Tax
Many businesses still failing to make the most of troncs
"Don’t relax just yet," comes the warning to restaurants, pubs and hotels from Peter Davies of Vantis Tax as for the first time in three years, Her Majesty’s Revenue & Customs (HMRC) fails to issue a new interpretation regarding tips and troncs.
Arctic Systems - victory to the taxpayer
At last a victory for the taxpayer against Her Majesty’s Revenue and Customs (HMRC).
Time to start inheritance tax planning
UK house price inflation and increasing personal wealth are sucking more and more estates into the inheritance tax (IHT) net, warns financial research company Defaqto.
Yorkshire Building Society urges people to keep it in the family
Yorkshire Building Society has launched a campaign to raise awareness of how ordinary people are getting caught by a tax that was once considered the tax of the rich – Inheritance Tax (IHT).
Tax regime confuses financially literate entrepreneurs
One third (32%) of Britain's small business owners do not know what they will be paying in corporation tax this year, according to research by Bank of Scotland Business Banking.
HM Revenue & Customs interest rates
New rates of interest on direct and indirect taxes and national insurance contributions paid late and overpaid are announced today.
Tax help for those affected by foot and mouth outbreak
HMRC appreciates that some individuals and businesses will find it difficult to meet their tax obligations to us due to the recent foot and mouth outbreak. HMRC will:
Standard Life launches Estate Planning Solutions Pack
Standard Life is launching a new information pack aimed at demystifying estate planning for financial advisers and their clients.
Tax helpline for people affected by flooding
HMRC has set up a new Helpline for anyone affected by the recent floods.
Pick up a free Inheritance Tax guide
With Inheritance Tax affecting more and more of the population, Bradford & Bingley believes UK homeowners should consider planning what will happen with their estate.
Tax help for those affected by floods
The Chancellor of the Exchequer, Alistair Darling, today announced that HM Revenue and Customs (HMRC) will introduce a series of measures for individuals and businesses affected by the recent severe flooding.
HMRC Standard Report and Accounts 2006-07
HM Revenue & Customs (HMRC) Chairman Paul Gray said today's NAO report into HMRC's accounts shows that the Department is getting it right in many ways.
Proposed tax reforms
Graeme Robb of James Hay’s Technical Unit comments on the proposed tax breaks announced by the Conservative Party: “The tax system in some respects already rewards marriage, and more recently civil partnerships.
Lloyds TSB to make tax returns less taxing
Lloyds TSB has launched a new service designed to take the hassle out of completing tax returns. The comprehensive service which is available online, over the phone and by mail includes a review of a customer’s individual tax position and preparation of annual tax returns.
Accuracy in processing Income Tax
Income tax is processed accurately in the majority of cases by HM Revenue & Customs, but errors in processing lead to the wrong amount of tax being paid by around 1 million taxpayers, the NAO says today.