Latest news with #HMRevenueCustoms
Times
11 hours ago
- Business
- Times
High earners face surge in tax investigations
High earners face a surge in tax investigations after HM Revenue & Customs doubled revenues from inquiries into the wealthiest Britons last year. A freedom of information request has revealed that HMRC's wealthy and mid-sized business compliance directorate, which examines the tax affairs of those earning more than £200,000 a year or with assets above £2 million, yielded more than £1.5 billion in 2024, double the amount raised the previous year. The success of the unit has led to a decision to hire an extra 400 specialist compliance officers, who will be added over the next four years. The government hopes the move will bring in at least another £500 million in tax revenues by 2030. Accountants have said the number of investigations into wealthy individuals will inevitably increase.
BBC News
13-06-2025
- BBC News
Companies targeted over illegal waste dumping in Worcestershire
Companies accused of dumping waste illegally have been targeted by the Environment Agency (EA).In a joint initiative with West Mercia Police, HM Revenue & Customs and the Driver and Vehicle Standards Agency, the EA identified businesses responsible for unlawfully discarding waste in Pershore and Peopleton, in Worcestershire on a statement on social media platform X, the EA said those responsible had been identified and action had been taken."This sends a clear message to others thinking about doing it in the future - don't," the statement said. Follow BBC Hereford & Worcester on BBC Sounds, Facebook, X and Instagram.
