Topic filter : HMRC

Most trending topics in Business & Finance ( last 24 hours ):
Advertising Advertiser Forecast WPP Google Apple Homeowner Economy Delivery Service UK Economy Inflation Public Finance Negotiation Brexit High Street Euro Lender Smartphone Samsung Galaxy Samsung Dividend Profit Billionaire Profit Growth Bank Of England Unemployment Monetary Policy Employment Part-time Airport Central Bank European Central Bank Holiday Property Market Mortgage Housing Market First-time Buyer Investor Buy-to-let Millionaire Investment

Socially Most Trending News

.... Pre-tax profits halved from £48m in 2015 to £24m last year. Amazon will not reveal how much it paid in total to HMRC last year, beyond the £7. ... [Read full article on Guardian ]
Thursday 10th of August 2017 08:15:53 AM
Total Trend count
171
Most trending on :
155 14 1 1
....The study also sounds the alarm over a new customs IT system due to be delivered just as Britain leaves the EU. “It was agreed well before the referendum was announced that the current HMRC customs clearance system, CHIEF, would be replaced in March 2019,” it states. ... [Read full article on Guardian ]
Sunday 30th of July 2017 08:39:59 AM
Total Trend count
164
Most trending on :
125 36 3
.... Newham, which has 27,000 registered landlords, said it understands that 13,000 had not registered for self-assessment, which is generally required if a property owner receives £2,500 a year or more in rent. HMRC would not confirm the figure. ... [Read full article on Guardian ]
Sunday 13th of August 2017 01:04:01 PM
Total Trend count
82
Most trending on :
65 14 3
.... It wanted letters from his wife, bank statements and more. The matter took months to resolve, which he contrasts with dealing with HMRC which accepted his changed status with one letter and without fuss. ... [Read full article on Guardian ]
Saturday 29th of July 2017 06:00:43 AM
Total Trend count
62
Most trending on :
44 15 3
....Experts point to the declining number of sales as evidence of a cooling market. They fell 3% between May and June to 96,910, the lowest level since October 2016, according to HMRC data. ... [Read full article on Guardian ]
Monday 7th of August 2017 09:54:34 AM
Total Trend count
43
Most trending on :
41 2
....It is the first application of the general anti-abuse rule (GAAR) panel since it was introduced by former chancellor George Osborne in 2013 as part of a package of measures to tackle tax evasion. The ruling means HM Revenue and Customs (HMRC) will be able to take action against both companies and employees seeking to take advantage of the “artificial and abusive” gold bullion schemes. ... [Read full article on Guardian ]
Monday 7th of August 2017 05:33:52 PM
Total Trend count
38
Most trending on :
30 8
....Economists have highlighted declining sales as evidence that the housing market has cooled. They fell 3% between May and June to 96,910, the lowest level since October 2016, according to HMRC data. ... [Read full article on Guardian ]
Saturday 12th of August 2017 03:00:48 PM
Total Trend count
34
Most trending on :
26 8
.... PF. A According to guidance on the higher rate of stamp duty by HM Revenue & Customs (HMRC), you will be able to claim a refund. ... [Read full article on Guardian ]
Monday 14th of August 2017 06:00:35 AM
Total Trend count
23
Most trending on :
18 5
.... The only figure produced is at the end of the last tax year – which can be months out of date. What’s more HMRC, which collects monthly PAYE repayments, only sends the money to the SLC annually, at which point it is allocated to the loan account. ... [Read full article on Guardian ]
Saturday 5th of August 2017 06:00:04 AM
Total Trend count
22
Most trending on :
11 11
.... Changes were also made in Scotland, where stamp duty has been abolished, to mirror the rest of the UK. The government collected almost £2bn from stamp duty in the first three months of 2017, provisional figures released by HMRC in April show. ... [Read full article on Guardian ]
Saturday 19th of August 2017 03:54:34 PM
Total Trend count
18
Most trending on :
15 3
.... And, from this year, the government is reducing the amount of tax relief on buy-to-let finance costs such as mortgages, loans and overdrafts. HMRC says that “only some will pay more tax”, but I’m taking it as another sign. ... [Read full article on Guardian ]
Saturday 5th of August 2017 05:59:04 AM
Total Trend count
10
Most trending on :
5 5
.... Brown clamped down on this “double dipping” – effectively claiming tax relief twice on the same production – in 2004, after it became clear it was being abused. There are still tax reliefs for the British film industry and they make up just a few of the estimated 1,140 schemes offered by HMRC on everything from plant and machinery to pension saving. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
Total Trend count
10
Most trending on :
9 1
