The lifetime allowance for pension savings will reduce to £1.5 million from £1.8 million on 6 April.
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HMRC have made a call that is likely to please any working taxpayer who uses an iPhone or one its rivals for his or her job.
HMRC are set to axe a longstanding regulation concerning National Insurance (NI) paid by schools and similar organisations in respect of freelance teachers, lecturers and those in a similar capacity.
HMRC are extending the range of their alternative dispute resolution (ADR) process, currently in a trial phase, which aims to provide small and medium enterprises (SMEs) with an additional route through which to settle tax disputes in compliance checks.
Taxpayers who have claimed Mansworth v Jelley [2003] STC 53 losses are being invited to withdraw their actions. The taxman is sending the request in writing and asking for a response within 40 days.
HMRC’s anticipated tax ‘amnesty’ for electricians was launched today, a month later than scheduled.
The United States’ Treasury and Internal Revenue Service (IRS) have issued regulations relating to the Foreign Account Tax Compliant Act (FATCA), which aims to combat cross-border tax evasion.
The chairperson of the House of Commons’ public accounts committee was ‘gobsmacked’ at the amount of tax that went uncollected during 2009/10.
The Liechtenstein disclosure facility (LDF) has been extended for a year, after being consolidated by the signing of taxation agreement (DTA).
HMRC have been imbued with a new power to tackle businesses that are highly likely to evade their employment tax obligations. And the taxman is to launch a campaign against failure by high-earners to submit returns.