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HMRC star Moira in tax furore
The BBC newsreader, Moria Stuart who fronts the Self Assessment advertising campaign with the catchphrase "tax doesn't have to be taxing", has attracted media attention for channelling her fees through a personal services company.
posted on: 22/02/2012 | read more
Tax code check is worthwhile
Although many individuals assume that their tax code is correct, it is worth taking the time to make a few basic checks, since mistakes can occur. By taking a few minutes to check your code, you may be able to identify problems early on and prevent paying more than you owe.
posted on: 22/02/2012 | read more
HMRC launches contractual disclosure facility
Under a new arrangement by HM Revenue and Customs, taxpayers who are not under investigation but want to admit to tax fraud can come clean in exchange for not being criminally investigated.
posted on: 22/02/2012 | read more
Childcare loans plan could boost tax revenue
A cross party think tank has proposed that parents be helped to pay for childcare by borrowing up to £10,000 from the Government, repayable through the tax system.
posted on: 22/02/2012 | read more
850,000 Tax Return penalty notices are issued
HM revenue & Customs have today issued 850,000 tax return penalty notices to taxpayers because of late submission of 2010/11 Self Assessment Tax Returns.
posted on: 21/02/2012 | read more
HMRC amnesty for electricians
Under a new HMRC (HM Revenue & Customs) amnesty, tax-dodging electricians are being given the chance to pay what they owe and escape with a reduced fine of 10% of their unpaid bill.
posted on: 17/02/2012 | read more
Growing trend of high-level tax avoidance
The case of a civil servant earning £140,000 but paying only 21% tax has highlighted the growing trend of high-level tax avoidance in the UK.
posted on: 17/02/2012 | read more
The cost of living longer
The Office of National Statistics has announced a sharp increase in life expectancy, which could put further pressures on annuity rates and company pension schemes. So, even though more of the population is likely to live into their nineties, it could come at a price.
posted on: 17/02/2012 | read more
HMRC targets Building Trades
HMRC has announced new plans to investigate roofers, brick-layers, carpenters and other self-employed tradesmen who do not file their tax returns but are liable to pay tax at the highest rate.
posted on: 10/02/2012 | read more
HM Revenue & Customs reports record submission for on-time tax returns
HM Revenue & Customs has revealed that a record total of 9.45 million Self Assessment tax returns were filed on time this year, of which a record 80% (7.65million) were filed online. This means that 90.4% of taxpayers met the deadline and is the highest on-time filing result since HMRC was created.
posted on: 08/02/2012 | read more
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