treasury Commons committee criticised the lack of warning to the public of the change in policy which starts on December 11

Evening Standard

Where do we find the £100bn needed to fix Britain? Margaret Hodge has the answer

In the Commons, she ripped into the Tories’ economic mismanagement – and pointed a way forward for Labour, says Guardian columnist Polly Toynbee

The Guardian - UK

Judge dismisses bankruptcy petition lodged by tax officials against John Barnes

But Judge Mark Mullen heard the former Liverpool footballer is facing another claim from the liquidators of a company he used to run.

The Independent UK

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Revealed: Cost of running UK Government’s ‘PR stunt’ HQ in Edinburgh

THE cost of running the UK Government’s flagship hub in Edinburgh has been revealed to add up to £11million annually, prompting accusations money…

The National (Scotland)

Ladbrokes and Coral owner to pay £585m to settle HMRC bribery inquiry

Gambling giant Entain reaches deal over past practice at company it owned in Turkey

The Guardian - UK

Sunak must investigate David Cameron’s Greensill tax affairs, says Labour

Labour also urges new foreign secretary to reveal his links to a Chinese port project

The Independent UK

Labour calls on Sunak to account for Cameron’s tax affairs at Greensill

New questions raised over appointment of foreign secretary as a result of his remuneration from lender that collapsed in scandal

The Guardian - UK

HMRC ‘examining David Cameron’s Greensill benefits including private flights’

HMRC officials are examining private flights taken by the former prime minister during his time lobbying for Greensill Capital

The Independent UK

Cameron’s personal use of Greensill private jet under HMRC scrutiny – report

Officials are examining whether all tax was paid on benefits such as flights for non-business trips when the Foreign Secretary worked for the firm.

The Independent UK

How Rishi Sunak made his money

Prime minister and his wife Akshata Murty are worth a reported £730m

The Independent UK

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The Guardian - UK

HMRC examines if David Cameron failed to fully disclose Greensill private flights as taxable perks

Exclusive: Former PM, who became a life peer last week, under scrutiny over use of financier’s aircraft and offshore trust

The National (Scotland)

New £300 cost of living payment for thousands from today

If you have not received the Cost of Living Payment from HMRC, but believe they're eligible, they should wait until after 20 November before…

The Guardian - UK

Cash Isas back in fashion as interest rates rise to 5%-plus

More savers look set to turn to products that allow them to accumulate cash tax-free

The Independent UK

Tax credits recipients to receive £300 autumn cost-of-living payment from Friday

HM Revenue and Customs is making the payments to eligible tax credits customers across the UK between November 10 and 19.

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news in one place.

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The National (Scotland)

Peterson's unusual Glasgow Warriors return amid VISA error and Australia dream

Greg Peterson return to Glasgow Warriors earlier this season amid VISA error with Australia dream on hold.

The National (Scotland)

Scottish council receives millions back from HMRC after being taxed incorrectly

CASH-strapped Dumfries and Galloway Council is to receive a bumper £2.1m back from HMRC – after being taxed incorrectly for the past 16 years.

The National (Scotland)

You can get a £1,200 bonus from HMRC- See who can claim and the requirements

HMRC is offering £1,200 through the Help to Save Government saving scheme, find out how you can apply.

The National (Scotland)

Martin Lewis: 'Do not bin' HMRC letter that can boost pension by £10,000

MONEY Saving Expert founder Martin Lewis has told people to not bin an important HMRC letter ...

The Independent UK

Sheffield Wednesday owner asks fans for £2m

Dejphon Chansiri says the money would cover wages and tax bills still needing to be paid

The Independent UK

Help To Save customers receive £146m in bonus payments

The Government savings scheme for low-income earners offers savers a 50% bonus payment worth up to £1,200.

Evening Standard

17% annual slump in home sales in September as buyers' budgets squeezed by cost-of-living crisis

Across the UK, an estimated 85,610 home sales took place in September 2023, which was also 1 per cent lower than in August, HMRC said.

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