HMRC has refused to name all of the companies who benefited from £41bn in furlough cash support during the first lockdown, citing confidentiality laws. A Freedom of Information request to name each company to use the wage support scheme in the first six months of the Covid-19 pandemic has been refused. Business giants including McDonald’s, … Read more
This Morning host Eamonn Holmes, 60, is taking HMRC to court to fight £250,000 tax bill Eamonn Holmes is set for a court showdown with HMRC over a £250,000 bill Was hit with £250k bill after losing a case against the taxman over how he is paid The 60-year-old has now filed to take HM … Read more
Ian Bowden is partner in Tax Technology at accountants and business advisors BDO Ian Bowden is partner in Tax Technology at accountants and business advisors BDO. While the impact of Covid-19 has delayed the introduction of new tax legislation, HMRC’s main focus as we emerge from lockdown will be on replenishing the public coffers. In … Read more
HMRC investigates 27,000 ‘high-risk’ furlough claims after it emerged Government paid out £3.5billion to fraudsters exploiting the Covid-19 jobs protection scheme HMRC bosses revealed 5-10% of payments may have been stolen or paid in error PM’s spokesman insists ‘everything possible’ would be down to claw back cash Furlough scheme is winding down and will be … Read more
Chairman of Travelex’s parent company Finablr quits in wake of HMRC crackdown By Matt Oliver For The Daily Mail Published: 21:50 BST, 17 August 2020 | Updated: 21:50 BST, 17 August 2020 BR Shetty stepped down as Finablr chairman with immediate effect yesterday, with no explanation given The chairman of Travelex’s parent company has resigned … Read more
Callers were forced to wait 15 minutes to talk taxes with HMRC in May- more than double the average waiting time for March By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 14 July 2020 | Updated: 22:01 BST, 14 July 2020 Callers to HMRC customer services were put on hold for an … Read more
Don’t wait to send your tax return: Filing now could give you eight months to save By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 2 June 2020 | Updated: 09:42 BST, 3 June 2020 Those who need to complete a self-assessment tax return should have received a P60 form Send off your … Read more
Sales of residential homes fell to the lowest level since records began in 2005 last month, new figures from HM Revenue & Customs show. In April there were 38,060 transactions completed, which is less than half the number seen at the same point a year ago. Having been given the green light to get moving … Read more
Sales of residential homes fell to the lowest level since records began in 2005 last month, new figures from HM Revenue & Customs show. In April there were 38,060 transactions completed, which is less than half the number seen at the same point a year ago. Having been given the green light to get moving … Read more
Lifetime Isa savers may still lose their own money to tap savings… as the taxman proves slow to update its system after rule change victory The Treasury is cutting the Lifetime Isa penalty from 25% to 20% until April 2021 Savers who need to access the money now won’t be charged their own money They … Read more