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Is the tax office approaching meltdown? Recent reports have increasingly highlighted the poor service coming from HM Revenue & Customs. And poor service from the taxman invariably means ordinary taxpayers pay the price. Taxman chasing money from global super stars? The tax office has announced a change to the way sportsmen pay tax that could seriously affect UK sporting events. Tax Office to Target Doctors HMRC has announced a new tax amnesty - this time aimed at health service professionals Will you be worse off thanks to the pre-Budget report? How will you be affected by the changes announced by yesterday? Will Darling bring us gifts aplenty? Wednesday see the pre-budget report. What can we expect from it? Web scammers target tax deadline The first tax return deadline has just passed, and it appears that fraudsters were increasingly using the taxman to harvest gather private information from an unsuspecting public. High Tax Rate May Cause Celeb To Quit UK Tracy Emin has come clean and admitted she is thinking of quitting the UK for tax reasons. The Minister, the Internet and the Sick Squid tax The government appears to have confirmed that there will be a tax imposed on internet usage. UK leads the world for a change - in tax complexity Despite it being a stated aim of the government to simplify the rules, the UK has been revealed to have the longest tax code in the world. HMRC unveils new offshore disclosure initiative HMRC have announced a second amnesty period for individuals to disclose interest and gains from investments that have not previously been declared. Stephen Hawking Labels EU Tax 'Disgraceful' Professor Stephen Hawking has called an EU tax on mobility scooters 'simply disgraceful'. Why MPs have done nothing wrong. Surely MPs have broken the rules and should be hauled over the coals for breaking the rules. Or should they? Should we pay accountants to do tax returns for our MPs? More MPs are defending themselves for claiming tax advice costs. Who is right? Restaurant owners get their just desserts? Bar staff and restaurant workers have been given a hand from an unlikely source. Revenue's antiquarian computer system reaches critical mass It has been reported that by March 2008 over 16 million PAYE cases were awaiting manual review by HMRC staff. The question is: how can this happen in today's technologically advanced world? Can your small business get free money from the government? In a move that shines a light on the massive payouts being made to the ailing banks, HMRC have announced a cash giveaway to employers with less than 50 employees. Is new tax proposal just hot air? Forget flat rate taxes, we may soon have a new flatulence rate tax. New £50 Migrant Tax Confirmed After much speculation, the government has announced a "migrant tax", payable by anyone coming from a non-EU country to the UK to work or study. Costa Lotto? Spanish forced to repay illegal tax as expats win court battle. A British couple are celebrating victory after it was found that capital gains tax charged when selling their Spanish property was over twice the amount paid by Spanish residents. Does it matter if shops are not passing on the lower VAT rate? According to the Sunday Times, many shops failed to pass on the recent VAT cut. How could this affect the success of the rate-cut? Revenue & Customs Launch Video Help For Small Businesses HMRC has created a series of online videos fronted by TV presenter Dan Snow giving guidance to small businesses. Heard about the massive £60 tax giveaway? Forget the energy company's windfall tax - most employed or retired people will have a spectacular windfall of their own at the end of September. Well, not so much spectacular as "fairly small". 9m will be hit by car tax hike The government is set on pushing through changes to the way car tax is worked out, and it could mean 9 million motorists will see a rise to as much as £455 per year. Taxman triumphs in tips tax tussle Waiters and bar staff across the country will welcome an employment appeal tribunal ruling that means tips will no longer count towards the minimum wage. This should help some of the poorest earners in the country. New tax rip off? The government is proposing new rules which may cut the amount of overpaid tax you can claim back by a third. Tax freedom day If you had to pay all of your tax at once, how long would it take you? How much of the year would you spend working for the government before you get to keep any money yourself? How did we end up paying so much tax on fuel? The chancellor, Alistair Darling, has announced that the proposed increase of 2p per litre from October 1 is likely to be postponed. Truckers are staging a mass demonstration, claiming the soaring cost of fuel is threatening their livelihood. Is this Darling’s last tax fiasco? Chancellor Alastair Darling has announced a £600 increase in the Personal Tax Allowance as a measure to offset the effects of removing the 10p tax rate. Top ten tax evaders Q: What links Luciano Pavarotti, Al Capone, Boris Becker and Lester Piggott - and now Wesley Snipes - but not the Queen, Fabio Capello, Don King or Steffi Graf? Compensation Measures Announced in 10% Tax Argument The government has performed another policy U-turn, announcing that measures would be introduced