Square Mile paid a record £76bn to the taxman last year

Square Mile paid a record £76bn to the taxman last year – representing 10% of all receipts By Daily Mail City & Finance Reporter Published: 23:13 GMT, 9 February 2021 | Updated: 23:13 GMT, 9 February 2021 The financial sector coughed up a record £75.6billion in tax last year, reiterating its importance to the UK … Read more

Taxman set to get new powers over bank details

Taxman being given new powers to seize bank customers’ financial details without their consent By Helen Cahill, Financial Mail On Sunday Published: 21:50 BST, 19 September 2020 | Updated: 21:50 BST, 19 September 2020 The taxman is being given new powers to seize bank customers’ financial details without their consent.  New laws will allow the … Read more

Radio 2 star Ken Bruce got £100k rise amid claims that he faced probe by taxman 

Radio 2 star Ken Bruce got £100k rise amid claims that he was one of the corporation’s stars who had faced probe by taxman Presenter’s mid-morning show is most listened to radio programme in country The pay is £105,000 more than his pay of up to £284,999 the previous year  BBC said pay also covers Bruce’s Eurovision … Read more

Residential landlords ‘cheating taxman out of £1.7bn’

Residential landlords ‘cheating taxman out of £1.7bn’ a year, think-tank says That’s three times higher than £540m reported for 2010, Tax Watch said Money is lost as many landlords fail to declare income on self-assessment forms By Sarah Bridge for The Mail on Sunday Published: 22:31 BST, 8 August 2020 | Updated: 22:31 BST, 8 … Read more

‘Scandalous’ RBS helped fraudsters cheat the taxman

‘Scandalous’ RBS helped fraudsters cheat the taxman as High Court rules it was involved in £45m VAT fraud By Adam Luck For The Mail On Sunday Published: 22:31 BST, 20 June 2020 | Updated: 22:31 BST, 20 June 2020 Taxpayer-owned Royal Bank of Scotland was last night accused of ‘scandalous’ behaviour after the High Court … Read more

Self-employed caught out by the ‘loan charge’ are still chased by the taxman despite coronavirus

Self-employed workers caught out by the controversial ‘loan charge’ are still being chased by the taxman during the coronavirus lockdown, despite many having lost work. HM Revenue & Customs recently announced that it will not collect debts from businesses or self-employed people who find themselves in financial difficulties due to the coronavirus lockdown.    But the … Read more