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Latest News

Tax amnesties for three more countries

13 April, 2010

Chancellor Alistair Darling has said that they are ready to sign tax information exchange agreements with 3 more countries.

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Bank clearance before Tax payment cheques are registered

09 April, 2010

From the 1st April the HMRC, in an attempt to encourage electronic payments, will not register cheque payments as received, until they have been cleared by the bank.

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The Tax man takes a look at cigarette duty

06 April, 2010

Cigarettes on the table as the HMRC looks into duty being paid.

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HMRC to cut jobs, thus closing the public spending deficit

03 April, 2010

In an attempt to close the gap in the UK's £167bn public spending deficit, the HMRC is preparing to cut 25,000 jobs and close more than 200 offices by 2011.

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Finance Bill 2010

02 April, 2010

The Finance Bill 2010 has been published today, 1 April 2010.

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2010 Budget Key Points

25 March, 2010

Key items from the new budget.

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HMRC could bring in £1bn in retrospective corporation tax

20 February, 2010

The HMRC has achieved a number of big successes during the past year with regards to corporate tax crackdowns.

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The final countdown for online VAT submissions

20 February, 2010

As of April 2010 online filing of VAT will be mandatory for businesses with a turnover of £100,000 or more. The same rule will apply to businesses of any size that register for VAT as from April 2010.

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Organisations that fail to protect client information will face tough penalties

18 February, 2010

Fines as high as £500,000 will come into effect after 6th April for those failing to adequately protect personal information and prevent security breaches.

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Offshore tax claim back gets the go ahead

28 January, 2010

The High Court has given the HMRC the go ahead to claim back millions from UK residents who have their money in tax-haven offshore trusts whether or not they were set up many years ago. The legislation has been introduced with retrospective effect.

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