HMRC has invited evidence on the potential impact of withdrawing three extra-statutory concessions (ESC) and views on draft legislation to enact two others.
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.
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.
A bookkeeper who admitted falsifying PAYE tax returns has been jailed for 15 months.
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.
The total deductions were about £1000 but HMRC have said the penalties will be £1200 (£100 for 12 months).
HMRC has launched five VAT taskforces in the Midlands as part of an initiative to bring in over £100m in the current tax year.
A new estimate of the UK’s tax gap is “flawed and muddled”, according to HMRC.
As a sole trader, if a start-up first tax return turnover and taxable profits are below the personal allowance.
- ICAS: HMRC record checks are “flawed” 194,840 18
- Reasonable Excuse scorecard 2011: Taxpayers 20 HMRC 12 42,647 17
- HMRC ‘reasonable excuse’ definition under fire 26,241 22
- Struck-off companies dodge £16bn a year 24,241 59
- HMRC loses husband-and-wife settlements case 24,042 18