One change to Business Asset Disposal Relief is already tripping up directors, ahead of another in April that will sting an estimated 264,000.
Alice Haine, Personal Finance Analyst at Bestinvest by Evelyn Partners said: "HMRC may adjust your tax code after you file, so check the change as mistakes can happen. "This series of numbers and ...
For more information, check the HMRC website. Tax returns can be daunting for any business, especially for sole traders or ‘side hustlers’ who may manage their tax affairs without an accountant.
HMRC is to end the 'scandalous' practice of overtaxing pension withdrawals and forcing savers to claim refunds. It has bowed to pressure after pensioners had to reclaim £1.3billion of their own ...
HM Revenue and Customs (HMRC) is to end the “arcane” practice of emergency taxing pensioners on their retirement savings. Almost half a million people have paid too much tax since 2015 because ...
Unfortunately, HMRC applied "emergency tax codes" to these withdrawals, often resulting in pensioners being taxed far more than necessary. As a result, over 470,000 people have had to claim refunds, ...
But HMRC hit back strongly, with Jim Harra, First Permanent Secretary and chief executive of the revenue body describing the committee’s claims around HMRC’s customer service as “completely ...
HMRC has denied running a "deliberately poor" phone service in an attempt to push taxpayers to seek help online instead. Nearly 44,000 customers were cut off without warning after being on hold ...
HMRC is 'deliberately' offering taxpayers poor customer service, according to a report by MPs which found that waiting times have reached record levels. The tax office strongly refutes the report ...
“All of [HMRC’s] customers have a legal obligation to pay their taxes so it has a responsibility to engage with them,” said Sir Geoffrey Clifton-Brown, chair of the public accounts committee.
The tribunal has ordered HMRC and Robson to determine which portion of those earnings stems from image rights, with the remainder subject to additional tax under IR35 rules. Robson’s case, dating back ...