Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • The Trend Micro Cybersecurity Knowledge Hub
    • Talk Crypto
    • Schroders Talk
    • M&A Talk
  • Crypto A.M.
    • Crypto News
    • Crypto Magazine
    • Crypto AM Summit & Awards 2022
  • Opinion
    • Features
    • Letters
    • The City View
  • Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Doceo
    • Warwick Business School
  • Unwind
    • Life & Style
    • Sport
    • The Punter
    • LIV Golf
    • Travel
    • Sport Business
    • The Punter Podcast
    • Aramco Team Series
    • Culture
    • The Magazine
    • The DiverCity Podcast
  • Impact A.M.
  • Latest Paper
  • Jobs
  • CityAM Awards 2023

HM Revenue & Customs (HMRC)

  • ‘No penalties for innocent tax errors’: Head of HMRC piles more pressure on Zahawi

    Nadhim in trouble?

    The boss of HM Revenue & Customs (HMRC) has told MPs there are “no penalties for innocent errors”, as he was quizzed on the tax furore surrounding Nadhim Zahawi. HMRC chief executive Jim Harra, appearing before the Public Accounts Committee where he was due to discuss tax compliance and the pandemic, was pressed on some [...]

  • UK’s ‘science superpower’ dreams at risk due to HMRC crackdown on R&D tax relief fraud

    Science & Tech

    The UK’s goal to become a ‘science superpower’ is at risk as an increasing number of British firms move their R&D activity abroad, due in part to HMRC’s crackdown on fraudulent tax relief claims, a new report says. More than two-thirds (69 per cent) of UK businesses moved R&D activity abroad last year, figures from [...]

  • Inheritance tax: London property nets HMRC £820,000 in death duties on average, double other regions’ intake

    Inheritance Tax

    Property makes up half the wealth of estates in London paying inheritance tax (IHT) – around twice as much as most other regions, according to a retirement specialist. An HMRC Freedom of Information (FOI) request from retirement specialist Just Group revealed that in 2019-20, the latest financial year of available data, property accounted for 50 per cent [...]

  • Government to spend tens of millions more to crack down hard on tax fraud  

    December 9, 2022

    The Autumn Statement revealed that the government will spend an additional £79m to fight tax fraud in the next five years, as HMRC is promised greater resources to tackle the tax gap. This marks a 27 per cent increase on the £292m investment announced at last year’s Budget. Through the extra £79m, HMRC expects to raise an [...]

  • Fraud crackdown saves £400m for public purse, enough for 130k people’s healthcare

    December 6, 2022

    The government’s fraud-fighting efforts have saved more than £400m, enough to cover 130,000 people’s healthcare. New figures released by the cabinet office show the cash was kept in the coffers thanks to new state-of-the-art data matching technology. The fraud clampdown comes after Chancellor Jeremy Hunt announced in the Autumn statement, the UK would set aside [...]

  • Tax Tribunal backlog soars following HMRC crackdown on fraudulent umbrella companies

    December 4, 2022

    The backlog of cases waiting to be heard in the UK’s tax tribunal has surged following an HMRC crackdown on fraudulent “umbrella companies”. The number of cases waiting to be heard in the First-Tier Tax Tribunal has increased 84 per cent over the previous year to heights of 46,000, according to UK government figures. The [...]

  • Taxman grabs 30 per cent more from Brits over last five years

    November 23, 2022

    The amount of money the taxman takes away from Brits has climbed 30 per cent over the last five years, City A.M. analysis of official figures shows. In the year to 31 October this year, HMRC collected £757bn in taxes, up from £584bn in 2015/16, stats out this week reveal. The rise in tax revenues [...]

  • Delinquent tax balloons to £38bn as HMRC walks ‘fine line’ to avoid mass insolvencies

    November 16, 2022

    Unpaid tax has ballooned by 10 per cent to almost £38bn in the last three months of the year, but HMRC is concerned about triggering a wave of insolvencies.  HMRC denied claims it is ramping up its debt collection, as it comes under increasing pressure to chase up delinquent payers in a time of economic [...]

  • HMRC sues EY following dispute over property tycoon’s tax affairs

    November 15, 2022

    HMRC has filed a High Court lawsuit against EY over alleged misrepresentations to the UK tax authority in relation to British property investor Jamie Ritblat’s tax affairs. The case relates to a broader dispute between HMRC and the Tory donor over taxes on £141m in profits from Ritblat’s Delancey property investment firm, the Financial Times [...]

  • HMRC’s Covid fraud taskforce to leave billions unaccounted for

    November 14, 2022

    An HMRC unit set up to tackle Covid fraud is set to leave £3.3bn outstanding when it winds down in March 2023, campaigners have warned. The Taxpayer Protection Taskforce, which was set up by Chancellor Rishi Sunak in March 2021, will be phased out, despite having collected less than 25 per cent of the money [...]

Posts navigation

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 14
  • Next

Trending Articles

  • Severn Trent becomes first FTSE 100 firm to have female chair, CEO and CFO

  • When will the Bank of England, Federal Reserve and ECB start cutting interest rates? Sooner than you think

  • Tech Nation to shut down after government controversially gives funding to Barclays

  • Bank of England hikes interest rates for tenth time in a row amid recession and warns of further action to tame inflation

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2023

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2023 City A.M. Limited