Britain missing out on billions of crypto tax revenue as HMRC fights back August 27, 2024 The UK could be missing out on billions in tax revenue from crypto investors that is currently going unreported. As Norwegian tax returns are public, recent research from Norway was able to find that 88 per cent of all Norwegian crypto investors fail to declare their holdings. While each tax-avoiding investor owed on average between [...]
Exclusive: HMRC files winding up petition against Lycamobile UK August 14, 2024 The UK tax authority has hit mobile network operator Lycamobile with a winding up petition, in the latest hurdles the company faces
Football v HMRC: Scrutiny sees £400m clawed back from clubs August 12, 2024 The football industry continues to see the crackdown over tax as over the past five-years, HMRC has seen over £384m collected in unpaid taxes from the football sector
SMEs warned to be ‘proactive’ with wage compliance amid HMRC crackdown August 6, 2024 Small and medium-sized enterprises (SMEs) have been warned to take "proactive" steps to ensure compliance with the National Minimum Wage (NMW) as the HMRC dials in its focus to 11 UK regions.
Centrica vs HMRC: What does Supreme Court ruling on tax deduction mean for businesses? July 26, 2024 Just last week Centrica lost an appeal against HMRC over the treatment of professional services fees.
Centrica: Supreme Court dismisses British Gas owner’s tax dispute with HMRC July 16, 2024 British Gas' owners investment business has had its corporation tax appeal over professional services fees dismissed by the Supreme Court
Offside with HMRC: UK football clubs to face tax penalties July 15, 2024 Around two dozen UK professional football clubs have fallen into arrears over their tax payments, as warnings that the tax authority is stepping up compliance action
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
EY and property tycoon Jamie Ritblat settle dispute with HMRC for ‘significant’ sum July 5, 2024 HMRC's tax dispute with accounting firm EY and Jamie Ritblat, a British property investor has been resolved after the parties reached a confidential settlement
British celebrities vs HMRC IR35: What is going on? July 4, 2024 Yet another famous name has been in the headlines this past few weeks over issues with the tax authority over IR35. So what exactly is happening to British presenters and why is HMRC after them?