HMRC

Between 2018 and 2022, 420,000 late-filing penalties issued by the tax authority were to people who earned less than the personal tax allowance and therefore owed no tax. The research found that although the highest earners in the…

Share prices of popular selling site Etsy have fallen since the UK Government’s announcement to crack down on those creating extra income from selling secondhand goods or handmade goods. HMRC has warned those who do not declare their…

With the rise of the gig economy and the increasing number of individuals making money online, the UK government is introducing new measures to tackle tax evasion. As part of these measures, popular online platforms such as eBay,…

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…