Quantexa boss: ‘Britain can build global AI winners’ May 19, 2026 Vishal Marria is not short of reasons to be cheerful about Britain. At a time when the UK’s tech sector is once again debating listings, capital flight and whether founders inevitably end up scaling overseas, the Quantexa boss remains notably bullish about building and scaling in London. “Yes, we’re HQ’d in London, in the UK, [...]
HMRC fights to close Bolt’s VAT loophole May 19, 2026 Ride-hailing platform Bolt faces the tax authorities in court today over how it calculates and pays its VAT bill. At the centre of this dispute was the question of whether Bolt could use the tour operators’ margin scheme (TOMS). Under this scheme, businesses only pay VAT on the profit margin they make between buying a [...]
Premier League clubs’ success could earn HMRC £40m windfall May 19, 2026 Premier League clubs’ unprecedented success in Europe this season could earn HMRC a £40m windfall, according to tax experts. Bonuses paid out to players for winning domestic and continental trophies could hit £70m, generating a lucrative pot for the taxman, if Arsenal, Aston Villa and Crystal Palace clean up in the next two weeks. The [...]
Tax judge criticises ‘fabricated AI cases’ cited in appeal against HMRC May 18, 2026 A former West Sussex restaurateur has avoided contempt of court after using AI hallucinations as evidence in his £51,000 tax battle against HMRC. HMRC had sent letters to Omar Rafique, former director of Karma Lounge in Worthing, in 2024 demanding payment of over £51,200 and warning that he could face bankruptcy if the debt was [...]
Energy giant clashes with HMRC at UK’s highest court over £28m penalty May 18, 2026 Scottish Power is to face the tax authority at the UK’s highest court over a tax deduction on a £28m penalty to settle a probe with the regulator. The legal case stems from a probe by the energy regulator Ofgem into Scottish Power between 2013 and 2016 regarding mis-selling, poor complaints handling, and a lack [...]
Quantexa chief says £175m HMRC deal will ‘protect taxpayers’ money’ May 14, 2026 HM Revenue and Customs (HMRC) has signed a £175m, 10-year partnership with London-based Quantexa to overhaul its data infrastructure, as the tax authority scrambles to recover billions lost to evasion and sophisticated fraud. The deal – one of the largest tech deployments in the public sector – is designed to fix the “fragmented” legacy systems [...]
City sounds the alarm on pension inheritance tax upheaval May 13, 2026 City grandees have raised the alarm over government plans to overhaul key rules over pensions and inheritance tax. The sweeping reforms will allow scheme providers to retain half an outstanding pension pot to ensure executors can cover potential bills for inheritance tax, or IHT. Due to take effect in April next year, the changes will bring [...]
HMRC: self-employed workers twice as likely to file taxes late May 8, 2026 Self-employed workers are twice as likely to file their taxes late compared to higher earners, City AM can reveal, amid renewed focus over the administrative burden facing freelancers and sole traders. Those that are self-employed and on the lowest incomes below the basic tax rate threshold, are “significantly more likely to miss the self assessment [...]
HMRC handed red card in £584,000 football referee tax lawsuit May 5, 2026 HMRC has lost a long-running legal battle against the UK’s football refereeing body over the employment status of 60 referees, after the tax authority issued a £584,000 tax bill. In a judgment on Friday, the First Tier Tribunal (FTT) upheld that the referees were self-employed and not employed by the body, the Professional Game Match [...]
Small business tax rule changes will not boost Exchequer coffers, top accounting firm argues April 30, 2026 A leading accountancy and advisory firm has sounded the alarm over a consultation by HMRC into tax rules for small businesses, arguing it will not close the tax gap and would leave firms tangled in even more red tape. Blick Rothenberg argued that the current HMRC consultation into so-called close companies, which have fewer than [...]