HMRC

Gen Z has bet big on side hustles as they look for new ways to generate extra cash as the cost of living continues to rise. But while online platforms like Vinted, Depop and eBay have exploded with sales, these off-the-books earnings will…

Increased tax compliance measures have yielded £11.4bn in unpaid tax as investigations into rich people and mid-size businesses grew. The sum came as HM Revenue and Customs (HMRC) opened 23% more inquiries into unpaid value added tax…

HMRC aren’t known for their Christmas spirit, but there is one area where some taxpayers can benefit from a little cashflow bonus if they act now. Stefanie Tremain, from eading tax and advisory firm Blick Rothenberg, said: “Most people…

Thousands more nudge letters being sent out by HMRC are causing needless worry to UK taxpayers, and are unnecessary. Robert Salter, an international tax expert at tax and advisory firm, Blick Rothenberg, said: “HMRC have sharply…

HMRC, the British customs and tax authority, has been quietly beefing up its compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by…

Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had…

In recent years, HMRC has faced a barrage of criticism over its customer service, specifically the high volume of unanswered phone calls. The scale of the problem is considerable. Last year, an astounding ten million calls to HMRC went…

The UK’s 4.3m self-employed workers have been advised to prioritise their tax compliance after official HMRC data shows that the tax authority opened 299,000 tax enquiries last year – a 52,000 jump equivalent to 21% compared to two…

HMRC figures released today show the IRS believes small businesses are now responsible for 56% of the 'tax gap' in the UK - a total of £20.2 billion in one year*, says multinational law firm Pinsent Masons. This number has now risen…

HMRC has announced that it will pilot a new "seasonal model" of the self-assessment helpline in an effort to relieve pressure on phone lines and prioritize urgent inquiries. The initiative, which is set to run for three months from 12…