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The Latest Breaking News from HMRC

17% annual slump in home sales in September – HMRC figures

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

The Independent UK

Millions to receive £300 cost of living payment next week - are you eligible?

The DWP £300 cost of living payment will be sent to millions on Universal Credit and other benefits from October 31

The National (Scotland)

Tory donors from JCB empire could face £500m bill to settle tax inquiry

Exclusive: HMRC investigation into peer Anthony Bamford and his brother focuses on offshore trusts that own business empire

The Guardian - UK

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UK pensions warning: don’t get caught by an out-of-the-blue tax bill

State pensioners could be dragged into the tax net next year, says former minister

The Guardian - UK

Some pensioners ‘may have to set money aside for unexpected tax bills’

Frozen income tax thresholds combined with significant state pension rises may push more pensioners into paying tax, LCP said.

The Independent UK

What is home responsibilities protection? Martin Lewis tells older people not to ignore HMRC letter

People could be missing out on a one-off payment worth tens of thousands of pounds

Evening Standard

Is 60263 HMRC? How to tell if a text message is genuine

Reports of spam text messages being sent in prompt HMRC to issue statement

Evening Standard

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Self-assessment taxpayers warned over fake rebates and other scams

HM Revenue and Customs (HMRC) said it received more than 130,000 reports about tax scams in the 12 months to September 2023.

The Independent UK

Keir Starmer could be forced to give millions back to private schools under VAT ‘loophole’

Private schools face paying VAT on fees – but headteachers already exploring ways to cut their bills in blow to Labour’s plan

The Independent UK

74% of people have been targeted by scams in the past year – survey

Nearly a fifth of people have replied to a message from impersonator, initially believing it was from a friend of family member, NatWest said.

The Independent UK

UK at risk of massive security breach from national IT meltdown

Exclusive: The government is warned of a ‘major’ cyberattack by Russian and Chinese hackers if they keep ignoring warnings to fix HMRC’s crumbling computer system

The Independent UK

Think what we could do with Bernie Ecclestone’s taxes

Brief letters: HMRC windfall | Omitted concert movies | Glittering Keir Starmer

The Guardian - UK

Who is Bernie Ecclestone and what is his net worth?

The former boss of Formula 1 has now agreed in a civil settlement to repay almost £653m to HM Revenue and Customs (HMRC)

Evening Standard

92-year-old billionaire behind Formula One just admitted to being a tax fraud to the tune of £652 million

Bernard Ecclestone is paying about $793 million for decades of tax fraud.

Fortune

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The Guardian - UK

From F1 supremo to tax fraud conviction: the rise and fall of Bernie Ecclestone

Handshake approach that helped rule motorsport for decades appears to have been his downfall

Evening Standard

Bernie Ecclestone tried to dodge fraud trial by claiming he might drop dead with stress

Tycoon Bernie Ecclestone tried to dodge a fraud trial by claiming the stress of a full criminal trial would kill him, it can now be revealed.

The Independent UK

Ex-Formula One boss Bernie Ecclestone spared jail after admitting fraud

Mr Justice Bryan said the offending was so serious that a fine and community order were not sufficient.

The Independent UK

Ex-F1 boss Bernie Ecclestone spared prison after agreeing to pay £650m in fraud case

Billionaire failed to declare a trust in Singapore with a bank account containing around $650 million, court heard

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Autosport

Ex-F1 boss Ecclestone handed suspended prison sentence for fraud

Ecclestone, who owned the championship-winning Brabham team from 1972 to 1987 as he rose to overall power in F1, led the series for more than four decades before its 2017 takeover by current owner Liberty Media. He then took on the 'chairman emeritus' and an advisory role.

Motorsport

Ex-F1 boss Bernie Ecclestone handed suspended prison sentence for fraud

Evening Standard

Former Formula One chief Bernie Ecclestone spared jail after pleading guilty to fraud over hidden £400m

Bernie Ecclestone has handed over £652 million to HMRC in a settlement to end the probe into his tax affairs

The Guardian - UK

We’ve bought a house in Greece – will we pay tax if we sell our UK home?

Owning the two properties is part of our transition into retirement

The Independent UK

Benjamin Mendy ’embarrassed’ by £800k tax debt amid Manchester City talks over back pay

HM Revenue and Customs is seeking a bankruptcy order against the footballer over a nearly £800,000 bill

Evening Standard

Benjamin Mendy ’embarrassed’ by six-figure tax debt, court hears

HM Revenue and Customs is seeking a bankruptcy order against the footballer over a nearly £800,000 bill, a specialist judge was told on Wednesday

The Independent UK

Winding-up petition against Southend United dismissed after club clears tax debt

HM Revenue and Customs told a High Court hearing the petition had been ‘paid in full’.

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