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
Taxation
Taxation is a fast-moving, wide-ranging and common concern for all business people in the UK. We look at the intricacies of taxation for different types of business from sole traders to large organisations. Our blog articles about tax tackle the latest developments in the fields of taxation and tax accountancy with help and advice from our ex-HMRC tax consultants.
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Read our taxation posts below for all the latest about tax in the UK.
Taxation Posts
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
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
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
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.
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 …
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 …