HMRC Crack Down On VAT Car Crime
HMRC has launched a new online system to tackle criminals who evade VAT on road vehicles they bring into the UK. Why does HMRC need a new online system? The new system will allow the [...]
April 2013
HMRC Warns Landlords
HMRC are targeting landlords who are not declaring their rental income. The amount you earn from leasing property must be included in your overall income. This includes entire houses, flats and holiday lets. You must [...]
Mummy Tax
Labour criticise ‘mummy tax’ Labour MPs have warned that more than a million people, including working women, will be affected by a new tax being introduced. More than a million people are going to be [...]
Council Tax Rise Affects Poorest Households
Poorest households affected by council tax rise An anti-poverty think tank has told that it is the poorest households who have to pay more council tax now that the benefit changes have come into force. [...]
2013 Budget Changes To Encourage Investors
Some of last month’s Budget announcements were more welcome than others. Of those changes that could be classed as positive, many are designed to encourage investors. These changes include; a consultation on the merging of [...]
PAYE shake up has begun
The biggest change the Pay As You Earn (PAYE) system has ever seen since it began- Real Time Information – was introduced recently. From now on employers are required to move to a new way [...]
HMRC helplines to be made cheaper
Currently taxpayers, who ring HMRC helplines for advice regarding their tax affairs, have no choice but to use expensive 0845 numbers. Phone calls to these numbers often result in high phone bills, particularly for those [...]
Despite recession ‘Middle Britain’ is wealthier than ever
Recent figures have suggested that the ‘middle fifth’ of households in the UK pay less tax, own more properties and are wealthier than they were 35 years ago. The Office of National Statistics found that [...]
Sugary Drinks Tax
Will taxing sugary soft drinks curb childhood obesity? Health experts are suggesting that a 7p-a-can ‘fat tax’ on sugary soft drinks should be introduced to try and tackle the rising rates of childhood obesity. Experts [...]
US investment bank Morgan Stanley lose HMRC court battle
HMRC have won in a court case regarding a tax avoidance scheme involving US investment bank Morgan Stanley and FTSE 100 company Land Securities. HMRC’s victory will save the UK at least £60 million. Under [...]