Tax News
Warning for offshore tax dodgers in HMRC podcast
Anyone with undeclared offshore tax liabilities who fails to come forward under the New Disclosure Opportunity (NDO) faces an increased risk of prosecution, HMRC's Permanent Secretary for Tax, Dave Hartnett, warns in a new podcast launched today.
Seven arrests in carbon credit investigation
HM Revenue & Customs (HMRC) officers investigating a £38 million suspected VAT fraud swooped in early morning raids today.
Banks to disclose all offshore account information to HMRC
The Tax Chamber of the First-tier Tribunal have today ordered over 300 banks to give details to HM Revenue & Customs (HMRC) about their customers who hold offshore accounts.
Workers miss out on tax breaks
UK employees will miss out on a staggering £171 million of tax breaks this year, by failing to utilise the most tax-efficient employee share schemes, reveals Unbiased.co.uk, the professional advice website.
Offshore disclosure initiative launch
HM Revenue & Customs (HMRC) has confirmed the details of a new disclosure initiative that will allow people with unpaid taxes linked to offshore accounts or assets to settle their tax liabilities at a favourable penalty rate.
Help with tax credit overpayments
A new guide written for the man or woman in the street aimed at enabling them to challenge tax credit overpayments is published today.
HMRC warns of ‘real risk’ from scam emails
Criminal gangs are targeting taxpayers with thousands of scam emails offering bogus tax refunds. The online attacks, known as ‘phishing', have peaked during July leading to increased reports of fraud to HM Revenue & Customs (HMRC).
Brits failing to claim tax credits
Failure to claim all available tax credits will cost UK taxpayers over £4.2 billion in 2009/2010, according to research by Unbiased.co.uk, the professional advice website. Both pension and child tax credits are seeing millions fail to claim their allowances, resulting in huge overpayments.
Final reminder on tax credit renewals
With the 31 July deadline for renewing tax credits claims only a few days away, HM Revenue & Customs (HMRC) has issued a final reminder - fail to renew and your payments will stop.
July tax credit reminder
Families and individuals currently receiving tax credits are being reminded that they need to renew their claims by 31 July - otherwise their payments could stop.
Mums urged - renew your tax credits now
Mums currently receiving tax credits are being urged to renew their claim by 31 July, otherwise their payments could stop.
It's tax credit renewal time
HM Revenue & Customs (HMRC) has issued an important reminder to tax credits claimants - make sure you renew your claim by 31 July, otherwise your payments could stop.
Tax freedom day falls on 14 May this year
With only 16% of British adults feeling their tax burden is fair, taxpayers can this week raise a bittersweet toast to Tax Freedom Day, the notional point in the calendar year when we stop working for the taxman and start working for ourselves.
Council tax tops table of most hated taxes
Brits resent having to pay council tax as one of their three most resented taxes in 2009, according to new research by Unbiased.co.uk, the professional advice website.
Brits bemoan ‘rising' tax burden but take no action to lighten the load
Ahead of this year's Budget, research from Unbiased.co.uk, the professional advice website, reveals that just 16% of UK adults feel their tax burden is "fair", but four out of five (81%) admit they have done nothing to reduce the amount of tax they pay this year.