A controversial plan by HMRC to deduct tax directly from employees bank accounting is being considered, it has emerged.
Currently, it is the obligation of employers to deduct income tax and national insurance from employees, and then pass the collected …
Following the widely publicised mass errors uncovered within the PAYE system, three senior executives within HMRC appeared before a Commons select committee.
Chief Executive Dame Lesley Strathie, permanent secretary for tax Dave Hartnett, and director for personal tax, Bernadette Kenny …
Fraudsters could try to take advantage of the PAYE tax blunder that resulted in millions of tax payers paying the wrong amount of tax, HMRC has warned.
There have been previous fraudulent campaigns which have seen emails sent with HMRC …
Millions of people have paid the wrong amount of tax in the UK, it has been revealed.
Around £2 billion has been underpaid via Pay as Your Earn (PAYE) with 1.4 million people owing an average of £1,500 each.
A …
The pre-Budget report (PBR) will be done away with by Chancellor George Osborne in a move that will return economic policy to the way it was prior to Gordon Brown’s era.
The decision to scrap what had become a second …
The Treasury is planning to cut staff numbers by a quarter as the Chancellor George Osborne seeks to roll back his department in line with sweeping cuts across the board.
He wants to reduce Treasury staff members from 1350 to …
New tax cuts are unlikely to be seen within the next five years, Chief Secretary to the Treasury Danny Alexander has said.
In an interview with the Observer newspaper, he said: ‘I think the tax burden is necessary as a …
A boost in the construction sector has contributed to better than expected growth in the UK economy in the second quarter of 2010.
The Office for National Statistics (ONS) has revised its previous estimate of 1.1% growth to 1.2%.
Construction …
A think tank has warned that the age people can claim the state pension has to rise to 72 if it is to be in line with the increase in life expectancy.
The Pension Policy Institute (PPI) said in the …
HMRC have had substantial problems implementing a new system to administer PAYE codes, it has emerged via an appendix to the department’s 2009-2010 accounting.
It has been estimated that there are 18.2 million unresolved cases involving PAYE coding notices and …