The Latest Breaking News from HMRC

Rachel Reeves considers fresh tax raid on savers in bid to balance books

HMRC estimates that an extra 893,000 people will have to pay tax on savings by 2028-29

The Independent UK · Mar 28, 2025

Tax avoidance whistleblowers will earn share of HMRC proceeds, says Reeves

Chancellor promises ‘compensation’ for information on tax-dodgers, based on US model, in move to close £1bn ‘tax gap’

The Guardian - UK · Mar 26, 2025

Rachel Reeves hikes fines for paying tax returns late

About 1.1 million people missed the deadline to file their self-assessment tax return in 2024, according to HMRC.

The Independent UK · Mar 26, 2025

‘Saddened and embarrassed’ Frankie Dettori files for bankruptcy

Perhaps the most world’s famous jockey, Dettori has had an ongoing financial dispute with HMRC and has now filed for bankruptcy

The Independent UK · Mar 13, 2025

Frankie Dettori reveals he is filing for bankruptcy in shock statement

Frankie Dettori, the world’s most famous jockey, has announced he is filing for bankruptcy

The Guardian - UK · Mar 13, 2025

Number of taxpayers dragged into paying higher rate soars 15%, figures show

There were 5.1 million higher-rate taxpayers in 2022-23, according to the latest figures supplied by HMRC.

Evening Standard · Mar 12, 2025

Major tax change announced for side hustles affecting Vinted sellers, taxi drivers and dog walkers

Side hustle tax rules are being shaken up in a push for growth – here's how it will affect you

The Independent UK · Mar 11, 2025

State Pension at Risk as Rachel Reeves’ Tax Raid Targets Retirees in March

Rachel Reeves is in a tight spot ahead of her Spring Statement on 26 March, trying to fix the financial mess left by her disastrous autumn Budget.

The Fashion Central · Mar 11, 2025

Lorraine Kelly says she’s ‘really sad’ over lazy presenter claims

‘It’s really hurtful actually,’ TV presenter said after being mocked by social media parody account

The Independent UK · Mar 8, 2025

When does the new financial year start and what does it mean for businesses?

Increased labour costs are incoming but there’s more for SME owners and sole traders to be aware of

The Independent UK · Mar 7, 2025