16,000 landlords admit to underpaying tax as HMRC cracks down on buy-to-let Tax office recoups £42m from property investors in 2018-19 Thousands of landlords have admitted to underpaying tax on their rental income, an increase of 145% compared with the […]

The taxpayer was defeated over a penalty due for late registration but was aided by the application of HMRC’s secret ‘liable no longer liable’ concession. The FTT case of Stanley Chmiel (TC07112) was a routine win for HMRC. His company […]

The owner of a Surrey restaurant who used stolen VAT money to pay her children’s school fees has been jailed. Huey Jun Khoo, along with her business partner Jing Fu, used an off-the-record card machine at the Bon East Chinese […]

Life has become very tough for amateur landlords in recent years. Tax changes, tighter regulations, lending restrictions – you name it, the buy-to-let property sector has been hit by it. But one entity is very happy indeed about the squeeze […]

The new tax year starts on today and in general taxpayers will have more money in their pocket after increases to allowances come into force. Those selling shares or buy-to-let properties, however, will be hit hard. Increases to the tax-free […]

Many nations, particularly Scandinavian countries, are currently trying to embrace a cashless future where physical money is replaced with digital. RT talked to experts about the upsides and downsides of such a move. While some see a cashless society as […]

HM Revenue and Customs has agreed to set out details of how the collapse of the its contract with US outsourcing firm Concentrix to tackle tax credit fraud and error has affected performance following a recommendation by MPs. In its […]

Some 700,000 people failed to submit on time – if you missed the self assessment deadline, here’s what you need to know Millions of people will be breathing a sign of relief today after just about making HMRC’s tax return […]