Leicester rag trade fraudsters jailed
The directors of a Leicester clothing company that supplied well known high street and online retailers have been jailed for a £1.3 million tax fraud.
Car finance fraudster jailed
A gang that set up 90 bogus companies in a bid to steal more than £800,000 in a VAT and car finance fraud have been sentenced to more than 10 years.
300,000 file tax returns in the first week of the tax year
Almost 300,000 Self Assessment customers filed their tax return in the first week of the new tax year, almost 10 months ahead of the deadline, HM Revenue and Customs (HMRC) has revealed.
Customers can file their Self Assessment returns for the 2023 to 2024 tax year between 6 April 2024 and 31 January 2025.
Almost 70,000 people filed their return on the opening day this year (6 April) and HM
HMRC app speeds up student loan applications
With many A level students planning their next steps in life, those starting university in September can ‘tap the app’ to get National Insurance and tax information they need to complete their student finance applications, HM Revenue and Customs (HMRC) has said.
Anyone applying for a student loan for the 2024/25 academic year is encouraged to start their application now and to get the essential
Time to renew for tax credits customers
Around 730,000 tax credits customers will start receiving their annual renewal notices from this week.
Online voluntary National Insurance payments service launches
The government is making it easier for customers to check for and fill any gaps in their National Insurance (NI) record to help increase their State Pension by launching a new online service today (29 April 2024).
Siblings made-up movie in £1m tax fraud
Brothers who tried to steal £1 million in a ‘staggering and audaciously dishonest’ film tax fraud have been jailed for a total of 14 years.
What the Child Benefit rate rise means for you
Millions of families who claim Child Benefit will automatically receive increased payments from 6 April 2024, HM Revenue and Customs (HMRC) has confirmed.
Families with one child will now receive up to £1,331 a year – an annual increase of £83.20, and up to £881 a year per additional child – an annual increase of £54.60. There is no limit to how many children families can claim for.
Parents
Cross-country enquiries into suspected electronic till fraud
Takeaways across England have been subject to unannounced inspections as part of an Electronic Sales Suppression (ESS) probe. The action by HM Revenue and Customs (HMRC) officers took place at a total of 17 different outlets in London, Ipswich, Manchester and Newcastle over the last month. It follows several separate till fraud enquiries, which include the arrest of a 47-year-old man.
£900,000 penalty for promoter of tax avoidance scheme
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HMRC. IPS Progression Limited (IPS) paid their 1,593 scheme users largely with tax-free loans between April 2016 and April 2018. Some of the workers were locum doctors and nurses whose services were made available by recruitment agencies to hospitals
Hop to it: save on Easter childcare costs with Tax-Free Childcare
HM Revenue and Customs (HMRC) is reminding working families to save money on their childcare costs in time for the school holidays.
With the Easter break just weeks away, families yet to sign up for Tax-Free Childcare could be missing out on annual savings of up to £2,000 per child, or £4,000 if their child is disabled.
Tax-Free Childcare can help pay for approved childcare for children aged
Complex offshore tax avoidance scheme revealed
A complex tax avoidance scheme that moves income offshore has been exposed by HM Revenue and Customs (HMRC) today (29 February 2024), with anyone who has joined the arrangement warned to get out of it as soon as possible. The scheme – linked to businessman Darren Patrick-Green – involves contractors joining Singapore registered Procorre LLP to avoid paying Income Tax and National Insurance.
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