In addition, reports in November 2024 indicated a decrease in the HMRC investigations into serious tax fraud and avoidance, with cases known as Code of Practice 8 and 9 dropping to a six-year low.
Nearly 25,000 people chose to ring in the new year by submitting their tax returns on the first of January, HM Revenue and Customs (HMRC) has disclosed. A notable 38,260 taxpayers managed to fit ...
In the tax year ending March, 31 2024, HMRC brought in an extra £285million in tax from investigations into the underpayment of Inheritance tax – 14% up on £254million collected from ...
Its summary was blistering, stating that HMRC answered just two-thirds of customer calls to its advisers (against a target of 85 per cent) in the last full tax year – with calls automatically ...