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HMRC

  • Jannik Sinner reappoints trainer he sacked after positive doping test

    Sport

    Wimbledon champion Jannik Sinner has reappointed his former fitness trainer, who he sacked following his positive doping tests last year. Sinner parted ways with his fitness coach Umberto Ferrara and physio Giacomo Naldi last summer, after it was announced that the Italian tennis superstar had twice tested positive for the steroid clostebol in March 2024. [...]

  • City watchdog and HMRC ‘stepping up enforcement’ as number of raids surge

    Business

    The number of raids carried out by the City regulators upticked in the last two years, while the pressure on HMRC to investigate tax fraud is showing in the numbers

  • Companies House crackdown: 11,500 firms struck off

    Business

    Over 11,000 UK firms have been struck off the Companies House register over the past year following a coordinated crackdown on corporate structures suspected of facilitating fraud, money laundering and other economic crime. The operation, led by the National Economic Crime Centre and supported by the National Crime Agency, Companies House, HMRC, and several UK [...]

  • HMRC to slap Wimbledon winners Sinner and Swiatek with £1m tax bill

    July 16, 2025

    Wimbledon winners Jannik Sinner and Iga Swiatek will each be slapped with a £1m tax bill by HMRC. Despite not being based in the United Kingdom, Italian Sinner and Pole Swiatek will each be taxed at 45 per cent for winning in SW19 and claiming their £3m prizes. Robert Salter, of audit, tax and business [...]

  • HMRC doesn’t know how many billionaires are in Britain

    July 16, 2025

    HMRC does not know how many billionaires pay tax in the UK or how much they contribute, a group of MPs have warned, despite the outsized share of tax revenues they contribute, piling yet more scrutiny on the feasibility of a blanket wealth tax. In a report examining how to tax wealthy individuals, the Public [...]

  • HMRC under pressure as underpaid tax by US firms surges

    July 14, 2025

    The UK’s tax collector is under pressure amid a surge in underpaid tax by US companies. HMRC suspects as much as £8.8bn in tax was underpaid by US companies in the previous tax year, a jump of 57 per cent compared to the previous year, according to figures obtained by accounting firm UHY Hacker Young. [...]

  • State pension could face insolvency by 2036 despite tax hikes

    July 6, 2025

    Britain’s state pension could become financially unsustainable as early as 2036, despite recent increases in National Insurance contributions, according to new modelling by the Adam Smith Institute (ASI).  The think tank warned the Treasury is on course to spend more on welfare payouts than it receives in National Insurance receipts within just over a decade. [...]

  • Taxpayers on the hook for at least £1bn after Lindsey oil refinery closure

    July 4, 2025

    British taxpayers could be forced to pay up more than £1bn following the collapse of the Lindsey oil refinery in North Lincolnshire last week. Sources told the Times HMRC is owed unpaid taxes of around £250m, while the facility’s decomissioning costs could run from anywhere between £700m and £3bn. At least 420 jobs were put [...]

  • Sandwich or Confectionery? M&S strawberry sandwich raises VAT questions

    June 26, 2025

    M&S has jumped on the bandwagon of the viral Japanese strawberry sando by launching its own, but the treat has raised the old familiar question about VAT

  • London’s Hippodrome Casino takes HMRC to court

    June 24, 2025

    The Hippodrome Casino is at court today, seeking to overturn an 'unusual' ruling in a case over which method to use for the recovery of residual input tax

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