HMRC acted in an “unconscionable manner” when dealing with a recent late Self Assessment filing penalty, according to Judge Geraint Jones QC.
In the case of Kathleen Lomas v HMRC, Lomas was sent a paper tax return, which she retuned
…
Taxpayers will no longer have underpayments written off for the reason that they had no reasonable way of knowing they had paid too little tax.
Last year 41,766 people had £54 million of underpaid National Insurance and Income Tax written
…
Creative industries are to be given tax reliefs, the Treasury has announced.
It is hoped that this will make the UK more of a competitive location for the production of animation, video games and high budget television shows.
Currently, it
…
HMRC stated today they would vote against the Glasgow Club’s Company Voluntary Arrangement.
Creditors of Rangers are due to meet on Thursday morning to vote on whether to accept an offer from the club to pay off part of their
…
…
Wrong tax – around 5 million people have either paid too much or too little tax, it has been revealed.
Approximately 3.5 million people will be notified they have overpaid their tax, with the average rebate being £379.
On top
…
Tax helpline – around a quarter of all taxpayers calls to HMRC help lines go answered, with no guidelines being in place to advise callers how long they may have to wait.
Exchequer secretary David Gauke said that HMRC did
…
UK Recession has returned after the economy shrunk by 0.2 percent in the first three months of 2012.
The Office for National Statistics (ONS) said the contraction was caused by a sharp fall in construction output.
BBC economics editor Stephanie
…
The surprise increase in inflation last month prompted some speculation that the Bank of England might raise interest rates as a way of curbing inflation.
But the bulk of thought is that there will be insufficient improvement in the UK
…
The degree of tax avoidance by the super rich has been revealed after figures released by the Treasury.
The findings show that nearly 1,000 British taxpayers who earn over £1 million per year are paying less than 30 percent of
…