Tag: HM Revenue and Customs

CloudSecurityTechnology

Global Business Disruption Highlights Cloud Concentration Risks

A major Amazon Web Services outage in Virginia caused significant disruptions to UK firms including Lloyds Bank and HMRC. The incident has sparked discussions about the risks of concentrated cloud infrastructure and global dependency on US tech providers.

Widespread Service Disruption Raises Questions

A recent outage at Amazon’s cloud computing operations in Virginia reportedly caused significant disruptions to UK businesses and government services, including Lloyds Bank and HMRC. The incident has prompted industry analysts to question whether global enterprises have become overly dependent on a small number of US-based technology providers, according to reports.

by Emma Langford
EconomyTrade

Shipping Chaos Hits Consumers as New Tariff Policies Disrupt International Deliveries

American consumers are experiencing shipping chaos as new tariff policies eliminate exemptions for small international shipments. UPS customers report packages held for weeks, surprise bills, and confusing customs requirements disrupting online orders from abroad.

Tariff Changes Create Shipping Headaches

American consumers are facing unprecedented shipping challenges and surprise fees as recent tariff policy changes eliminate exemptions for small international shipments, according to reports. The elimination of the de minimis loophole in August, which previously exempted shipments under $800 from tariffs, has created confusion and delays for customers ordering from abroad, with UPS customers reporting particularly severe disruptions.

by Emma Langford
CryptoPolicy

UK Tax Authority Intensifies Crypto Capital Gains Enforcement Campaign

The UK tax authority has significantly escalated its pursuit of unpaid taxes on cryptocurrency gains, according to recently released data. HMRC reportedly sent 65,000 warning letters to crypto investors in the 2024-25 tax year, more than doubling the previous year’s enforcement activity as regulatory scrutiny intensifies.

HMRC Ramps Up Crypto Tax Compliance Efforts

The UK tax authority has dramatically intensified its campaign to recover unpaid taxes on cryptocurrency investments, according to reports. HM Revenue and Customs reportedly sent 65,000 warning letters to individuals suspected of owing capital gains tax on their digital asset holdings during the 2024-25 tax year, more than double the 27,700 letters sent the previous year.

by Ava Winslow