.... There will be two exemptions to ensure legitimate calls are not affected – companies will still be able to contact consumers who have expressly requested information from them, and will still be allowed to make marketing calls to existing clients. Along with the ban, there will also be new rules to make sure that only active pension schemes with up-to-date accounts can register with HMRC. ... [Read full article on Guardian ]
Sunday 20th of August 2017 10:53:22 AM
Total Trend count
7
Most trending on :
6 1
.... . HMRC’s systems generate a “Month 1” tax code and then apply deductions. ... [Read full article on Daily Express ]
Monday 31st of July 2017 12:00:00 AM
Total Trend count
5
Most trending on :
4 1
....The comments were part of Metcalf’s first major public intervention since being appointed to oversee a crackdown on exploitation in the workplace in January, giving him oversight on the policing of a range of offences from modern-day slavery to non-payment of the minimum wage. In a report on the scope of his new job Metcalf trumpeted more effective deterrents as he set out his “strategic priorities” for the three government enforcement agencies within his remit: HMRC’s national minimum wage (NMW) enforcement team, the Gangmasters and Labour Abuse Authority (GLAA) and the Employment Agency Standards Inspectorate (EAS). ... [Read full article on Guardian ]
Tuesday 25th of July 2017 05:01:01 AM
Total Trend count
4
Most trending on :
4
.... In an interview with the Observer, he said action against offenders was “rather patchy” and he would look at measures that could lead to more people banned from being company directors if they breach the law. HM Revenue and Customs (HMRC) would need additional resources, he said, to ensure that workers were paid the new living wage. ... [Read full article on Guardian ]
Saturday 29th of July 2017 09:00:01 PM
Total Trend count
4
Most trending on :
3 1
.... . Experts claim HMRC is taking a more “aggressive” approach to collecting Britain’s most hated tax. ... [Read full article on Daily Express ]
Wednesday 26th of July 2017 12:01:00 AM
Total Trend count
2
Most trending on :
2
. The typical withdrawal from nest eggs was £9,300 in the second quarter of 2017, official HMRC figures showed. ... [Read full article on Daily Express ]
Wednesday 26th of July 2017 03:42:00 PM
Total Trend count
2
Most trending on :
2
Friday 28th of July 2017 02:47:00 PM
Total Trend count
2
Most trending on :
2
. The amount raked in by HMRC through inheritance duties hit a record high last year, as the tax threshold remains stuck at the same level since 2009. ... [Read full article on Daily Express ]
Monday 7th of August 2017 04:11:00 PM
Total Trend count
1
Most trending on :
1
. HMRC said 963,000 taxpayers were placed in the self-assessment (SA) tax system, yet none of them had filed SA tax returns for three years. ... [Read full article on Daily Express ]
Sunday 13th of August 2017 04:54:00 PM
Total Trend count
1
Most trending on :
1
. Thousands are still unable to apply to claim free childcare because of technical difficulties with HMRC’s website, a letter to the Treasury select committee chair, Nicky Morgan, has revealed. ... [Read full article on Guardian ]
Tuesday 22nd of August 2017 11:01:34 PM
Total Trend count
1
Most trending on :
1

Latest Finance News related to HMRC

Thousands still unable to claim free childcare after HMRC site problems image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:01:34 PM
. Thousands are still unable to apply to claim free childcare because of technical difficulties with HMRC’s website, a letter to the Treasury select committee chair, Nicky Morgan, has revealed. ...
Pension cold-calling ban to include texts and emails in effort to tackle fraud image
.... There will be two exemptions to ensure legitimate calls are not affected – companies will still be able to contact consumers who have expressly requested information from them, and will still be allowed to make marketing calls to existing clients. Along with the ban, there will also be new rules to make sure that only active pension schemes with up-to-date accounts can register with HMRC. ...
There are now more than 1,000 tax relief schemes. Give us a break image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
.... Brown clamped down on this “double dipping” – effectively claiming tax relief twice on the same production – in 2004, after it became clear it was being abused. There are still tax reliefs for the British film industry and they make up just a few of the estimated 1,140 schemes offered by HMRC on everything from plant and machinery to pension saving. ...
Second-home ownership up 30% since 2000, research finds image
Source : Guardian [Read Article] Saturday 19th of August 2017 03:54:34 PM
.... Changes were also made in Scotland, where stamp duty has been abolished, to mirror the rest of the UK. The government collected almost £2bn from stamp duty in the first three months of 2017, provisional figures released by HMRC in April show. ...
I'm buying a flat as I'm separating – can I reclaim the higher stamp duty? image
.... PF. A According to guidance on the higher rate of stamp duty by HM Revenue & Customs (HMRC), you will be able to claim a refund. ...
