HMRC criticised for not reporting £47m phishing attack sooner June 5, 2025 Information from 100,000 taxpayers was targeted by criminals who committed a phishing attack on HMRC
Non-dom exodus could blow ‘black hole’ in public finances June 2, 2025 At least 10 per cent of the UK’s non-doms left the UK last year following Rachel Reeves’ crackdown on the tax status, new research claims, a rate which if continued into this year would wipe out the Chancellor’s fiscal headroom. According to the Chamberlain Walker study, conducted by former Treasury economist Chris Walker, a minimum [...]
IG Group: First crypto trading launch for UK-listed firm June 2, 2025 IG Group has become the first UK-listed company to launch crypto trading to retail investors, with the FTSE 250 firm debuting the feature amid a surge in policy pitches meant to woo digital currency investors. Customers on the trading platform can now buy, sell and hold crypto assets, with IG Group charging 1.49 per cent [...]
Reform’s new crypto plan: politics ‘the driving force’ June 1, 2025 While Reform UK leader Nigel Farage was busy wooing the Bitcoin aficionados in Sin City, Las Vegas, party chairman Zia Yusuf faced the much less glamorous task of selling the UK media their new crypto plan. “This is not about turning the UK into some alt-coin scammers paradise,” Yusuf said. This follows the Reform party’s [...]
HMRC eyes prosecution powers in tax evasion clampdown May 29, 2025 HMRC is under pressure to recover lost revenues from tax evasion, resulting in it horning in on its criminal investigation powers.
What is a P11D form? What employers need to know ahead of the July 6 deadline May 29, 2025 Employers will need to submit a P11D form if their employees are receiving benefits of any type on top of their salary. Here’s everything you need to know. We’re well into a new tax year, but that does not mean a pause for paperwork. Far from it, especially for employers. As well as having to [...]
HMRC review signals potential pension tax changes in Autumn May 28, 2025 Rachel Reeves could target pension savers in fresh tax grab as the Chancellor looks for additional ways to fund the government’s ballooning spending. His Majesty’s Revenue and Customs (HMRC) has published research as part of an official review of workplace retirement schemes, exploring cuts to the tax benefits of salary sacrifice pension schemes. The schemes, [...]
Brits prepared to legally challenge an ‘unfair’ inheritance May 27, 2025 Nearly four in ten Brits said they’d dispute a Will and potentially go to court if they thought the inheritance they received was unfair
HMRC crackdown on R&D tax fraud sees probes into 33 football clubs May 27, 2025 HMRC has opened investigations into several professional football clubs over concerns that they may have exploited a tax relief scheme
Tribunal kicks out Walkers tax appeal over Sensations Poppadoms May 23, 2025 The Upper Tax Tribunal has thrown out an appeal by the crunchy potato slices giant regarding its VAT dispute with the taxman