HM Revenue & Customs will be able to deduct up to £17,000 per year of tax debts from high earners' pay packets under powers coming into force this week. The move represents a significant increase on the previous annual tax collection ceiling, which was previously set...
Read MoreFrom 1 October 2014, the paper tax disc will no longer need to be displayed on a vehicle. If you have a tax disc with any months left to run after this date, then it can be removed from the vehicle and destroyed. This includes...
Read MoreBusinesses who make and sell apps or provide digital services to consumers in the European Union will see their paperwork increase in January due to new legislation to counter tax avoidance, experts have warned. Currently VAT on digital services is charged at the national rate where...
Read MoreOver a third of callers to HMRC helplines are waiting 10 or more minutes for their call to be answered, according to the latest HMRC Contact Centres survey report. Overall, the median waiting time is around four minutes. But the number of callers waiting 10 minutes...
Read MoreHMRC has announced that the introduction of automatic penalties for late RTI submissions will be delayed another five months for small employers. Under the revised timetable announced back in February, automatic penalties were due to start from 6 October. This date will still apply for companies...
Read MoreSinger Katie Melua says she was "clueless and inexperienced" when she signed up to a tax avoidance scheme known as Liberty. The star said her financial advisors had suggested she use the tax strategy when she was in her early twenties. She is one of hundreds of...
Read MoreThe Serious Fraud Office (SFO) was fined more than half a million pounds for owing HMRC £4m in VAT. The fraud watchdog used to reclaim VAT on legal fees and some specialist staff. After a new chief financial officer reviewed its VAT policy, the SFO decided to...
Read MoreWith the tax credits renewal deadline of July 31 less than one month away, HM Revenue and Customs (HMRC) has launched a new online service for all claimants to use. Just over 1.5 million claimants still need to renew their claims by the 31 July deadline,...
Read MoreWorkers in the health and wellbeing professions who have taxable income that they have not told HM Revenue and Customs (HMRC) about have one week to come forward and register. The Health and Wellbeing Tax Plan offers health professionals a time-limited chance to bring their tax...
Read MoreThe Bank of England is today announcing that the next £5 and £10 banknotes will be printed on polymer, a thin flexible plastic film, rather than on the cotton paper used for notes currently in issue. The new polymer notes will retain the familiar look of...
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