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  • Bristol and West loses Corporation Tax avoidance case

    Bristol and West loses Corporation Tax avoidance case

    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.

  • Record £220m haul from wealthy taxpayers

    Record £220m haul from wealthy taxpayers

    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.

  • Renew early, Tax Credit claimants told

    Renew early, Tax Credit claimants told

    Tax Credit customers are being reminded by HM Revenue & Customs (HMRC) that they must renew claims by 31 July – or their payments might stop.

  • May Day alert for late tax returns

    May Day alert for late tax returns

    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.

  • New checks to tackle VAT car crime

    New checks to tackle VAT car crime

    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).

  • Island tax evaders told to come clean

    Island tax evaders told to come clean

    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.

  • RTI lifts off

    RTI lifts off

    Over 70,000 Pay As You Earn (PAYE) returns have been submitted using Real Time Information (RTI) since 6 April.

  • Shake up of PAYE begins

    Shake up of PAYE begins

    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.

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