RSS feed for this section

Archive | HMRC

A VAT questionnaire for ghosts and moonlighters

A VAT questionnaire for ghosts and moonlighters

HMRC’s Hidden Economy Teams (HETs) search for individuals and businesses who illegally evade tax and VAT as ‘ghosts’ and ‘moonlighters’. Ghosts operate unseen in the hidden economy until HMRC track them down, whilst moonlighters can often be known to HMRC and may be declaring one source of income, but hiding another. HMRC has produced a […]

Inheritance Tax Surge

Inheritance Tax Surge

 Inheritance Tax receipts surge The latest official figures from HMRC show total inheritance tax receipts are up by 6% to £11.2bn on the same time last year and are rising faster than at any time since 2010. NFU Mutual said IHT receipts have risen by over 20% in the first four months of the tax […]

Cost of HMRC’s Digital Tax plans !!

Cost of HMRC's Digital Tax plans !!

Committee questions costs of HRMC’s digital plans  The Treasury select committee has called for more clarity on the costs of implementing HMRC’s plans for a digital tax system for businesses. Committee chairman Andrew Tyrie has written to Jane Ellison, financial secretary to the Treasury, to request further detail on the Revenue’s claim that the Making […]

HMRC’s sneaky tax code adjustment !!

HMRC’s sneaky tax code adjustment !!

Dividend tax and other income – Taxman jumps the gun! As previously warned the government is increasing tax charges on business owners next year with introduction of the Dividend Tax. To make it worse HMRC are rubbing salt into the wound by trying to collect the tax sooner than it is due by changing your […]

Pension Pot Restrictions – Not for some!!

Pension Pot Restrictions – Not for some!!

HMRC CEO resigns with £2.2m pension fund!! According to the Taxpayers’ Alliance, less than a fortnight after becoming a Dame Commander of the Order of the Bath, Lin Homer announced on Monday that she will quit as Chief Executive of HM Revenue and Customs in April. HMRC has hardly shrouded itself in glory under her […]