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 ...

HMRC probably worried that if there were no penalties for late filing or errors, then they'd have about 15 million taxpayers wanting to join the trial...but that is resolved by limiting entry to the ...

A company based out of a semi-detached house in Corby has been hit with a huge tax penalty after deliberately defaulting on tax it owed to His Majesty’s Revenue and Customs.

Its statement added that HMRC issued penalties to the four companies totalling £706,692, and the four firms owed a combined £1,136,832 in VAT assessments, penalties and interest.

The ITAT Surat deleted a Section 271-I penalty against Gopal Chandak for non-filing of Form 15CA on non-taxable remittances, citing that rules were notified late.

A Harrogate property company has been fined a five-figure sum by HMRC. Pantera Property Ltd, which is based on North Park Road, was handed a penalty of £18,200 for “failure to apply for registration ...

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