Here is what you risk if you haven’t filed yet Before Saturday’s deadline, a total of 3.3 million Brits need to file their tax returns. HM Revenue and Customs said that some 8.6 million people have already filed their return for the 2024-25 year. Now, taxpayers are being urged to act now if they are […]
1 week ago
You could face large fines Tax professionals have raised the alarm while this year more residents in Britain are looking to the likes of Etsy and Vinted to make room in their wardrobes. HM Revenue & Customs now can see your online selling activity, and non-compliance could lead to in-depth investigations or large fines that […]
2 weeks ago
It signals a resumption of DRD powers HMRC has confirmed that it is set to begin taking money directly out of the bank accounts of people who owe tax. The rolling out of ‘Direct Recovery of Debts’ (DRD) powers which allow HMRC to take money directly from bank accounts. HMRC claim that this new power […]
3 months ago
The money raised from more taxation would go towards social housing. More than two-thirds of Brits say they would support a tax on second homes to help pay for more social housing. A new poll conducted by not-for-profit organisation Common Wealth has found that 68% of the public support higher capital gains tax on second […]
1 year ago
Their response didn’t go down well People have criticised HMRC after finding out just how much money Luke Littler will be taking home with him following his extraordinary run at the World Darts Championship. The 16-year-old went from unknown teen to national celebrity in a matter of weeks thanks to his performances at the tournament […]
2 years ago
Lineker is ‘pleased’ with the decision Fresh from his victory over the BBC, Gary Lineker has won his £4.9 million tax fight with HRMC. The Match of the Day host – who was taken off the air briefly after a fight over his Twitter account – was told by HM Revenue & Customs that he […]
3 years ago