Personal tax

HMRC issues £1.87m in fines for tax mistakes

The number of penalties went up by 80%.

Crypto owners not fully aware of tax liabilities

More than half of investors are unsure of CGT rules.

35% increase in higher rate taxpayers since 2019

1.8 million extra taxpayers pay higher rates of income tax.

Tax gap remains steady at 5.1%

Findings reflect taxes being paid correctly.

Scope of trust registration service extended by HMRC

New legislation aims to provide more transparency.

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