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Tax News

People urged to beware of scam HMRC emails

A rash of scam emails, appearing to have been sent by the tax office, have sparked a warning from Peterborough accountants Rawlinsons.

Government to clamp down on tobacco smuggling

Tough new plans to tackle the illicit tobacco trade have been published by HM Revenue & Customs (HMRC).

Tax credit claimants reminded to renew

Tax credit claimants have been reminded by HM Revenue & Customs (HMRC) to renew claims by the 31 July deadline or their payments may stop.

Spring PAYE alert for employers

HM Revenue & Customs (HMRC) has issued an alert to employers about key PAYE changes coming in this spring.

File your tax return on time and avoid the new penalties

Most people file their tax return on time. Make sure you are one of them by filing your 2010/11 Self Assessment Return on time to avoid the new penalties, HM Revenue & Customs (HMRC) said today.

Final warning to offshore tax dodgers

HM Revenue & Customs (HMRC) reminded tax evaders hiding money offshore that from 6 April 2011 they could face new penalties of up to 200 per cent.

Brits in the dark about tax allowances

As the end of the tax year approaches, new research from HSBC reveals that more than eight in ten Britons are unaware of the changes that come into effect on 6th April and the majority do not know the tax-free allowances currently available to them on both their incomes and savings.

Keep your details up-to-date with HMRC’s free electronic service

You can let HM Revenue & Customs (HMRC) know changes to your circumstances any time of the day or night, 365 days a year, with its free and secure electronic change of circumstances service.

UK tax payers urged to take advantage of stocks and shares ISAs

Savings and investment specialist Fair Investment Company is urging the 90 per cent of taxpayers who don't already make the most of their full £10,200 tax-efficient ISA allowance to do so before it's too late.

Self-employed tax credit cheats targeted

HM Revenue & Customs (HMRC) has launched a campaign to target and crack down on suspected fraudulent tax credit claims from the self-employed.

Brits gifting thousands of pounds of interest to the taxman

Savers who have taken advantage of their full cash ISA allowance each year since they were introduced in 1999 would be over £3,300 richer than if they had invested an equivalent sum in an easy access savings account, according to analysis by moneysupermarket.com.

HMRC warns against ‘phishy' email scam

HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following a surge of fake ‘phishing' emails sent out by fraudsters, following the 31 January Self Assessment tax return filing deadline.

Record 6.9 million file their tax returns online

Record numbers of people sent their Self Assessment tax returns online this year, HM Revenue & Customs (HMRC) has revealed.

Offshore tax dodgers run out of time

From 6 April 2011 penalties for offshore non-compliance - for income tax and capital gains tax - will be linked to the tax transparency of the country involved. There will be increased penalties in place for under-declared income and gains from territories which do not automatically share tax information with the UK.

Reap the benefits of tax-free saving with Skipton’s new ISA range

Skipton Building Society has launched a competitive suite of ISA accounts aimed at encouraging people to make more of their tax free savings allowance.