Tax Revenue from Savings Triples, Reaching £3.4 Billion
Rising interest rates and a frozen personal savings allowance contribute to a significant surge in tax charges on savings, prompting calls for ending the allowance freeze to alleviate the burden on responsible savers.
HMRC Plans 30% Reduction in Phone Line Access
HMRC's strategy to decrease phone-based assistance by 30% within two years aims to adapt to growing demand and resource constraints, promoting online services for more efficient and specialised taxpayer support.
£3.6m Company Car Tax Appeal Won Against HMRC
The article highlights a recent Upper Tribunal judgment favoring construction companies, Laing O’Rourke Services Limited and Willmott Dixon Holdings Limited, in a dispute over National Insurance Contributions (NICs) repayment for specific car allowances. Laing's appeal was allowed, HMRC's was dismissed,...
Brace Yourself for HMRC’s New Interest Rates – Highest Since 2001
This article discusses the recent increase in late payment and repayment interest rates to 7.5% and 4%, respectively, following the Bank of England's base rate rise to 5%, with implications for various tax bills and the likelihood of further adjustments...
Service Charge Shock: Leaseholders Stunned by Massive Payment Demands
This article discusses the 8% surge in the average annual service charge, reaching £7.6 billion annually for 5.4 million flat owners in England and Wales, with considerations for variations in charges based on property size and location, and the potential...
£50K Bounce Back Fraud Leaves Two Directors Banned For Years
This article discusses the legal consequences faced by Azmi Shafi Ahmed and George Pinnegar for their involvement in a £50,000 bounce-back loan fraud, resulting in disqualifications from company management.
New Era of UK Rentals with the HMRC Landlord Database: Renters’ Reform Bill
This article covers the Renters (Reform) Bill, introducing the HMRC Landlord Database. It mandates residential landlords to register, pay a fee, and obtain unique identifiers, enhancing transparency and tax enforcement.
UK Residents Named In Pandora Papers May Face Penalties Of Up To 200%
In this article, we will discuss HMRC's warning to individuals implicated in the Pandora Papers, emphasising the risk of severe penalties, including fines up to 200% of owed tax and potential prosecution. The article will also highlight HMRC's encouragement for...
HMRC Helpline Closure | A Challenge for Taxpayers
In this article, we delve into HM Revenue & Customs' three-month suspension of the self-assessment helpline, coinciding with reduced office staff in the summer. This decision has sparked concerns about the tax office's capacity to handle increasing demands, potentially affecting...
By using this website, you agree to our use of cookies to enhance your experience.
For more information, please see our Cookie Policy.
Close