Oct 17, 2023 | Personal Tax
Bernie Ecclestone - a former Formula One boss - admitted the single charge of fraud at Southwark Crown Court last week (Thurs 12 Oct), and was sentenced to 17 months in prison, which was suspended for two years. Following lengthy negotiations, he also paid HMRC more...
Oct 10, 2023 | Personal Tax
According to new research, taxpayers are on course to pay £40bn a year more by 2028 due to the freeze on personal tax thresholds and inflation. Independent think-tank, the Resolution Foundation, said the policy would lead to the country's biggest tax rise in at least...
Sep 20, 2023 | Personal Tax
HMRC is reminding anyone new to self-assessment for the 2022/23 tax year that they have just two weeks until the registration deadline on 5 October. If an individual has any income that they have not already paid UK tax on, they need to register for self-assessment by...
Aug 7, 2023 | Business TaxPersonal Tax
Total tax debt hit £44.5bn in June - a 6% increase on the same time last year - according to the latest figures from HMRC. While HMRC said there was "little change" in the proportion of customers filing their tax returns before the deadline, the number of customers...
Jul 25, 2023 | Personal Tax
HMRC has reported that it paid back over £56 million to pensioners due to over taxation of pensions between April and June 2023. Around 16,000 reclaim forms were processed over the last three months, with an average reclaim of £3,551 - the second highest since 2015,...
