Financial Advisor Scams 16 Victims: A £2 Million Fraud Case
Financial advisor Stephen Rae pleads guilty to £2 million fraud against 16 victims, with offenses first reported in 2015 and uncovered during a police search. The officer urges victims of such scams to report promptly for swift action against offenders.
Rate Debate: Why the Bank of England Opted for a 5% Hike
Bank of England raises interest rates to 5% due to persistently high inflation, impacting loan repayments but boosting savings; projections hint at a potential peak of 6.25% by year-end to address the 9% inflation rate, aiming for a 2% target...
Building Futures: Prince William’s Drive to End Homelessness
Prince William's Homewards initiative seeks to end UK homelessness, drawing inspiration from Finland's success, with a focus on comprehensive solutions and changing public perceptions.
Self-Assessment Helpline to Close Temporarily, HMRC Announces
From June 12 to September 4, HMRC shifts Self-Assessment helpline queries online, optimizing resources for urgent needs. Connect with our professionals for assistance with self-assessment tax returns.
£700K tax debt Forces Ban on TFP Hospitality Directors
Former TFP Hospitality directors, Andrew and Clare Novak, banned for 3 and 3.5 years, owed £700,000 to HMRC, leading to the company's liquidation in July 2021. Now, Andrew manages The Firepit Restaurant & Cocktail Bar in Rawtenstall, where Clare is...
New Era of UK Rentals with the HMRC Landlord Database: Renters’ Reform Bill
This article covers the Renters (Reform) Bill, introducing the HMRC Landlord Database. It mandates residential landlords to register, pay a fee, and obtain unique identifiers, enhancing transparency and tax enforcement.
UK Residents Named In Pandora Papers May Face Penalties Of Up To 200%
In this article, we will discuss HMRC's warning to individuals implicated in the Pandora Papers, emphasising the risk of severe penalties, including fines up to 200% of owed tax and potential prosecution. The article will also highlight HMRC's encouragement for...
HMRC Helpline Closure | A Challenge for Taxpayers
In this article, we delve into HM Revenue & Customs' three-month suspension of the self-assessment helpline, coinciding with reduced office staff in the summer. This decision has sparked concerns about the tax office's capacity to handle increasing demands, potentially affecting...
Cracking Down on Airbnb Tax Evasion: HMRC’s Latest Measures
This article covers HMRC's investigation into six years of income disclosure for UK Airbnb hosts, emphasising compliance with tax obligations. Hosts receiving letters are urged to voluntarily disclose undeclared income through HMRC's Digital Disclosure Service, with penalties based on cooperation.
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