Tax Gap remains low
The Tax Gap for 2017/2018 is 5.6%, HM Revenue and Customs (HMRC) confirmed today.
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Breakthrough controls stop phone fraudsters spoofing HMRC
New defensive controls deployed by HM Revenue and Customs (HMRC) have put an end to fraudster’s spoofing the tax authority’s most recognisable helpline numbers.
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Springtime tax scams target young and vulnerable, warns HMRC
Young adults who may have less experience of the tax system should be especially vigilant against springtime refund scams, warns HM Revenue and Customs (HMRC).
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HMRC extends deadline for £8 million of customs training funding
Today, HM Revenue and Customs announced that the deadline for applications for an £8 million government initiative to help businesses prepare for EU Exit has been extended to 31 May 2019. This will enable more businesses to benefit from the investment available and provide more time for applications.
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HMRC urges loan scheme users to come forward now
HMRC is encouraging users of disguised remuneration (DR) schemes to come forward to settle their tax debt by 5 April.
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New digital tax system to give over 1 million businesses more financial control
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
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HMRC wins £40 million battle against tax avoidance promoters
HM Revenue and Customs (HMRC) has won a legal case over tax avoidance scheme promoter Hyrax Resourcing Ltd which will help the tax authority collect over £40 million in unpaid taxes.
The victory over Hyrax means the promoter now has to disclose the details of their tax avoidance scheme to HMRC, along with the names and addresses of 1,180 high earners who used it.
If Hyrax fail to provide -
One week to go until HMRC makes tax digital for VAT
There is just one week to go until Making Tax Digital for VAT is introduced for more than a million businesses.
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Financial Secretary meets HMRC’s elite crime fighters
The Financial Secretary to the Treasury, Mel Stride MP, has underscored his commitment for the UK to lead the fight against organised tax fraud and evasion in a visit to HMRC’s fraud investigation and intelligence teams on 14 March.
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HMRC warns of landline scams threatening households
Households with a landline number should be vigilant of phone calls from fraudsters pretending to be the taxman, warns HM Revenue and Customs (HMRC).
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One month to go before VAT goes digital for 1 million
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
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Don’t miss out on new government-backed saving scheme Savers earn 50p for every £1 they save
More than 90,000 people have signed up to the Government’s new saving account – Help to Save – depositing over £13 million.
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