Shah Financial Services

Newly formed HMRC team with £1bn recovery target goes after fraudulently claimed lockdown money.

Fraud fears over firms’ furlough millions Hundreds of companies set up after the government’s furlough scheme was established claimed up to £26.6 million from the taxpayer, The Times has learnt. Many of

Around 24,000 HMRC customers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused.

Time is running out for customers with Post Office card accounts Around 24,000 HM Revenue and Customs (HMRC) customers with a Post Office card account have just three weeks left to update the department with new payment...

Just like the old days!

Royal Mail is recruiting 20,000 seasonal workers for Christmas Online shopping boosts demand in lead-up to festive season

National Payroll Week is perhaps a great time to share our furlough update.

The U.K. had about 5% of the workforce on furlough in the final month of the government program that paid the wages of those whose workplaces were closed during the pandemic.

Over 1 Million U.K. Jobs Furloughed in Final Month of Program The U.K. had more than a million people on furlough in the final month of the government program that paid the wages of those whose workplaces were closed during the pandemic.

HMRC slapping HM Courts and Tribunals Service with a £12.5m tax bill.

Who do you think has to pay that bill ultimately? That's right, the taxpayers.

Maybe HM Courts and Tribunals Service should appeal this decision (to themselves, of course).

HM Courts and Tribunals Service pays £12.5m bill for IR35 failings HM Courts and Tribunals Service has become the latest government department to fall foul of IR35 rules.

Government seeks to make a digital tax system work for all - https://www.gov.uk/government/consultations/call-for-evidence-the-tax-administration-framework-supporting-a-21st-century-tax-system

Two news that reflect the reality. The can be a terrible animal for some, but a friendly pooch for others.

1. https://www.theguardian.com/politics/2021/jan/10/hmrc-wave-fines-taxpayers-file-late-returns-due-covid
2. https://www.ft.com/content/e7ef0ec3-f4de-40f9-ad95-0e7587ac7e2d

HMRC pursues multiple criminal investigations in corporate tax disputes Authority scrutinises arrangements of an unnamed number of global groups

Boris Johnson hints at tax cuts to boost Covid-hit UK business https://www.ft.com/content/df2c4fa3-a181-4014-9d60-a885f7ab4b95

Boris Johnson hints at tax cuts to boost Covid-hit UK business PM’s social media session highlights potential tensions to come between No 10 and chancellor over national finances

Study from the Resolution Foundation has found that the top 1% had almost £800bn more wealth than suggested by official statistics. The revelation comes amid calls for ministers to consider a new wealth tax.

Richest 1% have almost a quarter of UK wealth, study claims Official figures have missed £800bn of private assets, says thinktank, amid calls for wealth tax to fund Covid recovery

Last minute 3 months grace period for exports.. unfortunately more confusion for businesses.

John Lewis tells Northern Irish shoppers they can’t receive deliveries because of Brexit Government announces three-month grace period on customs declarations hours before transition period ends, leaving businesses scrambling to change plans