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Stories that are tagged 'HM Revenue and Customs (HMRC)'

Concern After Uptick In UK Tax Credit Errors

by Amanda Banks,, London

Friday, June 16, 2017

HM Revenue and Customs, the UK tax agency, has reported that tax credit errors in claims from taxpayers have risen by more than a third in the space of a year. Read Full Story


Canada, UK Cooperate In Anti-VAT Fraud Sting

by Mike Godfrey,, Washington

Wednesday, June 14, 2017

The Canada Revenue Agency has announced that investigators from Canada and the UK carried out a number of searches on June 13 in connection with an alleged tax fraud scheme. Read Full Story


Enforcement Tax Yield From UK's Largest Firms Drops

by Jason Gorringe,, London

Thursday, June 8, 2017

Investigations by HM Revenue and Customs into the corporate tax affairs of the UK's largest businesses yielded an extra GBP2.6bn (USD3.3bn) in revenue last year, according to figures obtained by international law firm Pinsent Masons. Read Full Story


Automatic Exchange Of Information Deadline Approaching, Says HMRC

by Jason Gorringe,, London

Tuesday, May 23, 2017

UK tax authority HM Revenue and Customs has said that the deadline for submitting Automatic Exchange of Information returns for the year ended December 31, 2016, is May 31, 2017. Read Full Story


UK Firms Seek Tax Certainty From Next Gov't

by Jason Gorringe,, London

Tuesday, May 16, 2017

The next UK Government should instruct HM Revenue and Customs (HMRC) to issue a 'white-list' of acceptable tax planning arrangements, Stephen Herring, Head of Taxation at the Institute of Directors said. Read Full Story


UK Legislates For Broader Automatic Tax Information Exchange

by Jason Gorringe,, London

Thursday, May 4, 2017

HM Revenue and Customs has updated the International Tax Compliance Regulations to include provisions on new automatic tax information exchange agreements and to clarify how non-compliance penalties will apply. Read Full Story


New Report Estimates UK VAT Lost From Online Sales

by Jason Gorringe,, London

Thursday, April 20, 2017

Online VAT fraud and error cost the British taxpayer between GBP1bn (USD1.3bn) and GBP1.5bn in lost tax revenue in 2015-16, according to a new report from the National Audit Office. Read Full Story


HMRC Updates Pay As You Earn Rules

by Jason Gorringe,, London

Tuesday, April 11, 2017

HM Revenue and Customs is updating the way it collects Pay As You Earn income tax to address inefficiencies in the system that result in eight million taxpayers a year paying the wrong amount of tax. Read Full Story


UK Tax Man Goes After Image Rights Tax Avoidance

by Jason Gorringe,, London

Monday, April 10, 2017

The UK tax agency is to visit major league soccer clubs to discuss tax avoidance through image rights. Read Full Story


UK Must Not Repeat 'Catastrophic' Tax Credit Contract

by Jason Gorringe,, London

Monday, April 10, 2017

The Public Accounts Committee has called on HM Revenue and Customs to learn lessons from its failed contract with private sector firm Concentrix. Read Full Story




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