Search Results for: HMRC
HMRC’s plan for debt recovery plan
July 31st, 2014
The Law Society has joined the chorus of opposition to government plans to allow HM Revenue & Customs direct access to tax defaulters’ bank accounts. In its response to HMRC’s call for evidence on new powers for direct recovery ...
MPs grill HMRC over accounts and new powers
July 18th, 2014
HMRC’s chief executive, Lin Homer, has told MPs that it will let the National Audit Office check its forecasts for tax collection after it miscalculated figures by £1.9bn a year. Homer and other HMRC board directors also told MPs ...
MP Andrew Mitchell invested in scheme HMRC says avoided tax
July 17th, 2014
Former government chief whip Andrew Mitchell has invested in a high-profile film financing company considered to be a tax avoidance scheme by HMRC. Tax collectors say the scheme’s investors can expect to receive big tax bills in the coming ...
HMRC publishes list of suspect tax avoidance schemes
July 15th, 2014
HM Customs and Revenue (HMRC) has published a list of more than 800 schemes that it believes are deliberately designed to avoid tax. The list consists of a series of numbers, allowing them to be identified by the tax-payers ...
HMRC seek to delay PAYE code change notices
July 14th, 2014
HMRC are seeking powers that would enable tax officials to temporarily withhold details of PAYE code changes from workers. Employees of businesses instructed by the Revenue to use a new code could be kept in the dark for up ...
Rangers tax case: questions over HMRC’s motivation
July 11th, 2014
Her Majesty’s Revenue and Customs (HMRC) on Wednesday lost its latest legal fight over a claim that Rangers were liable for a £46.2 million bill over the club’s use of a scheme to make payments to its employees. Placing ...
HMRC justifies new powers to take money from your bank account
July 10th, 2014
HMRC is seeking new powers to trawl through debtors’ financial accounts and take money directly if significant debts of over £1,000 are owed. This power has been dubbed ‘Direct Recovery of Debts’. The HMRC Business Plan 2014-16 states that ...
New HMRC Anti-Avoidance Rules Could Trigger Insolvencies
July 9th, 2014
A wave of insolvencies could be triggered when HM Revenue and Customs (HMRC) gets the power to force those who have used tax avoidance schemes to pay the disputed money upfront, accountancy firm Moore Stephens has warned. David Elliott, ...
Small business bill: HMRC to share VAT data with credit agencies
June 26th, 2014
Under the guise of increasing access to finance, the government brought forward proposals to make VAT registration data available to third parties in the Small Business, Enterprise and Employment Bill published yesterday. As previewed in the Queen’s speech, the ...
Don’t be conned by ‘e-mails from HMRC’
June 4th, 2014
Nottingham accountant Serena Humphrey is urging businesses to be vigilant of fraudulent e-mails. The owner of F Word financial training company believes companies are continuing to fall victim to the messages, claiming to be from HMRC, in many cases ...
