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.
HMRC has commissioned a report into Business Record Checks (BRCs) and attitudes towards record keeping. That seems to make sense.
In a recent case the tax payer, a Mr Sparrey proved he did not need to pay HMRC for an agreed tax underpayment. This was because as a PAYE liability, prima facie, the tax should have been accounte
Tony Margaritelli takes the opportunity to talk about issues that have hit the news or not in the last few weeks.
Tax reliefs are a necessary part of any tax system and play a significant role in defining the scope of tax, HM Treasury has said in response to the Public Accounts Committee’s finding in June that
- ICAS: HMRC record checks are “flawed” 193,926 18
- Reasonable Excuse scorecard 2011: Taxpayers 20 HMRC 12 42,406 17
- HMRC ‘reasonable excuse’ definition under fire 26,151 22
- Struck-off companies dodge £16bn a year 24,150 59
- HMRC loses husband-and-wife settlements case 24,016 18