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The Latest Breaking News from HMRC

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.

Evening Standard

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 Guardian - 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

The Independent UK

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

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

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

The Independent UK

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.

Evening Standard

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

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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 Guardian - 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

The Independent UK

Biggest stocks and shares Isa accounts worth around 17 times top cash Isas

The data ‘reveals a clear and growing divide between saving and investing’, according to InvestEngine, which obtained figures from HMRC.

Evening Standard

HMRC's PAYE Child Benefit System Goes Live – Why Fluctuating Earners Face Overpayment Nightmare in 2025/26

HMRC's new PAYE system for child benefit repayments risks overpayment for fluctuating earners. Commission workers and bonus earners may face double deductions during 2025/26.

International Business Times UK

UK unemployment rises to 5%, the highest level in four years

ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrolls

The Guardian - UK

HMRC Child Benefits Crackdown Backfires: 23,500 Families Flagged for 'Leaving the UK' — Even Those on Short Holidays

HMRC wrongly suspended child benefits for 23,500 UK families flagged as abroad, after an automated fraud check misread short trips and travel data.

International Business Times UK

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The Independent UK

HMRC to review suspension of child benefit payments to 23,500 people

Cases are now being reviewed after a growing number of complaints from people who briefly left the UK and returned to find their payments had been stopped

The Guardian - UK

Home Office data in HMRC benefit fraud trial wrong in 46% of cases

Exclusive: Almost half of families flagged as emigrants based on Home Office travel data were still living in UK

The Guardian - UK

UK divisions of ticket resale website Viagogo hit with £15m bill over tax shortfall

Company already under scrutiny on ‘secondary ticketing’ amid outcry over touts using such platforms to exploit fans

The Guardian - UK

How might Reeves increase income tax – and what does it mean for you?

The budget could involve a range of rises – here’s how they would stack up for different levels of income

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The Independent UK

The rehabilitation of David Beckham and why being knighted was always part of the plan

IN FOCUS: After almost 20 years of waiting, David Beckham has finally got his knighthood. Katie Rosseinsky explores how this is the latest stage of a canny reputational reboot for the former England captain, who has bonded over the ‘good life’ with the King

The Guardian - UK

Company linked to Michelle Mone owes £39m in unpaid taxes

Statement by administrators puts PPE Medpro’s total debts at £188m, including £39m said to be owed to HMRC

The Guardian - UK

Mediocre movies, millions in taxpayer cash: how scores of films from low-profile UK producer were funded mainly by public money

Creative industries are ‘crucial to the economy’ but film-making and tax have long had an uneasy relationship in Britain

The Independent UK

HMRC worker ordered to pay £20,000 after refusing to return to office after lockdown

Tribunal found ‘no medical reason’ why Martin Bentley could not return to office after pandemic

The Guardian - UK

MPs ask HMRC to explain child benefit error that froze payments to parents

Answers demanded after 23,500 families wrongly suspected of fraud when incorrect data showed they had left UK

The Guardian - UK

HMRC gave a refund from my tax account to fraudster making repayment claim

I was in credit but HMRC handed £2,500 over to someone impersonating me on the phone, and says I’m in debt

Evening Standard

Rachel Reeves prepares raid on pension tax perks

The Chancellor is reportedly planning to reform ‘salary sacrifice’ schemes

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