8 h. ago HMRC is a 'lumbering dinosaur' say MPs who call on tax office to start using AI

MPs are urging HMRC to start using AI to improve its productivity and 'out of date' services as the cost of collecting taxes soared by half a billion.

Politics

8 h. ago ‘Lumbering dinosaur’ HMRC becoming more expensive and less trusted, say MPs

The Commons Public Accounts Committee found the cost of collecting taxes rose by £563 million over the last parliament, while productivity fell.

Politics

6 d. ago Trump doesn’t want to boost taxes on millionaires because he’s worried they’d leave the country

That would be ‘disruptive,’ Trump claimed of the moving millionaires, who would be expected to pay taxes as well in other countries, many with substantially higher tax rates than the U.S.

Politics

2 w. ago HMRC makes £3,000 change to tax rules as households hit with £600 bill

The tax office will tweak the rules to allow you to earn £3,000 before you need to register to pay tax through the self-assessment system - but it doesn't mean you owe any less

Economics

2 w. ago Keir Starmer promises an extra 3,000 neighbourhood officers on Britain's streets by next year

The Prime Minister, speaking on a visit to a police headquarters in Cambridgeshire, said the recruits would be 'on the beat... not stuck behind a desk'.

Events

3 w. ago ‘I never realised something wasn’t right’: Carlo Ancelotti denies €1m tax fraud

Manager accused of failing to pay tax due on image rightsItalian claims salary arrangement seemed ‘quite normal’The Real Madrid coach, Carlo Ancelotti, who is on trial for allegedly defrauding Spain’s tax office of more than €1m in undeclared earnings from image rights, has told a court he believed his financial affairs were in order and “never thought a fraud could have been committed”.Prosecutors allege the 65-year-old former Chelsea and Everton manager used shell companies outside Spain to conceal “the real beneficiary of the income from the exploitation of his image rights” in 2014 and 2015. They are seeking a jail term of four years and nine months and a fine of €3.2m. Continue reading...

Politics

3 w. ago Carlo Ancelotti tax evasion trial begins in Spain as Real Madrid coach faces fraud charges

He is accused of defrauding Spain’s tax office of more than €1m (£836,857)

Politics

4 w. ago Real Madrid manager Carlo Ancelotti to stand trial accused of €1m tax fraud

Charged with not declaring earnings from image rightsItalian ‘not worried’ and has ‘total confidence in justice’The Real Madrid coach, Carlo Ancelotti, will appear in court on Wednesday to stand trial on charges of defrauding Spain’s tax office of more than €1m (£836,857) in undeclared earnings from image rights in 2014 and 2015.Prosecutors, who are seeking a jail term of four years and nine months, allege that the 65-year-old former Chelsea and Everton manager used shell companies outside Spain to create “opacity vis-a-vis the Spanish treasury concealing the real beneficiary of the income from the exploitation of his image rights”. Continue reading...

Politics