HMRC
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Aug- 2022 -22 August
HMRC issues more fines for deliberate corporation tax misinformation
The number of businesses fined by HMRC for deliberately obscuring corporation tax has increased to its highest level in four…
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15 August
HMRC increases late payment interest
HMRC has announced that interest rate will increase with effect from 15 August 2022 for late quarterly instalment payments, and…
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10 August
HMRC receives 14,000 furlough fraud reports from whistleblowers
The HMRC has received 13,775 whistleblower reports regarding fraud against the furlough scheme, with more people reporting their employers and…
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5 August
Capital Gains Tax hit record £14bn in 2021
The Treasury has witnessed record amounts of Capital Gains Tax (CGT) in the year ended 5 April 2021, with CGT…
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Jul- 2022 -21 July
Prison sentences for tax evasion surge 42% amid HMRC crackdown
The prison sentence for tax evaders who have been sentenced has jumped 42% in the past 12 months, from a…
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21 July
HMRC issues 80% more penalties for tax return mistakes
HMRC has handed out 80% more penalties for “careless errors” made by taxpayers in their tax returns, with 89,317 penalties…
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1 July
HMRC formally opens Birmingham regional centre
HMRC’s Birmingham regional centre and UK Government hub has been formally opened by Jim Harra, HMRC’s first permanent secretary and…
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Jun- 2022 -28 June
HMRC suspects 208 large businesses of underpaying VAT
HMRC reportedly suspects that 208 of the UK’s largest businesses have underpaid VAT by an average of £13.4m each, according…
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27 June
Wise CEO under investigation for tax breach
Wise, the money transfer group, has revealed that CEO and co-founder Kristo Käärmann is being investigated by the Financial Conduct…
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27 June
HMRC extends scope of Trust Registration Service
HM Revenue and Customs (HMRC) has extended the reach of its Trust Registration Service (TRS) through implementing new legislative changes.…
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