HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREBrits slapped with £571m in HMRC fines in crackdown on tax avoidance and late payments
Penalties imposed by HMRC on taxpayers have jumped by nearly a third, from £445m to £571m in just one year, according to fresh HMRC data.
The primary reason behind this jump is HMRC increasingly clamping down on tax avoidance as part of its efforts to make up for revenue lost during the pandemic, said experts at tax investigation insurance firm PfP, which analysed the data.
Read more at City A.M.
Previous
UK credit card borrowing rises at fastest annual rate for 17 years
Next
Consultancy director banned for abusing COVID-19 financial support scheme
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE