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.... Because you let the property for a while, more of the gain can be tax-free because of what is called “lettings relief”. According to guidance from HM Revenue & Customs (HMRC) tax manuals, the way you work that out is by subtracting 18 from the number of months you let the house then dividing that figure by the number of months you owned the property. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 06:00:29 AM
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Latest Finance News related to HMRC

Will I be taxed if I sell my house, which I rented out, and buy a new one to live in? image
.... Because you let the property for a while, more of the gain can be tax-free because of what is called “lettings relief”. According to guidance from HM Revenue & Customs (HMRC) tax manuals, the way you work that out is by subtracting 18 from the number of months you let the house then dividing that figure by the number of months you owned the property. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
....4. Reclaim tax People who access their pensions for the first time to take lump-sum payments are being caught out by HMRC rules and incurring shock tax bills. ...
PENSION CHAOS: Election leaves retirees in the dark over pension tax rules image
Source : Daily Express [Read Article] Monday 12th of June 2017 04:00:00 PM
. People taking retirement income through pension freedoms are at risk of huge bills from HMRC amid the confusion. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....Much of the decline follows a government overhaul of property taxes that spurred landlords and other second-home buyers to rush through deals in March. Figures from HMRC showed a huge spike in sales during March, while mortgage lenders reported a surge in activity after a new stamp duty surcharge came into force on 1 April 2016. ...
REVEALED: This trick helps YOU to avoid thousands of pounds in pension tax  image
Source : Daily Express [Read Article] Thursday 8th of June 2017 01:49:00 PM
. People who access their pensions for the first time to take lump-sum payments are being caught out by HMRC rules and incurring shock tax bills. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
....Landman Economics has previously said that FOBTs represent a net drain on the economy, despite the tax revenues they provide. The economic research consultancy said FOBTs have actually reduced HMRC’s tax income by £1. ...
David Beckham and other celebrities lose £700m tax case image
Source : BBC [Read Article] Thursday 1st of June 2017 02:53:43 PM
.... . But HMRC said Ingenious claimed relief on artificial losses from its films. ...
Beckham-backed film funding firm loses fight against £700m tax bill image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:32:25 PM
....Ingenious had attracted 1,400 investors – who also included Wayne Rooney and Jeremy Paxman – with the promise of profits as well as tax breaks by supporting films such as Avatar and Life of Pi. However, HMRC argued such schemes were not legitimate investments but a means of avoiding tax, and last August a court ruled investors should only receive tax relief on 30% not 100% of their investment. ...
Highest rate taxpayers at record level image
Source : BBC [Read Article] Thursday 1st of June 2017 08:14:15 AM
....They represent 1. 2% of income tax payers in the UK, figures from HM Revenue and Customs (HMRC) show. ...
Income tax: Record numbers paying top rate of 45p image
Source : Daily Express [Read Article] Thursday 1st of June 2017 12:01:00 AM
. Data from HMRC show 364,000 workers will be paying the top rate of tax in 2017/18 – up 54 per cent since the band was introduced seven years ago. ...
'I lived in fear of brown envelopes': being chased by the taxman image
Source : Guardian [Read Article] Friday 26th of May 2017 06:00:04 AM
. For Nick Walton, 2005 marked the start of a tumultuous five-year tax battle when he received a letter from HMRC that questioned his tax return. ...
Further signs of UK property slowdown in April image
Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
....The number of residential property transactions in the UK dropped by 22. 5% between March and April, according to HM Revenue and Customs (HMRC). ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
....The Low Incomes Tax Reform Group charity has urged Taylor to recommend a comprehensive reassessment of the relationship between taxation and the growth of the gig economy. Anne Fairpo, chair of LITRG, said: “Exploitation of workers often manifests itself in problems with their tax and national insurance contributions, such as employers not paying over withheld amounts of Pay As You Earn to HMRC. ...
Brexit and the coming food crisis: ‘If you can’t feed a country, you haven’t got a country’ image
.... Here were representatives of the British Poultry Council and the Federation of Bakers, the British Growers Association, the National Association of Cider Makers and many more besides. They were joined by civil servants from Defra, the Food Standards Agency, the Department for Business, David Davis’s Brexit department and HMRC. ...
Sports Direct recruiter Transline sold to rival Russell Taylor Group image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:16:24 PM
....The buyout comes after Transline had a tough 18 months after the publication of a Guardian investigation into pay and conditions at Sports Direct’s warehouse. An HMRC investigation followed, which resulted in a deal where the retailer, Transline and a second agency, the Best Connection, agreed to stump up about £1m in backpay to affected workers. ...
Vodafone pulls out of £20m naming-rights deal for West Ham stadium image
Source : Guardian [Read Article] Tuesday 16th of May 2017 09:34:00 AM
....Talks have broken down and Vodafone will not be proceeding with the deal. Sources said the breakdown was over the terms of the deal and nothing to with an HMRC investigation that included the seizing of material from West Ham. ...
A new company every week: inside the UK's AI revolution image
Source : Guardian [Read Article] Monday 15th of May 2017 06:00:37 AM
.... Last year, the website Contractor Calculator re-launched its AI-powered IR35 testing tool. IR35 is the rule HMRC uses to determine whether someone is genuinely self-employed, or technically an employee. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
. Buy-to-let owners have been hit with a number of law changes over the past two years, which have forced rental investors to pay more money to HMRC. ...
Smirnoff owner Diageo to pay HMRC £107m in 'Google tax' crackdown image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:54:14 PM
. Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals. ...
Diageo told to pay £107m in extra tax in profits row image
Source : BBC [Read Article] Wednesday 10th of May 2017 04:49:21 PM
....Diageo has been ordered to pay £107m by the UK tax authority as part of a long-running investigation into moving profit between its global businesses. The drinks giant said that under the new Diverted Profits Tax regime, HMRC will ask for more tax and interest for the past two financial years. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
....John Lewis profits have been dented by £36m after a payroll error that breached minimum wage rules. The retailer, which owns Waitrose supermarkets as well as its namesake chain of department stores, said it was working with HMRC to examine its practice of pay averaging, which aims to smooth out monthly pay over the year. ...
Retail Acquisitions, which bought BHS for £1, heads for liquidation image
Source : Guardian [Read Article] Thursday 4th of May 2017 12:17:13 PM
.... The Financial Reporting Council is also looking into the collapse, while the Serious Fraud Office is also considering whether to launch a formal investigation. Chappell was also arrested last year as part of an HMRC investigation into unpaid taxes on profits made from the collapsed department store chain. ...
HMRC steps up inquiry into employment status of Hermes couriers image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 12:06:14 PM
....HM Revenue & Customs has stepped up its investigation into the delivery company Hermes classifiying its couriers as self-employed, while the business has also been hit with an employment rights lawsuit from the GMB trade union. Drivers for Hermes were sent letters from HMRC over the weekend asking them to provide evidence as the tax authority looks into their employment status. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
....”. The top 1% in Britain are defined as those earning more than £162,000 before tax, according to HMRC’s latest Survey of Personal Incomes (SPI). ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
.... . Also last week, the latest figures from HM Revenue and Customs (HMRC) showed that the number of property sales remain static. ...
Hard tackling image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:25:54 AM
....A sport that generates millions in income for clubs and players has increasingly come into the spotlight, particularly in a time of belt-tightening in many other parts of society. The sport generates and churns huge financial sums in transfer fees, sponsorship, television rights, image rights, and other areas where collecting tax may be a concern for HMRC. ...
Arrests as Newcastle and West Ham raided in £5m tax probe image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:26:01 AM
.... He was released without charge at about 17:00 BST. HM Revenue and Customs (HMRC) deployed 180 officers across the UK and France. ...
Record low rate signals mortgage battle image
Source : BBC [Read Article] Friday 21st of April 2017 09:48:53 AM
....Lenders are seeking custom as property sales remain static. The latest figures from HM Revenue and Customs (HMRC) show that, on a seasonally-adjusted basis, property transactions have generally been close to the 100,000 mark each month for the last three years. ...
How much do you have to earn to be rich? £70,000, says Labour image
Source : Guardian [Read Article] Wednesday 19th of April 2017 03:40:40 PM
....The reality is that relatively few people earn more than £70,000 a year. Data from HMRC shows that just over 5% of taxpayers earned at least this amount in 2014-15. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....“We made all the classic mistakes and grew too far, too fast,” he said. “We owed HMRC money and before we knew it, they’d turned up with a lorry to take all our beer away. ...
Five pension tax mistakes that could hit YOUR nest egg image
Source : Daily Express [Read Article] Friday 14th of April 2017 06:01:00 AM
. The Treasury estimated pension changes introduced in 2015 would bring in £920million over the first two years of the policy, but HMRC has in fact pulled in double that at £2. ...
Starbucks blames UK profits plunge on Brexit and slowing growth image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:32:31 PM
....Starbucks became the poster child for corporate tax avoidance in 2012 after details of its meagre tax contribution emerged. The furore prompted a deal with HMRC to waive tax deductions and pay £20m in voluntary corporation tax over two years, including £11. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
....He said large corporations were “privileged” by the government in their tax affairs over ordinary people or small businesses. He joked about his own tax return mishap, where he was fined for a late payment, calling it a “donation” to HMRC. ...
What is probate? Is there anything I can do to avoid rising probate fees? image
Source : Daily Express [Read Article] Thursday 6th of April 2017 05:39:00 PM
.... . “Therefore, anyone currently dealing with the administration of an estate will need to be quick to simultaneously submit the inheritance tax account to HMRC, as well as make the grant application to the Probate Registry to avoid the increase fee. ...
Pension freedoms: Thousands of savers charged emergency tax – are YOU owed money back? image
....It is thought hundreds of thousands of people could be owed a typical £3,099 after being shifted on to emergency tax codes when making withdrawals from saving pots, according to pension provider AJ Bell. HMRC rules mean the majority of savers who access pensions for the first time are charged tax at a rate that assumes further continuous monthly payments at the same level, even though for most people it is just a one-off withdrawal. ...
Speedboat among £5.1m of assets seized in tax fraud investigation image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:53:57 PM
.... If proven, evasion on this scale would amount to a “global criminal enterprise”, said Alex Cobham, chief executive of the Tax Justice Network. HMRC said it had launched a criminal investigation into suspected tax evasion and money laundering by a global financial institution and its employees. ...
Deliveroo's verbal gymnastics show commonsense not on the menu image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:29:05 PM
.... Earnings are fees, payslips are invoices and performance targets are delivery standards. It’s all designed to convince HMRC and the outside world that the setup uses self-employed riders and thus does not need to pay employer’s national insurance, contribute to pensions or offer holiday pay. ...
May and LSE chief woo Saudi ministers for $2tn Aramco listing image
Source : Guardian [Read Article] Wednesday 5th of April 2017 09:44:22 AM
....Trade talks have historically focused on arms sales, but sources insisted the prime minister had not brought a full trade delegation with her on this trip, with no one from the British multinational arms manufacturer BAE Systems. In 2015, 83% of UK arms exports almost £900m – went to Saudi Arabia, according to analysis of HMRC figures by Greenpeace. ...
Tory donor Lycamobile in £26m tax dispute image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
. Lycamobile, the international phone call business and a major donor to the Conservative party, is embroiled in a £26m tax dispute with HMRC over VAT. ...
How Karen Millen lost the battle for her name – and her fortune image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....But despite receiving £35m for her share of the business – a blockbuster deal that involved Millen signing away the rights to use her own name – the rags-to-riches story returned to rags in the high court after she failed to hand over an estimated £6m that HM Revenue and Customs said it was owed. Millen told the Times her accountants had advised her to use a tax planning scheme, the validity of which was successfully challenged by HMRC in 2010. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....Google agreed to pay £130m in back taxes to the UK last year, which was widely criticised as not being enough. The sum covered money owed since 2005 and followed a six-year inquiry by Her Majesty's Revenue and Customs (HMRC). ...
Jewellery and cars seized as Dutch trigger multi-country tax raids image
....In Australia, authorities said investigators were looking for the owners of 340 anonymous bank accounts. The UK tax inspection body, HMRC, confirmed that it had launched "a criminal investigation into suspected tax evasion and money-laundering by a global financial institution and certain of its employees". ...
Credit Suisse embroiled in major global tax evasion investigation image
Source : Guardian [Read Article] Friday 31st of March 2017 08:17:57 AM
....The UK’s HM Revenue & Customs said it has launched a criminal investigation into suspected tax evasion and money laundering by a global financial institution and its employees. Warning of “further, targeted, activity over the coming weeks”, HMRC said its efforts were focused on the bank’s staff and “a number of its customers”. ...
Deliveroo riders plan legal action over employment rights image
Source : Guardian [Read Article] Monday 27th of March 2017 04:37:56 PM
....The rise of tech companies using self-employed drivers has raised fears about radical changes in employment practices. The government recently announced a six-month review of modern working practices and HMRC is setting up a new unit, the employment status and intermediaries team, to investigate companies. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... The Candys, and those close to them, clearly believe they have dangerous enemies. The case has also increased pressure on the HMRC to take a closer look at how the brothers sheltered their fortune from tax. ...
Scotland's exam body promises living wage after £6 hourly rate revealed image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:59:31 PM
....”. The SQA refused to say whether an HMRC investigation had prompted its change in policy. ...
Isas back in favour after tax allowance hike image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
. A new tax-free Isa allowance that comes into force next month will allow wealthy couples to put more than £70,000 beyond the reach of HMRC. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
.... But there are simple steps to beat dividend tax, which sees as much as 38. 1 per cent of share earnings handed to HMRC, depending on a holder's income rate. ...
Tesco to pay back thousands of underpaid staff image
Source : BBC [Read Article] Thursday 9th of March 2017 11:24:00 AM
....50 an hour next month, for those aged 25 and over. Last month, HMRC named 360 businesses who had failed to pay the statutory minimum wage. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....In the OBR’s economic and fiscal outlook, which is published alongside the budget, the watchdog estimated that such action cost the exchequer £800m. The report added: “HMRC analysis suggests that around one pound in seven of that saving benefited just 100 individuals who were able to withdraw dividends averaging £30m each from their companies before the higher tax rate took effect. ...
Business wish list image
Source : BBC [Read Article] Sunday 5th of March 2017 01:37:19 AM
.... It also wants to see consultation on a simpler tax system for small businesses. Mr Hammond should create a 'white-list' for acceptable tax-planning, to separate it from aggressive evasion, so businesses are clear about what kinds of tax planning HMRC will accept. ...
£220,000: the price super-rich will pay to keep their privacy image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
....”. There are 210 UK properties worth more than £20m owned by an offshore company or other “non-natural person” vehicle, according to 2015-16 HMRC tax receipt data. ...
Sick DPD couriers face £150 charge if unable to find cover image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:39:12 PM
.... DPD said that when it established the franchisee scheme it “obtained clearance from HM Revenue & Customs to ensure that franchisees were genuinely self-employed and that the scheme was fully compliant with relevant legislation and good practice”. It said it had since received HMRC clearance over further changes to the arrangements. ...
Nick Candy accused of being secret partner in brother's property group image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:48:12 PM
....“If, contrary to your evidence, CPC always was and still is a partnership then enormous sums of tax have been evaded by your brother,” Roger Stewart QC, acting for Holyoake, told Christian Candy, under cross-examination on Thursday. Stewart said that would mean HMRC would have missed out on “vast sums” that could have gone to fund hospitals, roads and schools. ...
UK workers' wages fell 1% a year between 2008 and 2015, TUC says image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:43 AM
.... These rates will rise on 1 April. Jennie Granger, the director general for customer compliance at HMRC, which supervises payment of the national living wage, said: “Employers must pay their workers what they’re entitled to and follow the rules. ...
HMRC criticised over film industry tax avoidance probes image
Source : BBC [Read Article] Saturday 25th of February 2017 02:46:36 AM
. HMRC has rejected criticism by Andrew Tyrie, chairman of the Treasury select committee, over its response to the exploitation of tax breaks for the film industry. ...
World gets thirst for British gin as exports hit record of nearly £500m image
Source : Guardian [Read Article] Friday 24th of February 2017 02:42:43 PM
....Exports of British gin surged to record levels last year, reaching nearly £500m. Figures from HMRC show exports of the juniper-based spirit rose by 12% to £474m, outperforming exports of British beef and soft drinks. ...
Tax barrister plans to take Uber to court over alleged £20m black hole image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:00:09 PM
....He said he was concerned that HM Revenue and Customs was treating big US companies more favourably than governments in continental Europe do. “That narrative that HMRC doesn’t really want to discuss is incredibly damaging to people’s perceptions of the fairness of the society they live in,” Maugham told the Guardian. ...
Even with price rises, there’s no place like home for bargain-hungry Brits image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
.... Anything brought in from the US (or indeed any country outside the EU) may be subject to VAT, customs and excise duty, unless they’re below £15 in value (£39 if they’re a gift). VAT on bringing in an iPhone from the US is 20%, although customs duty (as far as I can tell from HMRC’s site) is zero. ...
Argos to pay £2.4m to 37,000 workers paid less than minimum wage image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:26:07 PM
....4m in wages to more than 37,000 current and former shopworkers, and has been fined nearly £1. 5m after a HMRC investigation. ...
Debenhams tops government's shame list for underpaying staff image
Source : Guardian [Read Article] Wednesday 15th of February 2017 07:14:42 PM
....20 an hour for those over 25, which was introduced last year. The businesses were forced to pay back £995,233 to workers as well as penalties totalling £800,000 to HMRC. ...
HMRC overhaul: What are the five changes proposed for UK tax system?  image
Source : Daily Express [Read Article] Monday 13th of February 2017 10:26:00 AM
. After HMRC announced an overhaul of the UK tax system, here is a look at five of the proposed changes that could affect you. ...
