About 300,000 people who have failed to send in their tax returns for 2010-11 may have their goods seized. The UK tax body is sending warning letters to those who have now run up late-filing penalties of £1,300 for that…

Latest HMRC taskforces aim to recover about £17m, including from people letting properties and not disclosing income The Scottish alcohol industry and buy-to-let landlords in south-east England are the latest sectors to be targeted in a continued crackdown on tax…

The strong high net worth unit, comprising of 380 staff, was set up by HM Revenue & Customs in 2009 to oversee tax collection from the UK’s 5,000 taxpayers, with assets of £20m or more, and was expected to generate £100m…

The global super-rich elite had at least $21 trillion (£13 trillion) hidden in secret tax havens by the end of 2010, according to a major study. The figure is equivalent to the size of the US and Japanese economies combined. Those…

Higher-rate taxpayers who haven’t submitted tax returns are being offered the opportunity to come clean and pay tax owed in return for lenient treatment. The amnesty, announced by HMRC as part of a clampdown on tax evasion, is aimed at…

Higher rate taxpayers are losing a collective £296m a year because they fail to claim higher rate tax relief on their pension contributions, new research has found. According to independent research, the average higher rate taxpayer loses £1020 a year…

Self employed eBay trader… If you are a regular self employed eBay trader and haven’t been declaring your income, you may be in for an unpleasant surprise. Ebay traders are the latest group to be targeted by HMRC, which has previously…

About 500,000 people are being sent notices of penalties of at least £1,300 for failing to submit their tax returns. The HM Revenue and Customs (HMRC) penalty is made up of £900 in daily fines alongside a late-filing penalty of…