HMRC

Her Majesty's Revenue and Customs is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes including the national minimum wage.

Source: gov.uk

UK Tax Case Marks First Ever NFT Seizure
UK Tax Case Marks First Ever NFT Seizure
February 14, 2022  |  NFTs

In what is believed to be the first such action by British law enforcement, the U.K.’s tax watchdog has seized three non-fungible tokens (NFTs). As...

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Coronavirus Could Lead To 24.7M Unemployed; Argent Gives King’s Cross Tenants Three Months Of Waived Rent
Coronavirus Could Lead To 24.7M Unemployed; Argent Gives King’s Cross Tenants Three Months Of Waived...
March 19, 2020  |  Coronavirus

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. Here are the latest updates on the coronavirus...

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Bitcoin Daily: Tencent Plans To Launch Digital Blockchain Bank; HMRC Does Not Consider Crypto As Currency
Bitcoin Daily: Tencent Plans To Launch Digital Blockchain Bank; HMRC Does Not Consider Crypto As...
November 11, 2019  |  Bitcoin

Tencent has announced that it will launch a blockchain-based virtual bank. The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities...

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Bitcoin Daily: HM Revenue & Customs Demands Crypto Traders’ Info; Blockchain Lender Raises $18.3M In Series A Round
Bitcoin Daily: HM Revenue & Customs Demands Crypto Traders’ Info; Blockchain Lender Raises $18.3M In...
August 06, 2019  |  Bitcoin

The British tax authority wants cryptocurrency exchanges to share customer names and transaction data in order to track down unpaid taxes. According to CoinDesk, HM...

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UK Contractor Payroll Reforms Reignite Employee Definition Debate
UK Contractor Payroll Reforms Reignite Employee Definition Debate
June 05, 2019  |  B2B Payments

The rise of the gig worker has shaken up the talent pool, with some far-reaching consequences — particularly as it relates to employment regulation. Earlier...

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UK Watchdog Orders Tax Office To Delete Voice Data
UK Watchdog Orders Tax Office To Delete Voice Data
May 10, 2019  |  Security & Fraud

The data protection watchdog in the U.K. has found that Her Majesty’s Revenue and Customs (HMRC) collected millions of biometric voice data from citizens without...

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AltFin Community Advises HMRC Against Insolvency Tax Recovery Plans
AltFin Community Advises HMRC Against Insolvency Tax Recovery Plans
May 07, 2019  |  B2B Payments

The U.K. government is considering reinstating its so-called “crown preference” policy in an effort to prioritize the collection of tax payments from insolvent small businesses....

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Funding Options Criticizes UK Approach To Late SMB Tax Payments
Funding Options Criticizes UK Approach To Late SMB Tax Payments
April 16, 2019  |  B2B Payments

Alternative small business lending platform Funding Options has criticized U.K. tax authorities’ approach to small businesses that fall behind on tax payments. Reports in AltFi...

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Value Of UK AML Fines Jumps 105 Percent
Value Of UK AML Fines Jumps 105 Percent
November 30, 2017  |  B2B Payments

Fortytwo Data, a Big Data company, has released new research that concludes the U.K. is ramping up its fines for anti-money laundering (AML) infractions. According...

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