It's time corporate tax dodgers started losing lucrative council contracts | Paul Monaghan image
....Then there is the issue that suppliers are expected to self-declare their recent history of tax compliance. It is a rather substantial leap of faith to trust that businesses that have filed incorrect tax returns would readily confess this while chasing lucrative contracts, especially when a veil of secrecy still surrounds instances when HMRC has found cases of corporate tax avoidance. ...
Plan ahead to ease burden of death tax image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 12:01:00 AM
....Around 30,000 families face an IHT bill in the 2016/17 tax year, up from 26,000 one year earlier. In 2008/09 the figure stood at just 16,000, according to private client law firm Wilsons, which has crunched HM Revenue & Customs (HMRC) data. ...
Robots 'could replace 250,000 UK public sector workers' image
Source : Guardian [Read Article] Monday 6th of February 2017 09:10:14 AM
....”. Such “contingent labour” platforms, it says, could suit hospitals and schools as an alternative to traditional agency models, as well as organisations which experience seasonal peaks in demand such as HMRC at the end of the tax year. ...
Beware the call connection services that charge £3.60 a minute image
Source : Guardian [Read Article] Saturday 4th of February 2017 06:59:22 AM
....But Amazon is just the tip of a huge consumer iceberg. A quick trawl of other “connection services” suggests there are many out there offering to put people through to a vast range of household names, including Marks & Spencer, Tesco, John Lewis, npower, O2, BT, Sky, Argos, Asda, BA, Royal Mail, HMRC, the DVLA, TV Licensing and even the Dartford Crossing. ...
Royal Albert Hall president to be grilled by MPs over ticket abuse image
Source : Guardian [Read Article] Sunday 29th of January 2017 05:39:12 PM
....The Competition and Markets Authority has launched a probe into whether touts are flouting the Consumer Rights Act 2015 by failing to publish their company details and information about the seat they are selling. HMRC has also begun a separate investigation into whether touts are declaring their full income from the trade. ...
Tax return DEADLINE: Millions urged to act TODAY to avoid £100 fine  image
Source : Daily Express [Read Article] Friday 27th of January 2017 04:14:00 PM
.... John Cullinane, the Chartered Institute of Taxation's policy director, said: “Greater numbers of people in self-employment is a growing feature of the UK’s economy and unfortunately, one of the first things they need to think about in 2017 is tax. "We urge self-employed people not to begin their new relationship with HMRC with a £100 fine by taking advantage of the tax authority’s online offerings, such as accessing their new Personal Tax Account to submit their SA return and follow the guidance on Gov. ...
UK's super rich appear to get special deal from HMRC, says watchdog image
Source : Guardian [Read Article] Friday 27th of January 2017 12:01:11 AM
....Britain’s wealthiest people appear to get preferential treatment from HM Revenue & Customs and are not being properly pursued for outstanding tax bills, parliament’s spending watchdog has concluded. HMRC’s failure to clamp down on rich tax dodgers is undermining confidence in the whole system, the public accounts committee said. ...
Ticket touts rebrand as investigations put them in spotlight image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:16:42 PM
....Moves among touts to alter their public profiles follow increased scrutiny, including an inquiry by the Competition and Markets Authority (CMA) into whether they are breaking the law by failing to disclose their identity on ticket resale sites. HM Revenue & Customs (HMRC) is also examining the industry after MPs on the Commons culture, media and sport select committee demanded an inquiry into touts’ tax affairs. ...
Grandparents miss out on tax credits that could boost state pension image
Source : Guardian [Read Article] Wednesday 18th of January 2017 02:57:04 PM
.... Over the course of a 20-year retirement this would add up to a loss of more than £4,500. But the figures from HMRC, Webb said, showed that this system “is so little known” that just 1,298 grandparents and other family members across the country benefited in the year to September 2016. ...
Grandparents missing out on tax credits that would boost their pensions image
Source : Daily Express [Read Article] Wednesday 18th of January 2017 12:01:00 AM
. A Freedom of Information (FOI) request submitted to HM Revenue and Customs (HMRC) by Royal London found only a low number of applications had been made for "grandparents' credit". ...
HMRC criticised over spiralling payments to outsourcing firm image
Source : Guardian [Read Article] Tuesday 17th of January 2017 12:01:23 AM
.... HM Revenue and Customs has been forced to apologise for management of the contract. The report’s findings have angered MPs and campaigners who believe HMRC showed indifference to the suffering of claimants whose benefits were wrongly cut or stopped altogether. ...

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