Hmrc

Unpaid taxes £1.1bn higher ‘due to HMRC job cuts’

Tax collection has been £1.1 billion lower than it could have been because of job cuts at HM Revenue and Customs (HMRC), a public spending watchdog is claiming.

The 2020 Tax Commission is calling for changes to the UK tax system

Tax Commission calls for 30% flat tax rate on income and capital

A new report by the 2020 Tax Commission says that a flat rate of 30 per cent tax on both income and capital will raise GDP over 15 years and end the UK's "punitive" tax system.

HMRC's annual PAYE reconciliation agrees the correct amount of tax for millions

Millions to get tax refunds earlier as HMRC starts PAYE year-end

HM Revenue & Customs are starting their end-of-year PAYE reconciliations earlier which means up to 3.5 million people will receive refunds earlier than normal.

The Treasury says some of the very rich are paying less than the basic rate of tax

Treasury reports one in ten £10m earners pay less than 20% tax

In a bid to support a proposed policy to limit tax relief available on charitable donations the Treasury has released figures that show one in ten £10m+ earners pay less than the basic rate of tax.

A guide to the new tax year 2012-13

The new tax year begins tomorrow, (Friday April 6th 2012) which means employers, employees, pensioners and families will all be affected by rate, allowance and tax changes.

Tax and benefits reforms 'to hit families'

Average family £500 worse off through tax changes, warns IFS

Millions of families across the UK stand to lose more than £500 a year under reforms to the tax system which start tomorrow, according to a leading think tank.

Working families are being urged to contact HMRC over tax credits

Contact HMRC or your tax credits might stop, group warns

Parents are being urged to contact the tax office to ensure they don’t lose out on working tax credits once new rules come into effect from April 6.

HMRC target e-traders in unpaid tax crackdown

Online traders are the focus of HMRC’s latest clampdown on unpaid tax. But the CIOT is calling for a national campaign open to all taxpayers instead.

RBS used a tax loophole to avoid paying tax on buying back its own debt in 2009

RBS used similar tax loophole as Barclays to avoid paying tax

The Royal Bank of Scotland used a similar tax loophole scheme as Barclays to avoid paying tax on the profits made from buying back its own debt in 2009.

HMRC will set up a new body to review tax settlements above £100m

HMRC to set up new body to review £100m+ business tax deals

Following criticism of HMRC from a parliamentary committee the Treasury has confirmed that an "assurance commissioner" will be set up to scrutinise tax settlements above £100m.

Treasury issues retrospective ruling on tax dodges

Treasury closes tax loopholes and orders Barclays to pay £500m

A major UK bank, believed to be Barclays, has been ordered to pay back tax of £500 million that it tried to avoid by using two loopholes.

HMRC reports a 39 per cent drop in late self assessment tax returns this year

Taxman sends out 850,000 self assesment fines, down 39% on 2011

HMRC reports a 39 per cent drop in fines sent out to self assessment taxpayers this year and puts it down to better advertising and stronger penalties.

Rangers face a fight with the UK tax authorities the outcome of which could have wider implications

Rangers Vs HMRC: Result could impact on city and Premier League

The fight between Rangers and the UK tax authorities over the use of employee benefit trusts (EBTs) could see HMRC take on other institutions who have used the same system.

HMRC reports record receipts of tax returns filed on time and online

Record number of self assessment tax returns filed on time, says HMRC

HMRC received 9.45 million tax returns on time this year, an increase of 800,000 on last year, but over one million taxpayers were late and will receive a £100 penalty.

HMRc is accused of sending out mixed messages over the self assessment tax deadline

Self assessment confusion as TV ads and website stick to old deadline

A website technical hitch added to the confusion for self assessment taxpayers as HMRC's website and TV ads aired on Sunday continued to inform taxpayers that January 31st was SA deadline day.

HMRC extends self assessment deadline due to strikes

The deadline for online self assessment tax returns has been extended, so taxpayers who file on February 1st or 2nd as a result of staff strikes will not receive a penalty.

HMRC may waive self assessment fines as staff plan strike

HMRC extend self assessment deadline to Feb 2nd

HMRC has extended the deadline for self assessment tax returns to Midnight, February 2nd which means interest will not be charged on tax owed until then.

HMRC boss Hartnett warns cash-in-hand payments 'diddle' the economy

British people are being encouraged to report those who accept cash-in-hand payments as part of a crackdown on tax avoidance by HM Revenue & Customs.

House sales in UK barely half of 2007 peak

HM Revenue & Customs has found that property sales are continuing to decline, resulting in transactions levels being barely half those witnessed in 2007.

HMRC reminds self assessment taxpayers of deadline

Self assessment taxpayers have been reminded by HM Revenue & Customs that the deadline for their returns is rapidly approaching.

HMRC reminds self assessment taxpayers of January 31st deadline

Self assessment taxpayers have been reminded by HM Revenue & Customs that the deadline for their returns is rapidly approaching.

MPs attack HMRC's 'preferential' treatment of big businesses

MPs have called the honesty of HM Revenue & Customs into question, alleging they are treating big businesses more favourably than smaller ones.

The UK's most senior tax official, David Hartnett will retire in 2012

HMRC's top taxman, David Hartnett to retire next year

HMRC boss David Hartnett, who has been criticised for agreeing so-called "sweetheart" deals with big businesses including Vodafone and Goldman Sachs will retire next summer.