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The Latest Breaking News from HMRC

Side hustles: what you need to know about paying tax in the UK

Whether it’s buying and selling clothes online or some freelance work on the side, plan ahead for potential tax issues

The Guardian - UK

British expats fleeing Dubai for London scrambling to avoid tax bills of up to £5 million

Accountants are advising British citizens leaving the Gulf how to avoid ‘massive’ tax bills

Evening Standard

Richard Tice dismisses calls for HMRC probe into tax affairs

IN FULL

The Independent UK

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Britons should pay as little tax as legally possible, Richard Tice says

Reform MP hits back at calls for HMRC to investigate his tax affairs after reports he had ‘avoided nearly £600,000 in corporation tax’

The Independent UK

Britons should strive to pay minimum tax legally possible, says Richard Tice

Reform UK’s deputy leader comments came as he was responding to questions raised about his own tax affairs

The Guardian - UK

Inquiry launched into HMRC anti-fraud scheme that wrongly cut child benefits

Flawed Home Office travel records identified thousands of parents suspected of claiming while living abroad

The Guardian - UK

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

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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

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

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

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International Business Times 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.

Evening Standard

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

The Guardian - UK

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

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TechRadar

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.

The Guardian - UK

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

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

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.

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