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
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 – £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, 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 …
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 …
HMRC records checks are to continue with their controversial business records checks (BRCs) after admitting they were reviewing the scheme following criticism that small companies were being unfairly targeted.
An HMRC statement said it will “examine whether the current approach …
The HMRC Public Accounts Committee has been attacked by a committee of MPs for the way they have allowed some big businesses to settle their tax bills.
The Public Accounts Committee aired “serious concerns” about how some large settlements had …
Bank reforms are to go ahead to prevent banks being bailed out in the future by the public purse.
George Osborne and Vince Cable will push ahead with the plans to separate high street lenders from “casino” investment banking.
Cable, …
Inflation fell in November partly due to supermarket price wars and a strong harvest, keeping food and petrol prices in check.
The Office for National Statistics (ONS) revealed that the consumer prices index fell to 4.8 percent in November, down …
New figures released today by the British Retail Consortium (MRC) have seen the poorest sales performance since May and 1.6 percent lower than the same month last year.
The BRC said that mild weather had hit winter clothing sales whilst …