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Tax News

Benefits capped for 33,000 households

Almost 33,000 households had their benefits capped by November 2013, new figures reveal.

Government ends 'family tax penalty' for hardworking families

Communities Secretary Eric Pickles hails the introduction of a national Council Tax discount worth £5.3 million for family annexes.

Tax cheats named by HMRC

Names of tax cheats have been published on the HMRC website.

High VAT Rates ‘Restricting International Growth’: E-Commerce Roundtable

An e-commerce roundtable discussion that took place in Brighton recently found that many digitally-based enterprises are reluctant to expand into certain international markets due to a high VAT rate for businesses.

Clampdown on tax avoidance on UK property

Schemes designed to get around the Annual Tax on Enveloped Dwellings will have to be disclosed to HMRC.

Fraud crackdown saves taxpayers £6.5 billion

Measures introduced by this government to cut fraud and error have saved £6.5 billion - nearly £400 for every working family in the country.

Parents on higher incomes reminded to register for Self Assessment

This month, HM Revenue and Customs (HMRC) will be writing to around two million higher rate taxpayers, including those affected by recent changes to Child Benefit.

Campaign offers chance to settle tax bills

Taxpayers who have failed to submit tax returns are being offered the chance to come forward and pay up under a new HMRC campaign.

No safe havens for offshore tax cheats

HM Revenue and Customs (HMRC) has confirmed that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.

Leaving money to charity? Let the taxman help too

With the ever popular Comic Relief seeking to raise another record-breaking total to beat the £102m raised in 2011, it would seem that British enthusiasm for giving has not been dampened by the economic downturn.

Child Benefit reminder for higher income earners

People with an income over £60,000 whose family is still receiving Child Benefit should opt out before 28 March if they wish to avoid filling in a tax return and repaying the benefit for the 2013/14 tax year.

One in three are voting with their wallet following tax revelations

Millions of Britons are using consumer power to boycott companies seen to be avoiding their fair share of UK tax, new research reveals.

Direct sellers have just one week to settle tax bills

People who sell directly to customers and who haven't paid all the tax they owe have one week left to take part in an opportunity offered by HM Revenue & Customs (HMRC) to get their tax affairs in order, on the best terms available.

Don’t get caught on the net by tax rebate phishing scam

Taxpayers reported almost 80,000 tax rebate phishing emails last year, HM Revenue and Customs (HMRC) have revealed, as they warn people not to fall victim to the email scams sent by fraudsters.

The effects of IR35

In the United Kingdom, IR35 is a form of tax legislation that was created to tax workers who try to disguise their employment.