Add Yahoo as a preferred source to see more of our stories on Google. Rachel Reeves approved plans to reintroduce the ‘direct recovery powers’ in her Spring Statement - Isabel Infantes/Reuters Tax ...

It’s definitely not a cyberattack though! Really! The UK's tax collections agency says cyberbaddies defrauded it of £47 million ($63 million) late last year, but insists the criminal case was not a ...

A phishing scam has cost HM Revenue and Customs (HMRC) £47 million, a group of MPs has been told. The personal tax accounts of tens of thousands of people were breached in what two senior civil ...

HMRC has confirmed that it will begin taking money directly from bank accounts in the government’s latest bid to crackdown on unpaid tax. The tax authority says it is rolling out use of the ‘Direct ...

HMRC has announced it is directly taking money out of bank accounts with more than £5,000 in to recover unpaid debts. The tax office says it is resuming powers which were suspended during the pandemic ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Ecospend will continue to offer its Open Banking solutions to enhance ...

21:43, Sat, Feb 14, 2026 Updated: 21:45, Sat, Feb 14, 2026 People with as little as £3,500 in fixed savings accounts could trigger an unexpected tax bill letter from HM Revenue and Customs (HMRC).

HMRC said in September an estimated 758,000 people had yet to claim a missing £2,200 payment, in the form of lost Child Trust Funds.