Half a million people have not been sent tax reminders due to HMRC running out of paper.
Taxation
Taxation is a fast-moving, wide-ranging and common concern for all business people in the UK. We look at the intricacies of taxation for different types of business from sole traders to large organisations. Our blog articles about tax tackle the latest developments in the fields of taxation and tax accountancy with help and advice from our ex-HMRC tax consultants.
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Read our taxation posts below for all the latest about tax in the UK.
Taxation Posts
The Treasury Select Committee has held Her Majesty’s Revenue and Customs (HMRC) responsible for intolerable deficiencies in fundamental services in a scathing report.
We look at the new task forces set up by HMRC to tackle income tax evasion in local areas.
HMRC staff are going on a strike this week as a protest against policy on sick pay. The PCS union is calling on its 50,000 members to walkout at 16:00 on June 7, with members to come in to work late at 10:00 the following day and taking two hours for lunch.
Up to £16 billion of unpaid tax has been missed by the Treasury according to a new in depth report. More than half a million companies disappeared last year without paying any tax and in most cases not filing accounting.
Offshore Bank Account Tax Disclosure is commonly understood to be a grey area in HMRC's handling of people with offshore bank accounting.
The biggest government financial surplus for more than 2 years has been recorded as healthy income tax receipts last month swelled the treasury’s coffers.
As the government presses ahead with its deficit reduction strategy, Prime Minister David Cameron has ruled out significant tax cuts.
Nearly a million people face soaring rates of tax as the government’s deficit reduction plan continues this spring.
£900 million will be spent by the Treasury in an attempt to clampdown on tax evasion, chief secretary to the Treasury Danny Alexander has revealed.