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I was interested to read this recent article about how HMRC are requiring people to ‘cough up’ additional amounts of tax based on what is in the majority of cases almost certainly inaccurately inflated estimations of future earnings. In short, it is what has happened in my case, involving a frighteningly large amount based on … Read more
Tax deadline put back a month: HMRC relaxes rules on tax returns amid fears coronavirus pandemic could lead to late filings and millions of fines HMRC still expects all tax payers to file their returns by Sunday but those who do not file by February 28 will no longer receive a £100 penalty The relaxation … Read more
A taxing time for all: HMRC must learn when it’s time to show a little leniency, says BEN WILKINSON By Ben Wilkinson for the Daily Mail Published: 22:00 GMT, 19 January 2021 | Updated: 22:00 GMT, 19 January 2021 Deadlines are useful tools. Without them, a lot of us wouldn’t get things done. And the … Read more
Tax return time: HMRC issues scam warning, as self-assessment deadline looms and millions still haven’t filed 5.4m taxpayers had not completed their return as of last week HMRC warns people to look out for copycat websites and phishing scams Around 2,700 taxpayers filed their self-assessment return on Christmas Day By Ed Magnus For Thisismoney.co.uk Published: … Read more
Charged a tax bill for savings interest you weren’t paid? HMRC is still estimating earnings based on previous years despite 2020’s plunging rates Basic rate taxpayers can earn up to £1,000 a year in interest tax-free Coupled with falling rates it means 95% of savers don’t pay tax on their returns However a Cambridgeshire man … Read more
Tax bills for savings interest you weren’t paid? HMRC still estimating earnings based on previous years despite 2020’s plunging rates By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 22 December 2020 | Updated: 22:25 GMT, 22 December 2020 Savers are facing baffling tax bills for interest they haven’t actually earned. HMRC estimates how … Read more
Companies repay nearly £400m in furlough cash as HM Revenue & Customs says it expects to investigate 10,000 over abuse of the huge bailout HMRC and Treasury officials gave evidence to MPs about huge Covid bailouts HMRC’s Jim Harra revealed that £382million of furlough has been repaid so far The department expects to investigate 10,000 … Read more
HMRC admits missing all call waiting time targets this year as inquiries surged amid the pandemic HM Revenue & Customs ‘did not deliver customer service we would have liked’ It conceded these problems were likely to continue to hamper service next year Call wait times started rising in March and peaked at 14 minutes 59 … Read more
Three men have been arrested over alleged fraud linked to Rishi Sunak’s ‘Eat Out to Help Out’ scheme. The men were arrested at their London addresses yesterday as part of an HMRC fraud probe into the use of the discount offer – which allowed diners 50 per cent off sit down meals. It was widely … Read more
HMRC has refused to name all of the companies who benefited from £41bn in furlough cash support during the first lockdown, citing confidentiality laws. A Freedom of Information request to name each company to use the wage support scheme in the first six months of the Covid-19 pandemic has been refused. Business giants including McDonald’s, … Read more