Tag Archives: 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 […]

Average UK family’s tax bill hits £25k

A study by the Tax Payers’ Alliance has determined that the average household contributed £24,781 in tax in the financial year 2016/17, a rise of £1,500 on the year before. John O’Connell, chief executive of the TaxPayers’ Alliance, commented: “With the tax system more complicated and opaque than ever, it’s time for fundamental reform to […]

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 […]

Something smells rank

Something smells rank

Last Friday HMRC knocked the doors of 8 business premises across Northern Ireland as part of a new taskforce to check that taxi operators and drivers have paid the tax they owe. Officers visited premises in counties Antrim, Down and Fermanagh and uplifted business records for examination. A similar taskforce paid visits to 36 premises […]