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The Latest Breaking News from HMRC

Liverpool legend John Barnes declared bankrupt after company racks up £1.5m debt

The Liverpool legend ran up £1.5m in debt through his media firm

The Independent UK

Over 750,000 people could be owed thousands of pounds and not know about it

Some 758,000 18 to 23-year-olds have yet to claim their matured child trust fund, HM Revenue and Customs said

The Independent UK

Savings windfalls worth £2,242 on average waiting for 758,000 young adults

Some 758,000 18 to 23-year-olds have yet to claim their matured child trust fund, HM Revenue and Customs said.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Meet the industry bosses running UK Government departments

THE former CEO of BAE Systems, the British Airways executive who oversees its lobbying team, the chairman of the Petrochemical giant Ineos and…

The National (Scotland)

Kate Garraway discusses dating and finding love again after the death of husband Derek Draper

The TV star sadly lost her husband last year after a long battle with Covid

Evening Standard

The 11 towns where banking hubs may open after Lloyds shuts 49 branches

Link has so far recommended 244 hubs and 186 are up and running across the UK.

The Independent UK

Former Highlands hotel boss barred from company director roles over tax debt

A FORMER Isle of Skye hotel boss has been banned from being a company director after failing to pay thousands in tax debt

The National (Scotland)

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HMRC to resume tax programme it paused during Covid

IN FULL

The Independent UK

HMRC to resume taking tax owed by debtors directly from their bank accounts

The Government said in the spring statement that HMRC would restart DRD for those who choose not to pay

The Independent UK

HMRC to dip into debtors’ bank accounts to recover owed tax

Direct recovery of debts is used when a person or business can afford to pay what they owe but are choosing not to.

Evening Standard

Martin Lewis Savings Account Warning: Got £10,000 In Your Bank Account? You Could Get Higher Tax

Martin Lewis warns UK savers with £10k+ that frozen 2025 allowances could trigger tax on interest. Explore PSA limits, starting rate relief, and £20k cash ISA shields to avoid HMRC bills.

International Business Times UK

5 common mistakes made by creative freelancers juggling incomes, by a tax expert

Tips for handing tax without drama.

Creative Bloq

Insolvent UK recruiter acquired by previous owner who took millions out

Premier Group Recruitment went into administration with debts of £2.9m – including £647,000 owed in tax

The Guardian - UK

HMRC handed out £5.5m in late tax return fines in one year

The initial fine of £100 increases by £10 a day to a maximum of £900.

Evening Standard

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The National (Scotland)

How Scottish public sector workers are being put at risk from tax avoidance schemes

Scottish companies are roping NHS and council workers into veiled tax avoidance schemes that could see them hit with big unexpected tax bills ...

The Guardian - UK

Reform UK receives £100,000 donation from design firm that faced winding-up petition

Exclusive: Interior Architecture Landscape, which faced closure by HMRC early this year, made donation in June

The Guardian - UK

On the road with the minister tasked with defending Britain’s painful aid cuts to Ghana

Jenny Chapman is shown the impact of her government’s ever-diminishing assistance on her first trip accompanied by the media since taking charge of development

TechRadar

H1: HMRC Basic PAYE Tools review

PAYE tools straight from HMRC, but other free options offer a lot more.

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news in one place.

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TechRadar

IRIS Payroll Basics review

Free, HMRC-approved payroll, but only for the short term

The Guardian - UK

‘Our plans could be derailed’: family firms say Labour tax rises will force fire sales

Manufacturers say new rules on passing on assets threaten investment and future survival of businesses

TechRadar

Staffology Payroll by IRIS review

Staffology Payroll is a powerful payroll system with handy automation, but it’s an expensive option for small businesses.

TechRadar

1st Money review

1st Money offers totally free payroll software for under 10 workers, or a cheap plan for larger businesses.

The Guardian - UK

Wealthy parents rush to give children their assets as tougher UK inheritance tax rules loom

Big family enterprises, which previously paid no IHT, will face tax of 20% on value above £1m from April

Evening Standard

Raise the £450k LISA limit to give London's first time buyers a helping hand

There is a strong case for committing to an annual review of the property price cap to ensure it keeps pace with the ever-changing market

Evening Standard

Angela Rayner: Key events leading up to Deputy PM’s resignation over tax affairs

Ms Rayner has faced mounting pressure to stand down.

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