Tax return fines: HMRC wrongly hunts ONE MILLION taxpayers for late filing penalties  image
. HMRC said 963,000 taxpayers were placed in the self-assessment (SA) tax system, yet none of them had filed SA tax returns for three years. ...
Half of landlords in one London borough fail to declare rental income image
Source : Guardian [Read Article] Sunday 13th of August 2017 01:04:01 PM
.... Newham, which has 27,000 registered landlords, said it understands that 13,000 had not registered for self-assessment, which is generally required if a property owner receives £2,500 a year or more in rent. HMRC would not confirm the figure. ...
Payment in gold bullion banned under new law to combat tax evasion image
Source : Guardian [Read Article] Monday 7th of August 2017 05:33:52 PM
....It is the first application of the general anti-abuse rule (GAAR) panel since it was introduced by former chancellor George Osborne in 2013 as part of a package of measures to tackle tax evasion. The ruling means HM Revenue and Customs (HMRC) will be able to take action against both companies and employees seeking to take advantage of the “artificial and abusive” gold bullion schemes. ...
Inheritance tax: The secret loopholes to help protect YOUR money from dreaded death duties image
. The amount raked in by HMRC through inheritance duties hit a record high last year, as the tax threshold remains stuck at the same level since 2009. ...
UK house price rises slow to four-year low, says Halifax image
Source : Guardian [Read Article] Monday 7th of August 2017 09:54:34 AM
....Experts point to the declining number of sales as evidence of a cooling market. They fell 3% between May and June to 96,910, the lowest level since October 2016, according to HMRC data. ...
Student loans: graduates still face cash grabs of £300 a month image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... The only figure produced is at the end of the last tax year – which can be months out of date. What’s more HMRC, which collects monthly PAYE repayments, only sends the money to the SLC annually, at which point it is allocated to the loan account. ...
Goodbye to buy-to-let: why I’m moving on after 13 years as a landlady image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
.... And, from this year, the government is reducing the amount of tax relief on buy-to-let finance costs such as mortgages, loans and overdrafts. HMRC says that “only some will pay more tax”, but I’m taking it as another sign. ...
Tax raid on YOUR pensions: Shock as savers overcharged £26million in THREE months image
.... . HMRC’s systems generate a “Month 1” tax code and then apply deductions. ...
Brexit border chaos will cause huge delays and cost £1bn a year, says report image
....The study also sounds the alarm over a new customs IT system due to be delivered just as Britain leaves the EU. “It was agreed well before the referendum was announced that the current HMRC customs clearance system, CHIEF, would be replaced in March 2019,” it states. ...
Bosses are failing to honour minimum pay laws, warns Britain’s job market tsar image
.... In an interview with the Observer, he said action against offenders was “rather patchy” and he would look at measures that could lead to more people banned from being company directors if they breach the law. HM Revenue and Customs (HMRC) would need additional resources, he said, to ensure that workers were paid the new living wage. ...
Pension withdrawal shock: Fury as thousands overcharged as HMRC apply wrong tax code  image
.... . HMRC generate a “Month 1” tax code for the first withdrawal and apply deductions based on the assumption it is the first of many. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... It wanted letters from his wife, bank statements and more. The matter took months to resolve, which he contrasts with dealing with HMRC which accepted his changed status with one letter and without fuss. ...
Almost 2 MILLION pensioners still have to file a tax return, figures show image
Source : Daily Express [Read Article] Saturday 29th of July 2017 12:01:00 AM
.... . Analysis of HMRC data shows that around one in five taxpayers this year will be over 65, compared to around one in nine in the early 1990s. ...
Pension savers owed £26MILLION as HMRC overcharges THOUSANDS accessing pots image
Source : Daily Express [Read Article] Thursday 27th of July 2017 02:21:00 PM
....Most people accessing their pensions for the first time usually withdraw just a one-off amount. But HMRC charges tax based on assumption the saver will withdraw the same amount every month. ...
THIS is how much savers are taking from pensions: How do YOU compare? image
Source : Daily Express [Read Article] Wednesday 26th of July 2017 03:42:00 PM
. The typical withdrawal from nest eggs was £9,300 in the second quarter of 2017, official HMRC figures showed. ...
Inheritance tax grab: HMRC swipes MORE money in 'aggressive' raid on grieving families image
.... . Experts claim HMRC is taking a more “aggressive” approach to collecting Britain’s most hated tax. ...
