RSS Feed

Tax News

Unclaimed income-related tax credits amount to £7.3bn's latest Tax Action Report reveals that unclaimed income-related tax credits are by far the largest area of unused tax allowances, resulting in £7.3 billion remaining unclaimed through people failing to make use of their child tax credits, working tax credits and pension credits.

Tax Return Initiative offers chance to settle tax bills

Higher rate taxpayers who have failed to submit tax returns are being offered the opportunity to come forward and pay up under a time-limited HM Revenue & Customs (HMRC) campaign.

Six taskforces to tackle tax dodgers launched

Six new taskforces launched this week by HM Revenue & Customs (HMRC) are expected to recover more than £23m from tax dodgers.

New tax helpline and services for the bereaved

People who have suffered bereavement and who need to contact HM Revenue and Customs (HMRC) will now find improved and streamlined processes from this month.

Tax credit claimants warned to beware of email scams

A warning has been issued by HM Revenue & Customs (HMRC) about possible fake or "phishing" emails sent out by fraudsters.

Tax refunds come early this year

Around three million taxpayers will start to receive tax refunds from next week, two months earlier than last year, HM Revenue & Customs (HMRC) confirmed today.

Tax credit claimants need to renew - or payments may stop

Tax credit customers are being reminded by HM Revenue & Customs (HMRC) that they must renew claims by the 31 July deadline - or their payments may stop.

Countdown on for e-Bayers to come clean

There are just two months left of a three month amnesty for those who make money through online auction sites to come clean.

Online sellers offered Twitter tax Q&A

People trading on the internet who haven't paid all the tax they owe are being invited to take part in an online Twitter question and answer session by HM Revenue & Customs (HMRC).

Online sellers offered chance to settle tax bills

People trading on the internet who haven't paid all the tax they owe have been offered the opportunity to come forward and pay up under an HM Revenue & Customs (HMRC) campaign.

Cyber crime team to tackle organised tax fraud

A new cyber crime team to tackle tax fraud by organised criminals more proactively was launched today by HM Revenue and Customs (HMRC).

Mums call for family friendly tax breaks

Ahead of the Chancellor's Budget next Wednesday, the second UK Mums' Budget from Family Investments reveals that family friendly tax breaks are top of mums' agendas as they face an extra £7bn on everyday essential costs in 2012.

Don’t throw away thousands of pounds of interest to the tax man

Savers who have used their full cash ISA allowance every year since their introduction in 1999 would be £3,800 richer than if they had just put the same amount away in an easy access savings account, according to analysis by

Tax returns the key to tax savings

With the deadline for filing online tax returns fast approaching, including the correct information on a tax return and making the most of current legislation could be the key to big savings this tax year, according to pension and investments provider, NFU Mutual.

HMRC launches new offshore unit

A new specialist unit targeting offshore tax cheats has been launched by HM Revenue & Customs (HMRC).