£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.
In a move that seeks determined action against tax evasion, the aim is for a …
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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Taxation Posts
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 …
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 …
On July 20, the much heralded Office of Tax Simplification was launched. Its remit is to provide independent advice to the government on simplifying the UK tax system. It will be comprised of experts from across the tax and legal …
Evidence is growing that the Revenue and Customs have spent much of the last two years retraining and reworking the relatively newly established partnership between the tax inspectors (properly trained and usually astute individuals) and their new found but generally …
April is of course the month that heralds the new tax year. Along with the submission of year-ends and the distribution of P60’s there’s also new tax-free allowances.
All workers in Britain can now earn £5435 a year without paying …