HMRC

HMRC has invited evidence on the potential impact of withdrawing three extra-statutory concessions (ESC) and views on draft legislation to enact two others.

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In the First-Tier Tribunal case of K Moorthy (TC3952) the judge noted that the taxpayer ended up in a worse position regarding his compensation for loss loss of office following the decision than i

A former Association of Taxation Technicians (ATT) president and a fellow company director who were jailed for pension scheme tax fraud in 2013 have been ordered to pay back a total of £5.1m.

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Business entity tests intended to help taxpayers assess whether they might be caught by the IR35 intermediaries legislation are not working, according to a focus group of tax professionals.

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A bookkeeper who admitted falsifying PAYE tax returns has been jailed for 15 months.

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Earlier this week the union representing most HMRC staff claimed that tax evasion is costing more than £80bn a year, an estimate dismissed by HMRC.

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The total deductions were about £1000 but HMRC have said the penalties will be £1200 (£100 for 12 months).

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HMRC has launched five VAT taskforces in the Midlands as part of an initiative to bring in over £100m in the current tax year.

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A new estimate of the UK’s tax gap is “flawed and muddled”, according to HMRC.

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As a sole trader, if a start-up first tax return turnover and taxable profits are below the personal allowance.

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