Archive for the ‘News’ Category

Shock Horror! HMRC Helplines Found Lacking by Which?

Cartoon man on hold

If you’ve ever had grounds for calling HMRC’s helplines, it probably won’t come as much surprise that they’ve not got a reputation for being particularly helpful. But it’s always nice to see confirmation of a fact you’ve long suspected true. HMRC’s tax helplines have labelled a ‘lottery’ in a recent survey because nearly a third of…

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Autumn Statement 2014: The Full Breakdown

George Osborne Smiles - Autumn Statement 2014

Contents For quick navigation through this post, please click on the links below. Introduction Economic background Stamp duty and property Personal tax Pensions and savings Business tax Tax avoidance and evasion Other measures Main income tax rates and allowances National insurance contributions Introduction The Autumn Statement looked very like a mini-Budget, with several major new…

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The Autumn Statement 2014: A Quick Look

George Osborne Delivers The Budget

From major stamp duty reforms to a “Google” tax, the contents of his announcement have been labelled “a repeat of old excuses” by some and “very political” by others. Ed Miliband tweeted that it was indicative of how the Cameron and Osborne have failed to promote economic recovery. Most of us thought that the Chancellor’s stated…

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November Tax News in Summary

Want a convenient roundup of the most important tax news in Novemeber 2014? Then read on… Patent box relief may end – The UK has agreed to put forward a proposal to close its patent box tax break, which allows income from the commercial exploitation of intellectual property (IP) to be taxed at 10%, in a…

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National Audit Office Criticises HMRC Over Tax Relief Schemes

national-audit-office-criticises-HMRC

According to Whitehall’s official spending watchdog, billions of pounds’ worth of tax might be lost forever because of government failings. The National Audit Office released a report on Friday that labelled HM Revenue & Customs’ management of nearly 400 tax relief schemes as inadequate. Margaret Hodge, who is currently chair of the public accounts committee,…

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