Car warranty tax scheme scuppered
A tax avoidance scheme designed to avoid VAT on car repairs that could have cost the Exchequer £600 million a year has failed after a successful challenge by HM Revenue and Customs (HMRC).
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No safe havens for offshore tax cheats
HM Revenue and Customs (HMRC) confirmed today that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.
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One million schemes use new PAYE system
Over one million employer PAYE schemes have started to report Pay as You Earn (PAYE) in real time since it was launched last month, HM Revenue and Customs (HMRC) announced today.
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Taxman scoops graduate recruitment award
HM Revenue and Customs (HMRC) has been recognised for the success of its graduate recruitment scheme.
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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.
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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.
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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.
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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.
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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).
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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.
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RTI lifts off
Over 70,000 Pay As You Earn (PAYE) returns have been submitted using Real Time Information (RTI) since 6 April.
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HMRC offers new set of online tax guidance
HM Revenue and Customs (HMRC) has launched a new raft of free online webinars giving tax help.
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