UK Taxman Targets Evasion by YouTube Creators and Etsy Sellers
The UK’s tax officials are urging YouTubers and online sellers of handcrafted items to come forward to seek advice on their financial affairs, as part of a clampdown on people using undeclared “side ...
Cost Of Tax Evasion Likely Far Higher Than The £5.5 Billion Estimated By HMRC, Say MPs
The amount of money lost to the public purse through tax evasion is likely far higher than the £5.5 billion estimated by Her ...
Ealing Times3d
£5.5bn lost to tax evasion could be ‘vast underestimate’ by HMRC, MPs warn
HMRC has previously estimated the practice, known as phoenixism, accounted for 15% of its tax debt losses in 2022-23, equivalent to more than £500 million. However, the Insolvency Service disqualified ...
JD Supra8d
UK Public Authorities (Fraud, Error and Recovery) Bill: Banks and EMIs face detailed new information and account direct deduction obligations
Banks and EMIs will need to consider the impacts of proposed new requirements to comply with information notices and account direct deduction ...
Spear's Magazine10d
HMRC suspects Britain’s wealthy underpaid £325 million in inheritance tax as government ramps up IHT compliance
As the government seeks to raise an extra £2 billion through IHT increases, a crackdown by HMRC on underpayment is expected ...
HMRC warns more than a million taxpayers they face financial penalties
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
The Free Press Journal13d
Bhopal: I-T Crackdown On Tax Evaders, Crores In Evasion Found
Bhopal (Madhya Pradesh): The Income Tax department conducted survey at various locations across the state on Friday, uncovering significant tax evasion amounting ... US & UK At Least 28 Hurt ...
First Coast News14d
DOJ: Florida businessman indicted for tax evasion
A federal grand jury in Jacksonville indicted a Florida businessman with "tax evasion, not filing a tax ... $1.9 million in outstanding taxes, penalties and interest against Mak for tax years ...
Bluffton Today14d
Beaufort County businessman faces tax evasion charges
A businessman from Port Royal was arrested Jan. 28 and charged with several counts of tax evasion, the South Carolina Department ... SCDOR said if convicted, Jennings faces a maximum penalty of five ...
The Mirror14d
DWP shares update on benefit fraud prosecutions and who will be taken to court
The Department for Work and Pensions (DWP) has said it will only be able to prosecute the "big" cases of benefit fraud due to court ... a series of administrative penalties we would apply rather ...
The Independent14d
What you need to file a self assessment tax return as HMRC deadline fast approaches
filing a self-assessment tax return. It’s not always a job looked forward to, but it is an important one and needs doing in a timely fashion to avoid penalties, with returns needing to be ...
Daily Mail14d
Warning to millions of Brits facing fines TODAY: Self-employed workers at risk of £100 penalty - as they are urged to act now
HM Revenue and Customs (HMRC) warned that 3.4million people as of January 23 were yet to submit the completed form for 2023/24 and therefore risked the penalty ... 500,000 in UK tax for 2022/ ...