HMRC publishes rules for accelerated tax payment

HMRC has published details of the new rules governing the use of accelerated payments.

Under the new scheme individuals and businesses who use tax avoidance schemes will have to make upfront payments of tax in case of dispute. (more…)

Over 5 million Brits caught by tax miscalculations

Around 5.5 million people have paid the wrong amount of tax, with a significant number facing further payments to HM Revenue & Customs in order to make up the difference, according to numbers revealed by the taxman. (more…)

HMRC crackdown on tax dodgers nets record revenues

HMRC has secured record tax revenues by cracking down on tax dodgers.

The additional tax – the tax that HMRC secures as a result of its investigations, on top of the tax collected from those who pay their taxes on time – is up £3.2 billion on the previous year, up £9 billion on three years ago and nearly £1billion above the target set at Autumn Statement 2013. (more…)

Landlords offered online tax training

Landlords are being offered online training in tax matters from HM Revenue and Customs (HMRC) as part of its Let Property Campaign.

As well as the online tax training, HMRC has also started writing to about 40,000 landlords about their tax. (more…)