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Tax experts have hit out at the Labour Party government's tax arm, accusing it of living in a “utopian dreamland”.
More than £1.5 billion in tax was taken by HMRC from special investigations into the wealthy in the 2023/24 tax year, more than double the £713 million it yielded in the previous year.
While there has never been a wealth tax in the UK, the notion was raised under Rishi Sunak after the COVID years - and ...
"There is much public interest in the amount of tax the wealthy pay. People need to know everyone pays their fair share," a group of MPs warn.
Tucked away in HMRC’s Transformation Roadmap [1] was the news that the tax department is abandoning Making Tax Digital for corporation tax (MTD for CT).
The latest report into the tax system found that HMRC spent £785m on running its digital tax systems in 2023-24, accounting for an 18% cost increase in real terms from 2019-20. It also spent £ ...
HM Revenue & Customs (HMRC) is working to fix a glitch in communications between systems that has seen self-assessment tax rebates paid twice to some claimants. A communications glitch between ...
International - For most American expats living in Britain, a life overseas means having the ongoing nightmare of dual ...