HMRC said the information will help users' crypto activity be linked to their tax record to work out how much tax is payable.

HM Revenue and Customs (HMRC) has charged 600,000 late penalties to low earners despite them owing no tax. The tax office applies an automatic £100 fine if someone misses the tax return deadline of ...

Self-assessment taxpayers who make 'payments on account' have less than one month to settle the second instalment of the year ...

Director submitted falsified documentation to reclaim VAT Hassan Waqar has been disqualified as a director for 11 years after ...

An aesthetic clinic owner named and shamed by HMRC for owing £100k in tax and fines says the tax office has forced him out of town.

HMRC has finally addressed an IT glitch that incorrectly imposed penalties on some customers' VAT accounts. The issue stems from a number of VAT returns submitted on 7 December 2024, according to ...

1. What is Making Tax Digital? Making Tax Digital involves keeping digital records of accounts and sending summaries to HMRC every three months, instead of filing one final return annually. You'll ...

London, United Kingdom, April 2, 2025 -- Every year, UK businesses lose billions due to VAT miscalculations, incorrect filings, and missed deadlines. With over 70,000 HMRC VAT investigations conducted ...

HMRC warning over tax 'loophole' that could leave people paying more A new scheme is reportedly claiming it could reduce your tax liability through an advertising loophole Comments News Samantha ...

Money HMRC Major warning to over 11million taxpayers ahead of huge HMRC change next week The late payment rate currently sits at 7% and has been at this level since February 25, 2025. However ...

HMRC fines are set to jump as the Treasury pushes for ‘easy wins’ in the wake of the Spring Statement. T he Treasury said late payment penalties for Value Added Tax (VAT) and ITSA taxpayers ...

Rachel Reeves announced plans to increase late payment penalties for VAT and income tax self-assessment taxpayers.