New Tax Year to Herald a Number of Changes
New tax year – The beginning of the new tax year tomorrow will see significant changes to both tax and benefits in time in time for the beginning of the 2012/13 tax year.
One of the main changes will be
…
Author Archive for: Ricky
Entries by Ricky Steedman
UK Employment Prospects Given Boost
UK employment – The British job market has received a boost after a survey suggested that more firms were looking to hire people than let them go.
Recruitment firm Manpower, who conducted the research, said the survey’s findings showed that
…
Advisors Favour General Tax Amnesty
Tax Amnesty – Advisors Favour General Tax Amnesty. A survey of nearly 100 accountancy firms has discovered that almost 80 percent of tax advisors favour a general disclosure facility for people to declare unpaid tax from the past.
HMRC has
…
Chancellor Urged to Scrap Tax on State Pensions
Tax on State Pensions – More than five million retired people could save up to £1000 per year if Chancellor George Osborne takes the advice of the Office for Tax Simplification (OTS) and scraps income tax on state pensions.
The
…
HMRC Settlements to Become More Transparent
HMRC settlements – In the midst of public feeling that HMRC has had too cosy a relationship with large companies in relation to their tax settlements, new rules will be implemented in an attempt to make their dealings more transparent.
…
New Tax Penalties Come in to Force
Tax penalties – A new fining regime, charging up to £1,600 for late filing, will be implemented by HMRC on Friday 17, 2012.
As from previous years, the penalty for missing the Self Assessment deadline is £100. Now though, there
…
Tax Crackdown – Tax Office Targets Builders
Builders involved in home improvement are the latest sector of workers to be targeted by HMRC in their tax crackdown campaigns.
Previous campaigns have targeted person coaches, doctors and plumbers.
The campaigns aim to motivate people to own up about
…
Written off Tax – Treasury Unaware of Written off Tax
Written off tax – £10.9 billion of unpaid tax was written off in 2009/2010 by HMRC, without the Treasury being aware this was the case until now.
The loss of revenue has been caused by cutting criminal negligence claims.
The …
Tax Return Deadline Extended By Two Days
Tax return deadline, Edinburgh, January. Strike action at HMRC’s call centre on 31 January has prompted the tax authorities to effectively extend the Self Assessment deadline until midnight Thursday 2 February.
A statement on HMRC’s website said: “To make sure …
Ricky Steedman Involved in Debate Over Committee’s HMRC Report with Rt Hon Margaret Hodge MP
Public accounting, Edinburgh, mid January. Ricky Steedman was contacted by the Rt Hon Margaret Hodge MP to express her gratitude for his involvement in the debate over the Committee’s Public Accounts HMRC Report which has been looking into concerns over …