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The Latest Breaking News from HMRC

27% annual fall in house sales in May – HMRC figures

The fall is partly due to a higher number of bank holidays in May 2023, as well as a recent decline in general market conditions, HMRC’s report said.

The Independent UK

7 money changes coming in July - including new Ofgem energy price cap and stamps deadline

Keeping on top of your finances has never been more important, as the cost of living crisis continues to stretch wallets up and down the country - and here are seven things to be aware of in July

Daily Mirror

WH Smith says it's not opening any more high street shops

Landmark retailer has said it will now concentrate on stores in airports and railway stations

Wales Online

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HMRC issues one-month warning to thousands of tax credits customers

There is only one month left for tax credits customers to renew their claim or risk losing their payments

Nottingham Post

Young people! Could thousands of pounds be sitting in a bank account with your name on it?

The government should be doing more to reunite child trust fund account holders with their cash, says economist Rajiv Prabhakar

The Guardian - UK

HMRC issues one-month warning to over 300,000 tax credits customers

There is only one month left for tax credits customers to renew their claim or risk losing their payments

Manchester Evening News

Midlothian towns set to get makeover after council wins £7m tax rebate

Councillors agreed to earmark £3million to tackle a backlog of maintenance and repairs across towns after they were described as being 'tired and rundown' in some places

Edinburgh Live

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More than 300,000 UK Tax Credit claimants have just one month left to renew, HMRC warns

HMRC sent out two types of renewal packs to 1.5 million customers between May 2 and June 15, with more than 300,000 customers yet to confirm their circumstances

Chronicle Live

‘Lack of clarity’ concerns raised over impact of self-assessment helpline change

Treasury Committee chairwoman Harriett Baldwin said she is disappointed at HMRC’s response to questions on changes to the self-assessment helpline.

The Independent UK

Expert warns of five cost of living scams - what to look out for and how to avoid them

From con artists posing as HMRC workers to products offered at 'too good to be true' prices - there are a number of ways in which criminals are trying to exploit hard-working Britons

Chronicle Live

HMRC fines thousands of Brits - even though they haven't made enough to pay tax

The fines were handed down to several people who earned less than the personal allowance pre-tax, which sits at £12,500 at the time of writing.

Chronicle Live

Illegal cigarettes seized at Belfast Port

HM Revenue and Customs teamed up with the Border Force for the operation

Belfast Live

Thousands of Brits have been fined by HMRC - despite not making enough to pay tax

The fines were handed to people who earned less than the personal allowance - which is the amount you can earn before you start paying tax and currently sits at £12,500

Daily Mirror

HMRC fined 184,000 low earners for not filing return despite no tax owing

Penalties relate to people paid less than the UK personal allowance in 2020-21 tax year, prompting calls for reform

The Guardian - UK

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Liverpool Echo

HMRC warning as taxpayers could be made to pay more money

HMRC has confirmed its interest rate will rise following the Bank of England announcement on Thursday

The Independent UK

£35.8bn gap between tax expected to be paid and amount collected in 2021/22

Plugging the ‘holes in our tax system’ could help refill public coffers, a tax and financial planning expert said.

Belfast Live

Northern Ireland businesses named and shamed by Government for failing to pay the National Minimum Wage

Find out the worst offenders in your area

The Week

How to plug the pension gap by buying National Insurance credits

Older people have been given more time to fill gaps in their National Insurance (NI) record so they can maximise their state pension payouts, but it may not be worth it for everyone.

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Liverpool Echo

Argos, M&S and WH Smith fined thousands of pounds for failing to pay minimum wage

The companies are among 200 others that have been "named and shamed" by the Department for Business and Trade

Manchester Evening News

Gang caught hiding SIX MILLION illegal cigarettes on a small farm

The gang were caught stashing the hooky goods on a Lincolnshire farm

Chronicle Live

WH Smith, M&S and Argos 'named and shamed' for breaking minimum wage rules

A number of firms have been made to pay back what they owed by HMRC, who said almost £5m was found to be owed to around 63,000 workers in total

Nottingham Post

HMRC names WH Smith, Marks & Spencer and Argos among employers which broke minimum wage law

HMRC has investigated back to 2017

Wales Online

WH Smith, Marks & Spencer and Argos among employers which broke minimum wage law

HMRC has investigated back to 2017

The Independent UK

WH Smith, M&S and Argos fined as companies ‘named and shamed’ for failing to pay minimum wage

Almost £5m owed to around 63,000 workers, according to investigations by Her Majesty’s Revenue and Customs

The Guardian - UK

UK’s best known retailers top list of firms fined £7m over pay breaches

WH Smith, Marks & Spencer and Argos among more than 200 firms that failed to pay workers legal minimum wage

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