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The Latest Breaking News from HMRC

Wealthy Britons fleeing Gulf avoid returning to UK over tax hit

Tax advisers receiving wave of calls from rich British national wanting to leave UAE but trying to swerve big bill

The Independent UK

Fallouts and financial woes: inside Heston Blumenthal’s sinking empire

Current and ex-staff claim demise of London restaurant can be traced back to the departure of chef’s right-hand man

The Guardian - UK

Wealthy British nationals fleeing Gulf conflict bypass UK to avoid tax bills

High-net-worth residents of UAE heading to Ireland and France to wait out missile attacks before tax year ends

The Guardian - UK

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British expats who fled the Gulf desperate to avoid being hit with huge tax bills after returning to London

The tax implications of a return to the UK are ‘troubling’ expats who have flown back to the UK from tax havens like Dubai

Evening Standard

Ministers relaunch controversial digital ID scheme with 'Government by app' prototype

Chief Secretary to the Prime Minister Darren Jones unveiled the revamped digital ID programme, which will see services accessed via a “one stop” app

Evening Standard

Digital ID build will not be outsourced to private firm, says minister

The responsibility for the design, build and running of it will be within Government, according to Darren Jones.

Evening Standard

How ISA boom created more millionaires than the lottery

Despite the success of ISAs, many Britons admit they are more likely to keep spare cash at home

The Independent UK

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UK recruiter emerges from insolvency for third time, avoiding millions owed in tax

Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a year

The Guardian - UK

Frankie Dettori Bankruptcy Saga: Case Continues Following Surprise Court Extension

Champion jockey Frankie Dettori's bankruptcy is extended as he faces allegations of tax avoidance and undisclosed assets.

International Business Times UK

Thousands of investors ‘within touching distance’ of being Isa millionaires

Many investors are expected to join ‘millionaires’ row’ in the decade ahead, money app Plum said.

Evening Standard

Parents who gave birth from 1978-2010 'could be in line for £5,000' says Martin Lewis - how to claim

Parents may have missed out on a crucial benefit linked to state pension payouts

Evening Standard

Ed Davey accuses care home trustee of embezzlement amid watchdog inquiry

Lib Dem leader says crisis at William Blake House is ‘one of my worst nightmares’ after Guardian revealed inquiry into finances

The Guardian - UK

A lot of UK firms still aren't remotely ready for Making Tax Digital

Landlords are more ready than sole traders for MTD – showing there's a need for more training, support and affordable/easy software.

TechRadar

Making Tax Digital: are you ready for HMRC’s self-assessment shake-up?

Tax authorities warn sole traders and landlords to act, as the biggest change to self-assessment in decades looms

The Guardian - UK

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The Guardian - UK

UK shelves £110m frictionless post-Brexit trade border project

Programme launched by last Tory government was worked on by Deloitte and IBM but was paused in 2024

The Guardian - UK

Firm that went bust owing £650k to HMRC offers staff Las Vegas trip after being bought by ex-owner

Acquisition by Premier Group Recruitment boss Andrew Woosnam appears to be example of ‘phoenixism’

The Guardian - UK

Record 1,000 UK taxpayers under 30 earned more than £1m last year

HMRC figures show 11% rise in young million-pound earners, with influencers and tech pay cited as key

The Independent UK

Cash-strapped parents unable to pay into children’s Junior ISA accounts

Parents have the ‘right intentions’ but everyday living costs are crowding out long-term saving

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Evening Standard

Financial ‘pain’ for first-time buyers revealed in stamp duty figures

Money app Plum said that first-time buyers face particular difficulties, given the financial challenges they already have in raising a deposit.

The Independent UK

More than 750,000 young adults missing out on thousands – here’s how to check and claim

One young person said her fund ‘saved me from going into an overdraft or borrowing money’

The Independent UK

Warning issued over new salary sacrifice rules set to impact pensions

The schemes enable people to maintain their take-home pay as they end up paying lower national insurance contributions

Evening Standard

Salary sacrifice pension changes ‘could see people on modest incomes losing out’

From 2029, salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from national insurance contributions.

The Independent UK

HMRC shares urgent advice to anyone who has missed tax deadline

IN FULL

The Independent UK

One million people face fines as HMRC tax deadline passes

People may be able to avoid a penalty if they have a reasonable excuse for filing late

Evening Standard

1m people miss self-assessment cut-off with 475,722 taxpayers filing on last day

Those who have missed the self-assessment deadline face a £100 penalty.

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