Bristol and West, owned by the Bank of Ireland, has lost an attempt at Tax Tribunal to avoid paying around £30 million tax on a £91 million gain. The company transferred a swap contract to another Bank of Ireland subsidiary in a flawed attempt to exploit what it thought was a loophole in the tax rules.
A specialist unit dealing with the country’s wealthiest taxpayers brought in a record £220 million of extra tax last year, HM Revenue and Customs (HMRC) revealed today.
Tax Credit customers are being reminded by HM Revenue & Customs (HMRC) that they must renew claims by 31 July – or their payments might stop.
If you haven’t sent in your 2011/12 tax return online, be warned – you’ll be hit with more penalties from next month if you still haven’t filed.
A new online system to stop criminals evading VAT on road vehicles they bring into the UK has been launched today by HM Revenue & Customs (HMRC).
Tax cheats who have been hiding investments and assets in the Isle of Man, Guernsey or Jersey to evade tax are being asked to pay the tax they owe before HM Revenue and Customs (HMRC) clamps down on them.
Over 70,000 Pay As You Earn (PAYE) returns have been submitted using Real Time Information (RTI) since 6 April.
HM Revenue and Customs (HMRC) has launched a new raft of free online webinars giving tax help.
HM Revenue and Customs (HMRC) is offering self-employed childminders free online webinars giving tax help.
Two telecommunication companies have been ordered to pay wage arrears of almost £100,000 to 197 of their call centre telesales workers.
The biggest shake up of the Pay As You Earn (PAYE) system in nearly 70 years - Real Time Information - starts from 6 April, HM Revenue and Customs (HMRC) reminded employers today.
FTSE 100 company Land Securities has lost a court battle with HM Revenue and Customs (HMRC) that could have cost the UK at least £60 million.
