Tax News
UK’s tax waste mountain grows to a record £10 billion
British taxpayers will waste over £10 billion in unnecessary tax in 2009, according to the latest Tax Action report from Unbiased.co.uk, the professional advice website.
HM Revenue & Customs interest rates
Interest rates charged on late payments and paid on overpayments for corporation tax quarterly instalment payments (QIPs) and also early payments of corporation tax not due by instalments have now been cut, HM Revenue & Customs (HMRC) confirm.
£1 billion cashflow boost to business
Over 60,000 businesses have agreed time to pay tax arrangements with HM Revenue & Customs (HMRC) totalling more than one billion pounds.
Two thirds file tax returns online
A record number of taxpayers filed their self assessment tax returns online this year, HM Revenue & Customs (HMRC) revealed today.
Landlords - don't forget your tax return
Paragon Mortgages, the leading specialist provider of residential mortgages to professional and investor landlords, has urged landlords to ensure that they meet the deadline for filing their tax return.
Parents missing out on childcare cash entitlement
As the recession begins to bite, money worries are amongst the biggest concerns for parents across the UK - yet many remain unaware that they could be entitled to thousands of pounds from the Government to help with childcare costs.
Inefficient giving costs charities nearly £1 billion
UK charities missed out on nearly £1 billion in donations last year - £101 million less than the previous year - as a result of tax-inefficient giving by generous donors.
New initiatives to tackle International tax avoidance
The influence of the global economic downturn on the tax avoidance industry was one of the key issues for leaders of the Joint International Tax Shelter Information Centre (JITSIC) in Kyoto.
HM Revenue & Customs interest rates reduction
HM Revenue & Customs (HMRC) announce a cut in the interest rates charged on late payments and paid on overpayments.
Higher rate tax payers unaware of tax relief on charitable donations
As the deadline approaches for self assessment tax returns research commissioned by the Charities Aid Foundation has found that half of all higher rate taxpayers are unaware they can reclaim 20% personal tax relief on their charitable donations in their self assessment tax return.
Tax return deadline just around the corner
The 31 January tax return deadline is just around the corner, so if you haven't sent your return to HMRC yet, you need to act quickly to avoid a £100 penalty.
20,000 businesses helped with time
Over 20,000 businesses have delayed paying more than £350 million of tax after contacting HMRC's Business Payment Support Service (BPSS) in the last six weeks.
Taxpayers hit by huge fines for late self-assessment forms
Taxpayers are set to gift the taxman an unnecessary £479 million this year in fines generated by late returns, miscalculations and surcharges on unpaid tax, according to research by Unbiased.co.uk, the online Find an IFA search.
HMRC warns of danger from scam emails
Fraudsters are targeting taxpayers with thousands of scam emails in the run up to the 31 January Self Assessment tax deadline HM Revenue & Customs said today.
Tax deadline reminder
HM Revenue & Customs (HMRC) is issuing a reminder to anyone filing a Self Assessment tax return - don't forget to submit it online and on time, or you could risk a £100 penalty.