The latest news about HM Revenue & Customs

a { color: #880000 !important; background: #ffeeee !important; } Latest News from NourishThe Nourish Mission (formerly OneSub)Search Nourish (formerly Charlie)Why is HM Revenue & Customs in the news at the moment?

Recent news involving HM Revenue & Customs (HMRC) has highlighted various issues, including long wait times for helplines, preferential treatment for MPs and civil servants, and errors in tax demands. Additionally, there have been reports of taxpayers facing penalties for late self-assessment tax returns and warnings to cryptoasset investors to declare unpaid tax. Furthermore, the IRS has faced criticism for delays in processing amended tax returns and resolving identity theft cases. HM Revenue & Customs (HMRC) is a non-ministerial department of the UK Government responsible for tax collection, state support payments, and regulatory administration. It plays a crucial role in ensuring compliance with tax laws and regulations, as well as providing guidance and support to taxpayers. HMRC's functions include collecting taxes, enforcing tax laws, processing tax returns, and offering assistance through helplines and online services. The department aims to maintain a fair and efficient tax system while ensuring that taxpayers meet their obligations and receive the necessary support and information.

Stories involving HM Revenue & Customs

UK Law Firm Fined Over Sanction Breaches

Herbert Smith Freehills has been fined £465,000 by the UK government for making payments to sanctioned Russian banks through its former Moscow office. The penalty follows a review by the Office of Financial Sanctions Implementation, which cited a pattern of failings during the firm's closure of its Russian operations in 2022.

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