According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts.
According to data released by HM Revenue & Customs (HMRC) inheritance tax (IHT) payments have hit a record high.
Every April and May, taxpayers are inundated with fraudsters purporting to be HM Revenue and Customs (HMRC). Refund scams circulate as it coincides with HMRC legitimately processing tax rebates.
The presenter of television show Loose Women, Kaye Adams, has become the latest TV personality to win a case against HM Revenue & Customs (HMRC) over her employment status.
As of today, UK based businesses that have a taxable turnover above the VAT threshold of £85,000 will be required to switch to the new digital tax service to report earnings and calculate VAT owed.
HM Revenue & Customs (HMRC) has warned that registration for Making Tax Digital (MTD) for VAT will take up to seven days to complete and will not be a real-time service.
Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion.
The Colombian singer, Shakira whose estimated wealth is £176 million, is being investigated on suspicion of committing six separate counts of tax fraud against the Spanish Treasury totalling more than £12.5 million (€14.5 million).
According to the latest figures released by Office for National Statistics, income from taxes surpassed public spending by £14.9 billion, which has resulted in the Government’s largest January surplus since records began in 1993.