Search Results for: HMRC
HMRC still failing UK taxpayers, say MPs
November 4th, 2015
HM Revenue and Customs (HMRC) is “still failing UK taxpayers”, a group of MPs has said. It accused HMRC of only answering half the phone calls to its customer care centre, and failing to carry out enough prosecutions. Members ...
HMRC updates PAYE late payment and penalties guidance
October 20th, 2015
HMRC has update the guidance on what payroll information to report to HMRC in the Full Payment Submission (FPS) and Employer Payment Summary (EPS) for PAYE payments, which include changes to late reporting guidance The guidance states that a ...
HMRC takes next step towards creating a digital future for taxpayers
August 6th, 2015
HM Revenue and Customs (HMRC) today announced that it will bring some existing IT services under its direct control, while it continues to plan the transition to a new IT delivery model following the ending of the Aspire contract ...
HMRC debt recovery powers to raid bank accounts ride roughshod over Magna Carta principles
July 17th, 2015
Buried in the hefty tome presented to the House of Commons at the Budget last week were these 36 words: “Direct recovery of debts – This government will introduce legislation to modernise and strengthen HMRC’s powers to recover tax ...
HMRC issues almost £100m in tax return penalties
March 11th, 2015
Tax payers could find themselves with a daily penalty increase if they continue to fail to submit their return HMRC has issued 890,000 people with a £100 penalty fine for failing to complete their tax returns by the 31 ...
HMRC confirms HSBC Suisse bank data can now be shared
February 26th, 2015
HMRC‘s Chief Executive, Lin Homer, today announced in a Treasury Select Committee hearing that the French authorities have formally agreed that HMRC can share stolen HSBC Suisse customer account data with other law enforcement agencies and regulators, for the ...
HMRC: “transitional period” for businesses affected by new EU VAT laws
January 7th, 2015
HMRC has announced that there will be a “transitional period” for small businesses affected by new VAT rules. The new Europe wide legislation, which came into force on 1 January 2015, affects businesses that sell digital services, such as ...
HMRC letters warning of £1m fines hit tax firms
November 12th, 2014
The first batch of avoidance experts who could be both publicly denounced by HM Revenue & Customs and forced to reveal their clients’ names has been written to by the tax department. The advisers, who HMRC regards as potentially ...
HMRC recovers record £3.65bn in unpaid taxes
November 10th, 2014
A record amount of unpaid tax has been recovered from avoidance schemes, evasion and fraud by HMRC’s top team of specialist investigators – up by almost a quarter in the past year, says Pinsent Masons, the international law firm. ...
HMRC: 10 tax avoidance danger signs
November 10th, 2014
HM Revenue and Customs (HMRC) has alerted people to the tricks employed by tax avoidance scheme promoters. The note sets out the risks people face when they sign up to tax avoidance schemes with these including not only the ...