to compensate those on lower incomes who are adversely affected by the abolition of the 10% tax rate. Why the “10p Tax” matters. With an argument raging in the Commons about the abolition of the 10% tax rate like a family feud, exactly what is the debate about? How does the removal of the 10p tax affect taxpayers? Who wins? More importantly, who loses? Another Government Own Goal? In a blow to the government’s aim of promoting the UK as a world class host for sporting events, UEFA has chosen to stage the 2010 Champions League at the Bernebeu, Madrid. If it ain’t broke, don’t fix it Last year, hundreds of thousands of individuals left it to the last minute before sending their returns in. There were so many who decided to use the Revenue’s excellent online filing system that it crashed. The Revenue have tried to fix it. Tax Return Deadline Change Adam Hart-Davis is going to need a new advert. Or the Revenue is going to need a new spokesperson. From this year, the September deadline that we are assured is not taxing will no longer exist. Instead, we will have until October 31 to send in our returns Revenue Denies Landlords’ Tax Crack Down HM Revenue and Customs has been forced to issue a statement denying that there is to be a clamp down on Landlords who do not declare income from letting properties. HMRC Tax Credit Blunders Cost Billions Mistakes in the tax credit system have cost billions and forced up to two million families into debt, according to a new report from the Commons public accounts committee. Tax Office to Reduce Fines Following the crash of its online Self Assessment filing system last week, HM Revenue and Customs has generously conceded that it will rescind the £100 late filing penalty for those affected. Chancellor Backs Down on Tax Reform In an embarrassing turnaround chancellor Alistair Darling has reversed his position on capital gains tax reforms. Going against proposals made in his first Budget, he confirmed there would be an “entrepreneurs’ relief” available to owners or inves File your Tax Return by 31 January or Pay the Penalty Figures released by HM Revenue and Customs seem to show that people are still waiting until the last minute to send in their returns, although many are taking advantage of Online Filing. Taxman To Go On Strike? If you are one of the estimated two million taxpayers who will be submitting a Self Assessment Tax Return just before the January 31 deadline, you may be in for a shock to find Revenue staff are not on hand to accept it. “Dithering” Darling Delivers Perplexing Present Yesterday, Chancellor Darling reneged on his undertaking to sort out the CGT reform fiasco, leaving an uncertain Christmas for many. Is Our Darling For Turning? Following his proposed Capital Gains Tax reforms approbation was laid, some feel rightly, at the Chancellor’s feet. Has he now cracked? Will he be an iron chancellor, or is he already showing himself to be made more of putty? HMRC Chief Resigns After Security Breach Paul Gray, Chairman of HM Revenue and Customs is to stand down after the bank records of potentially millions of taxpayers are believed to have been subject to a major breach of security. Revenue errors could cost Government millions after builder wins fight to sue Serious errors in the handling of builder Neil Martin’s tax affairs by HM Revenue and Customs lost him up to £500,000, taking him almost to the brink of bankruptcy. The appeal court has upheld his right to sue HMRC for their mistakes. Has the Chancellor gone a tax increase too far? As is usual, the Chancellor's recent pre-budget report contained a number of contentious announcements. Not least of these were his comments regarding Capital Gains Tax. CGT is at present a complex system and his plan is for a radical simplification of it Revenue Defeated in Husband-Wife House of Lords Tax Case Geoff and Diana Jones, a husband and wife in business were facing a tax bill up to £50,000 had they lost their case against HMRC. It would also prevented the possibility of retrospective tax bills for thousands of family businesses. September Tax Deadline Misleads Many Are you filling in a self-assessment tax return and worrying about the 30 September deadline? Along with many of Britain's taxpayers you could save unnecessary worry by ignoring it. Limited Company Service TWD Accountants, the tax and accountancy specialist for the small business, can now provide a fixed fee accountancy service for the small, owner-managed Limited company. An Accountant For Life A survey has shown that the average owner-managed business is more likely to divorce their spouse than their accountant. Filing by Internet It is intended that from 2008 the filing deadline for Self Assessment tax returns will be shortened. Tax Help for Older People Pilot scheme introduced to assist older people with tax matters. |
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Is the tax office approaching meltdown?
Recent reports have increasingly highlighted the poor service coming from HM Revenue & Customs. And poor service from the taxman invariably means ordinary taxpayers pay the price.
Recent reports have increasingly highlighted the poor service coming from HM Revenue & Customs. And poor service from the taxman invariably means ordinary taxpayers pay the price.
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