A controversial plan by HMRC to deduct tax directly from employees bank accounting is being considered, it has emerged.
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
Following the widely publicised mass errors uncovered within the PAYE system, three senior executives within HMRC appeared before a Commons select committee.
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.
New tax cuts are unlikely to be seen within the next five years, Chief Secretary to the Treasury Danny Alexander has said
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.
Evidence is growing that the Revenue and Customs have spent much of the last two years retraining and reworking a relatively newly established partnership.
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.