Contract for checking tax credits entitlement not to be extended
HM Revenue and Customs (HMRC) has confirmed today that it has decided not to extend its existing contract with Concentrix, a company it employs to check tax credits entitlement.
Topics: Crime, Law, Legal affairs
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Taxman brings in billions of tax upfront from tax avoiders
HM Revenue and Customs (HMRC) has collected £3 billion by forcing those under investigation for tax avoidance to pay up disputed tax immediately, the Financial Secretary to the Treasury, Jane Ellison announced today. The move continues the government clampdown on tax avoidance following last month’s announcement that enablers of tax avoidance will face tough new sanctions.
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Last chance for offshore tax evaders to declare all
A new online disclosure facility has launched today giving offshore evaders a last chance to come forward and settle tax on their wealth hidden offshore ahead of new data sharing arrangements and tougher penalties being introduced.
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HMRC reminds parents to update their children’s details as exam results revealed
As GCSE exam results are released around the country today, HM Revenue and Customs is reminding parents that receive Child Benefit and Child Tax Credits to inform them of their child’s educational status ahead of 31 August, otherwise payments will stop.
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Tough new sanctions for offshore tax evaders
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs (HMRC) today.
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Faster, easier tax repayments are at the heart of the Personal Tax Account
Taxpayers can now opt to get their money back direct from HM Revenue and Customs – via their digital Personal Tax Account – without the need for a cheque or trip to the bank, HMRC confirmed today.
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Digital revolution for the tax system to cut red tape for British business
Paying tax will become less burdensome for British businesses under plans for a twenty-first century tax system detailed by HMRC today.
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Rupert’s tax case ex-spelled
HMRC has successfully defeated a case brought by actor Rupert Grint.
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HMRC wins blockbuster tax avoidance cases
HM Revenue and Customs (HMRC) has won two major tax avoidance battles against the Ingenious Film Partnership and Icebreaker avoidance schemes in cases worth more than £820 million in tax owed and interest.
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Record numbers renew their tax credits online
Around one million people have renewed their tax credits online this year, compared to 750,000 in 2015.
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HMRC IT chief to return to the private sector
HM Revenue and Customs (HMRC) has confirmed today that its Chief Digital and Information Officer, Mark Dearnley, is to leave the Department in September, when his contract expires.
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HMRC’s win over Ernst & Young scheme protects more than £30m
HM Revenue and Customs (HMRC) has defeated a tax avoidance scheme used by a major brewery, protecting around £30 million in tax.
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Thousands check their company car tax online
More than 100,000 people have used a HM Revenue and Customs (HMRC) online service, to ensure that their car benefit and car fuel benefit is correct.
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Only one week left to renew tax credits
People are being warned to renew their tax credits so their payments don’t stop, with only seven days to go until the deadline.
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More than 1,500,000 renew tax credits with a month to go
More than 1.5 million people have renewed their tax credits already, with four weeks left until the 31 July deadline.
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HMRC taskforces raise more than half a billion
HMRC taskforces have recovered more than £500 million since they were launched five years ago.
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Bank of Ireland lose £27m tax avoidance case
The Bank of Ireland has lost a £27m tax avoidance case after trying to exploit a loophole that did not exist.
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Renew tax credits online in a matter of minutes
HM Revenue and Customs (HMRC) is urging people to renew their tax credits claim online and early, before the 31 July deadline.
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HMRC wins millions from bank avoidance case
HM Revenue and Customs (HMRC) has won a major tax avoidance case, protecting more than £17 million for UK taxpayers in the process. The Court of Appeal stopped an attempt by Fidex LTD - a subsidiary of BNP Paribas - to gain a tax advantage using artificial accounting arrangements.
The scheme tried to take advantage of different accounting standards covering the tax treatment of assets to create -
Offshore win nets £365 million in billion pound week for HMRC
HMRC has protected £365 million in tax after defeating a tax avoidance scheme that involved dividends paid on shares to a company based in the Cayman Islands.
The First-tier Tribunal ruled that the Clavis Liberty Fund 1 LP scheme, created an artificial tax loss - in a judgment covering 99 partners and protecting tax at stake in other cases.
The judgment is significant for HMRC as it is the f
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