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The Latest Breaking News from HMRC

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

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

The Guardian - UK

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.

Evening Standard

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read the most diverse news in one place.

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

The Independent UK

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.

Autosport

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

Motorsport

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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

Evening Standard

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 Guardian - 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

The Independent UK

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

Evening Standard

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’.

The Independent UK

Benjamin Mendy ’embarrassed’ by 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

Millions to receive £300 cost of living payment this month - are you eligible?

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

The National (Scotland)

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The Guardian - UK

The UK has over 1,000 tax reliefs: why doesn’t the government know how many billions they cost?

You’d think a tax-obsessed Tory party would want to know what these exemptions add up to, says Dr Rajiv Prabhakar, a senior lecturer at the Open University

The Guardian - UK

UK income tax: how fiscal drag leads to people falling into higher rates

We show how people are pulled into paying more without the government increasing the tax rate

The Guardian - UK

HMRC prosecutes just 11 wealthy individuals in the past year

Critics are demanding more action after charges brought by the service against rich taxpayers fall by two-thirds since 2018

The Guardian - UK

Tories must explain who knew of tax investigation into donor Anthony Bamford, says Labour

Party asked if it will return millions of pounds donated by Brexit-backing JCB boss and his family

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The Guardian - UK

From Sheffield to Southend: football’s express ride towards chaos and crisis

In today’s Football Daily: Inequality and Chelsea needing even more players

The Guardian - UK

UK mortgage approvals hit six-month low as interest rates cool market

Number of house sales also fell in August compared with a year earlier, says HMRC

Evening Standard

Renewing tax credits: when is the deadline and do you need to contact DWP?

Tax credits are being phased out completely

The Guardian - UK

HMRC investigating tax affairs of one of Tory party’s largest donors

Exclusive: Inquiry into tax affairs of JCB boss Anthony Bamford calls into question whether Tories should accept funds from peer

The Independent UK

Dates for £300 cost of living payments being made this autumn revealed

Around eight million households are eligible for cost-of-living payments, but people expecting a payment should also watch out for potential scams

The Independent UK

‘Every effort’ must be made to track down those owed missing pension money

It is ‘truly shocking’ that so many people went underpaid because of errors on their record for time spent at home with children, Sir Steve Webb said.

The Independent UK

Dates for £300 cost of living payments being made this autumn revealed

Around eight million households are eligible for cost-of-living payments, but people expecting a payment should also watch out for potential scams

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