Tax News

Commenting on today's publication of official data on tax credits overpayments and underpayments, Child Poverty Action Group's Chief Executive, Kate Green, said: "It is vital that families are paid the right amount at the right time.

HM Revenue & Customs (HMRC) has redesigned its R40 'Tax Repayment Form' to make it easier for customers to understand and complete.

More businesses across the UK can, from this month, benefit from easier ways to deal with VAT, following changes to one of the schemes aimed at helping small and medium-sized firms to better manage their cashflow.

Employers who haven't yet filed their 2006-07 Annual Return need to do so by 19 May.

Katie Lane, Policy officer, Citizens Advice: "Thousands of families are still being let down by the tax credit system and urgent change is needed to help those experiencing huge problems.

Commenting on the report published today by the Public Accounts Committee on Tax Credits, Child Poverty Action Group's Chief Executive, Kate Green, said: "The great success of tax credits has been the role they have played in lifting 600,000 children out of poverty. But their administration still needs significant improvement as errors and overpayment recoveries have caused hardship to thousands of families.

Stamp duty on share transactions is damaging the economy, eroding pensions and savings and hitting investment according to new Oxera research.

The time's fast approaching for employers to file their end-of-year returns with HM Revenue & Customs (HMRC), and the UK's more than 1.7 million employers can now turn to their iPods to cope.

Hundreds of thousands of people continue to suffer hardship because overpayments of tax credits are clawed back.

Gordon Brown’s Budget - almost certain to be his last - was widely trailed as likely to include sweeping changes to many areas of UK taxation.