Investigations by tax inspectors have collected a record £23.9bn over the last year, according to official figures.
The total was £3.2bn more tha.. Read more
Contractors being subjected to unnecessary checks by agencies
Probably not unexpectedly, the new Agency Legislation is already wreaking havoc amongst some agencies and causing knee jerk reactions.
The legislation, enshrined in Chapter 7, Part 2, Income Tax (Earnings and P.. Read more
HMRC have recently launched 'The Second Incomes Campaign', aimed at employees who are UK resident and running a business on the side but not paying tax on the income. A second income could derive from:
consultancy fees, e.g. for providing training
organising parties.. Read more
Cutting the top rate of income tax has massively increased the amount of money the rich are paying into government coffers, says a senior Tory MP. John Redwood points to figures from HM Revenue and Customs that show a £9bn increase in tax receipts this year - after the top rate was cut to 45%.
.. Read more
This article summarises tax changes to be legislated in relation to Anti-avoidance in Finance Bill 2014 and/or other legislation, including secondary legislation having effect in 2014-15.
Offshore employment intermediaries –
As announced in Budget 2013.. Read more