Tag results for: HMRC

Total extra tax yielded from investigations rises 15 per cent to record £48 billion – London Business News | Londonlovesbusiness.com

New HMRC data shows the total extra tax collected through tax investigations and other compliance work increased 15% last year to a record £48bn up from £41bn in...

Non-UK sports stars are still taxed by HMRC on their UK earnings – London Business News | Londonlovesbusiness.com

Tennis stars Jannik Sinner and Iga Swiatek face heavy UK tax liabilities of over £1 million each as a result of winning Wimbledon, say leading audit, tax and...

Wimbledon residents who don’t file a tax return when required could face painful penalties from HMRC – London Business News | Londonlovesbusiness.com

Wimbledon residents looking to make extra money off tournament goers could face painful penalties from HMRC if they don’t file a tax return when required, say leading audit,...

HMRC’s ‘Making Tax Digital’ project is pointless – London Business News | Londonlovesbusiness.com

HMRC’s Making Tax Digital (MTD) regime is pointless, as the Treasury will receive no additional tax take, despite taxpayers reporting burden increasing, say leading audit, tax and business...

HMRC is harming taxpayers who have been financially abused – London Business News | Londonlovesbusiness.com

HMRC is harming taxpayers who have been financially abused, with some victims even attempting suicide due to the stress of dealing with the Revenue’s enquiries,...

HMRC could soon tax people’s savings with ‘fixed rate accounts’ – London Business News | Londonlovesbusiness.com

People who are saving money in a non-ISA savings account could be forced by HMRC to pay even more tax on their interest gained. ...

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