UK labour market tsar vows to jail rogue bosses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:01:01 AM
....The comments were part of Metcalf’s first major public intervention since being appointed to oversee a crackdown on exploitation in the workplace in January, giving him oversight on the policing of a range of offences from modern-day slavery to non-payment of the minimum wage. In a report on the scope of his new job Metcalf trumpeted more effective deterrents as he set out his “strategic priorities” for the three government enforcement agencies within his remit: HMRC’s national minimum wage (NMW) enforcement team, the Gangmasters and Labour Abuse Authority (GLAA) and the Employment Agency Standards Inspectorate (EAS). ...
Savers warned as pension SUPER tax stings 80% more people image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:58:00 PM
....More people are breaching the lifetime savings limit and receiving a stinging 55 per cent tax charge. As a result, HMRC raked in an extra £20million in 2015/16 compared to the year before, according to Salisbury House WealthAnd the problem has become even worse after the threshold was chopped even lower to £1million in April 2016. ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
.... So, if an employment agency previously supplied a warehouse with 300 workers, the scheme’s promoters might create 150 new companies, each employing two workers. The voluntary liquidations of the companies linked to Anderson followed initial questions posed by HMRC’s fraud and investigation service last year, which asked Anderson for details about the large numbers of VAT registration applications made on behalf of its clients. ...
Cut-price school uniforms, plus do you know who owns your leasehold? image
Source : Guardian [Read Article] Thursday 13th of July 2017 02:24:48 PM
....Losing business as Vodafone cuts off a company phone line. HMRC keeps chasing me for my late father’s tax bill, but I’ve paid it. ...
HMRC keeps chasing me for my late father’s tax bill, but I’ve paid it image
....I paid a £735. 84 tax bill pertaining to my late father’s estate via my local Post Office, but 18 months on, HMRC still says it has not received it. ...
Chancellor urged to recover money lost from recruitment sector tax avoidance image
....Frank Field MP, who is due to be reconfirmed as the chairman of the House of Commons work and pensions select committee on Wednesday, is also asking the Treasury if it has calculated the impact on tax revenues of the liquidation of companies linked to Anderson Group, one of the recruitment sector’s leading financial services firms that promoted a scheme where almost 2,000 mini companies are now being simultaneously wound up. In a series of parliamentary questions on the subject, Field asked: “What assessment has [the chancellor] made of HMRC’s ability to investigate and recover tax revenue lost to aggressive tax avoidance schemes promoted by the Anderson Group and others?”. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....The arrangements – which work by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally designed to help very small businesses – have netted vast windfalls for those involved. The Guardian has seen evidence showing that the closure of parts of the scheme followed Anderson being asked by HMRC’s fraud and investigation service for details about the large numbers of VAT registration applications made on behalf of Anderson clients last year. ...
Rangers tax case: supreme court rules in favour of HMRC image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:02:13 PM
....Payments made via EBTs were agreed in “side letters”, which were separate agreements to employment contracts and were hidden from the taxman and the football authorities. Lord Hodge and four fellow judges agreed with HMRC’s contention that any payments made through EBTs should be considered taxable income rather than loans. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
. The Supreme Court has ruled in favour of HM Revenue and Customs (HMRC) in its fight with Rangers over the club's use of Employee Benefit Trusts (EBTs). ...
‘Gig workers’ already have rights – all we have to do is enforce them | Jason Moyer-Lee image
....This brings us on to the most relevant review no one is talking about: that being conducted by David Metcalf, director of labour market enforcement, in order “to inform the first annual labour market enforcement strategy”. Metcalf’s role is “to bring better focus and coordination to the enforcement of labour market legislation” and the enforcement strategy is meant to focus on improving efficiency and effectiveness of enforcement agencies (including HMRC which supposedly enforces the minimum wage, something which workers in the “gig economy” would normally be entitled to). ...
Subway: What's behind the sandwich chain's UK success? image
Source : BBC [Read Article] Tuesday 4th of July 2017 03:32:42 PM
...."It came up, we dealt with it. HMRC at the time was happy how we dealt with it and we moved on," he told BBC Radio 5 live. ...
Mortgage-seekers ignoring extra fees, says Moneyfacts image
Source : BBC [Read Article] Monday 3rd of July 2017 12:33:38 PM
....". 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 past three years. ...
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. ...
UK workers are cheated out of at least £1.5bn a year in holiday pay image
Source : Guardian [Read Article] Monday 19th of June 2017 03:07:12 PM
....A separate pattern involved bosses deferring pay on the grounds that their business was struggling and then repeatedly going into administration before workers had been paid. The researchers found many phoenix businesses being wound up with debts owed workers and HMRC but then reappearing with the same or related directors and premises under a different name. ...
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. ...

Page rendered in 1.9936 seconds.