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The Latest Breaking News from HMRC

Former betting bosses facing bribery and fraud charges begin lawsuit against Gambling Commission

Kenny Alexander and Lee Feldman say regulator breached right to privacy during Entain bid for casino website 888

The Guardian - UK

HMRC owes me £2,200 but says it could be 33 weeks before it pays me back

A reader says they overpaid their national insurance, but seem to be lending the government money with no interest

The Guardian - UK

‘Large cupboard’ helps owners of £18m London flat slash £1.7m stamp duty bill

A small storage unit on a different floor proved enough for the tribunal to class the £18.25m flat as ‘mixed use’

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

HMRC issues tax warning over Christmas side hustles

Tax bosses have urged anyone making money from markets, online platforms or content creation to ensure they know the rules

The Independent UK

HMRC warns Christmas side-hustle sellers over tax on festive earnings

Crafters, artisans and others told to declare income if above £1,000 trading allowance in tax year

The Guardian - UK

Stark warning to pension savers over Rachel Reeves’s salary sacrifice changes

HMRC suggest 3.3 million people will be impacted by the salary sacrifice changes

The Independent UK

3.3m pension savers facing hit with salary sacrifice changes

HMRC said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

Evening Standard

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Inheriting Bitcoin Just Became Legal — But HMRC's 40% Tax Bill Is Due in 6 Months (And a Nightmare Scenario Looms)

UK law now allows families to inherit crypto, but estates over £325,000 face a 40% tax within six months—regardless of whether heirs can access locked wallets.

International Business Times UK

HMRC launches US-style ‘reward’ scheme for exposing tax dodgers

Successful whistleblowers could receive hundreds of thousands from the tax authority

The Independent UK

Premier League clubs face prospect of higher wage bills after budget tax change hits players

Premier League clubs are facing the prospect of higher wage bills after the government’s announcement in the budget that image rights payments will be treated as income from April 2027

The Guardian - UK

New rules set to stop savers getting around reduced £12,000 cash Isa limit

Guidance on the HM Revenue and Customs website said rules will be introduced ‘to avoid circumvention of the lower limit for cash Isas’.

Evening Standard

Bitcoin Price Stays Above $91,000 as UK Faces 34-Day HMRC Crypto Tracking Deadline

UK crypto investors must comply with HMRC's mandatory transaction reporting from January 2026. Platforms will report all trades, as Bitcoin remains above $91,000 during market recovery.

International Business Times UK

Martin Lewis says Budget cash ISA cut was the ‘wrong move’

Saving expert suggested 'guidance' for young savers instead of limit

The Independent UK

How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance exemptions at £2,000. Here's how the new rule works and who it affects.

International Business Times UK

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Evening Standard

Rachel Reeves must avoid a ‘Del Boy Trotter’ Budget

Black hole can’t be filled if there are ‘No income tax, no VAT’ rises

Evening Standard

Cash Isa limit cut may not encourage people to invest, finance expert says

Reports suggest that the annual cash Isa limit could be reduced to £12,000 in the Budget.

The Guardian - UK

How HMRC and insurance firms make bereavement even harder

Letters: Dr Susan Treagus spotted an error that could have cost her dearly, plus a letter on how to satisfy car insurance algorithms

The Independent UK

Top member of Reeves’ Budget team previously backed plans to hit small businesses

Industry leaders say the government ‘would be out of its mind’ to adopt the proposals

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The Independent UK

Here’s how you can become an ISA millionaire as numbers hit record high

Some investors now have ISAs worth in excess of £4m

Evening Standard

Holly Willoughby’s media company has winding-up petition dismissed

Roxy Media, directed by Ms Willoughby and her husband, was issued with the winding-up petition by HMRC in January.

The Guardian - UK

UK consumers warned over AI chatbots giving inaccurate financial advice

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance

The Guardian - UK

HMRC accused of being ‘cavalier’ with finances of child benefit claimants

Thousands of parents had their payments stopped after faulty data suggested they had left the UK and not returned

The Guardian - UK

Call for inquiry after families stripped of child benefit due to flawed travel data

Andrew Snowden MP says government ‘must immediate take action’ on failures of anti-fraud benefits crackdown

The Guardian - UK

‘I was scared’: parents reveal stress of HMRC’s child benefit errors

From incorrect repayment demands to mistaken claims about emigration or non-existent holidays, those caught in anti-fraud debacle tell their stories

The Independent UK

Figures reveal top stocks and shares Isa pots worth huge amount more than cash Isa accounts

Approximately 3,080 ISA accounts held a market value exceeding £1 million in the same tax year

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