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Tax News

Growing businesses to benefit from expert tax support

A new service to directly help mid-sized businesses as they expand and grow, has been launched today by HM Revenue and Customs (HMRC).

One in three wannabe Chancellors would increase Capital Gains Tax

An online quiz of more than 6,500 people by financial services firm, NFU Mutual, has shown Capital Gains Tax (CGT) to be the most popular tax to hike up.

Tax Rebate: How much am I entitled to?

Have you ever looked at your wage slip and wondered how nice it would be if you didn’t have to fork out all of that tax? Maybe even just for one month?

Families could face Child Benefit tax bill in the thousands

NFU Mutual warns that many higher income families receiving Child Benefits may need to find the extra thousands of pounds needed to pay a lump sum bill from the tax man, if they failed to submit their online tax return before 30th December.

5 tips for a stress free tax period

Every year you can be guaranteed that there will be two stressful, but important events that will be at the front of your mind. One is Christmas and the other is completing your tax return on time.

Offshore tax evaders to face tough new criminal sanctions

Offshore tax evaders and the professionals who enable tax evasion will face even tougher sanctions.

21st-Century Tax Evasion: How cash businesses make transactions disappear

21st-Century Tax Evasion: How cash businesses make transactions disappear

Imagine the ability to collect cash from a cash register transaction and then make the transaction disappear. You’d keep the cash without recording revenue, and you’d slash your sales and excise tax bills.

Women win the battle of the taxes

Women are more likely than men to send in their tax return on time, an HM Revenue and Customs (HMRC) analysis has revealed.

Taxman reveals top 10 terrible tax excuses

Ten of the most terrible excuses for missing the 31 January tax return deadline have been revealed by HM Revenue and Customs (HMRC).

Gone phishing - 75,000 fake tax refund emails reported

HM Revenue and Customs (HMRC) is warning taxpayers to be on their guard against fraudulent phishing emails, after almost 75,000 fake emails were reported to the taxman over the last six months.

Chancellor abolishes 55% tax on pension funds at death

People with defined contribution pension savings will no longer have to worry about their pension savings being taxed at 55% on death.

Families urged to review life insurance

An urgent review of life insurance policies is being called for after the figures from HM Revenue & Customs (HMRC) revealed bereaved families are being hit with unnecessary Inheritance Tax (IHT) bills totalling up to £216 million.

Get your tax up to date during Second Incomes amnesty

Following the launch of HMRC’s latest tax amnesty, a Leicester-based accountant is encouraging those with a second, undeclared income to make contact with HMRC now in order to minimise penalties later on.

UK families get second chance on tax credits thanks to strike action

UK families who have yet to renew their tax credits should make the most of the deadline extension HMRC has given them after the Public and Commercial Services Union announced strike action, says ACCA (the Association of Chartered Certified Accountants).

Families in the UK unaware of tax breaks that could benefit children

UK families could be using simple tax breaks to save for their children in the future, but many parents are not aware of how they could be saving on tax, says ACCA (the Association of Chartered Certified Accountants).