Government figures have revealed that the 50p top rate of tax could gain the treasury an additional £12.6 billion in tax take over the next five years.
This will put pressure on the Chancellor George Osborne not to scrap the …
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
Half a million people have not been sent tax reminders due to HMRC running out of paper. This follows the failure to deliver self-assessment statements to another half a million in 2008 and the PAYE disaster last year which saw …
Tax Office Gaffes
The Treasury Select Committee has held Her Majesty’s Revenue and Customs (HMRC) responsible for intolerable deficiencies in fundamental services in a scathing report. The document highlights the fact that members of the public could lose all faith …
Public sector workers will have to work longer and pay more into their pension funds if they want to continue to receive better pensions than those in the private sector, the chief secretary to the Treasury, Danny Alexander has said.…
HMRC staff are going on a strike this week as a protest against policy on sick pay.
The PCS union is calling on its 50,000 members to walkout at 16:00 on June 7, with members to come in to work …
Up to £16 billion of unpaid tax has been missed by the Treasury according to a new in depth report. More than half a million companies disappeared last year without paying any tax and in most cases not filing accounting.…
Offshore Bank Account Tax Disclosure is commonly understood to be a grey area in HMRC’s handling of people with offshore bank accounting. In 2007 the government won an appeal from Barclay’s Bank to stop HMRC accessing customer’s accounting. Many who …
The biggest government financial surplus for more than 2 years has been recorded as healthy income tax receipts last month swelled the treasury’s coffers.
The figures were better than the City had predicted and put the government on course to …
As the government presses ahead with its deficit reduction strategy, Prime Minister David Cameron has ruled out significant tax cuts.
He said that he wanted to offer people relief but said it would only be possible “at the end of …
Nearly a million people face soaring rates of tax as the government’s deficit reduction plan continues this spring.
James Brownie of the IFS warns that the number of high earners could continue to grow as a result of the Conservative’s …