Tax News
Know your overseas shopping limits this Christmas
If you are going abroad to do Christmas shopping, or buying goods online from non-EU countries, you need to know how much you can buy before you have to pay import duty or VAT.
Revenue targets 6,000 Swiss bank accounts
HM Revenue & Customs (HMRC) will shortly begin writing to UK residents and organisations holding Swiss bank accounts with the HSBC in Geneva who may not have reported all their income and gains to HMRC.
Tax underpayment letters due warns city accountants
Letters will be dropping onto around 1.2 million doormats over the next three months warning people they have underpaid their tax, with the average amount owed expected to be £550.
Penalty warning for paper tax returns
With the 31 October deadline for paper tax returns just weeks away, HM Revenue & Customs (HMRC) is urging you to get your paper tax return in on time, or face a penalty.
Reports to HMRC of fraudulent emails soar
Reports of fraudulent "phishing" emails have risen by 300 per cent over the past year, HM Revenue & Customs has confirmed.
University property - A way to generate returns and save income tax?
As fierce competition for university places in Bristol draws to a close, parents across the country will be considering how they can support their children through university.
Last chance to make tax amnesty payment
Businesses and individuals who earlier this year disclosed past tax arrears as part of a tax amnesty are being reminded by leading East Midlands chartered accountants Newby Castleman that they have until Wednesday 31st August to pay up or face further fines.
Artwork donations likely to get boost from proposed tax benefits
Tax benefits related to donations of pre-eminent works of art and other objects of cultural and social value are in line to increase significantly, as outlined in this year’s Budget.
Tax credit claimants have one week to renew claims
Tax credit claimants are reminded today that they have just over a week to renew their claims before the 31 July deadline.
Tax credit claimants have one month to renew claims
Tax credit claimants are reminded that they have just over one month to renew their claims before the 31 July deadline.
UK pension savers set to gift £795 million to the taxman
Higher rate tax payers in their employer's occupational pension schemes could be missing out on as much as £795 million this year by failing to top up pension funds with additional tax relief added, according to research from unbiased.co.uk.
Don’t get hooked by ‘phishy’ email scam
HM Revenue & Customs (HMRC) is alerting taxpayers to a surge of fake ‘phishing' emails sent out by fraudsters in the run-up to the tax credits renewal deadline.
Game, set and match when you let your spare room
With Wimbledon coming up, ICAEW is encouraging residents to serve their best shot and let out furnished rooms in their home for spectators.
Olympics site contractors reminded of tax rules
Companies working on construction projects for next summer's Olympic Games are warned that HM Revenue & Customs (HMRC) will crack down on tax, National Insurance or national minimum wage breaches.
HMRC launches new task forces to tackle tax dodgers
New task forces to tackle tax dodgers were announced today by HM Revenue & Customs (HMRC).