Tax

tax

Apple to be fined billions over tax?

Apple and Ireland have had an interesting relationship when it comes to paying tax, and as a result of this, the tech behemoth is looking at a fine which could end up in the billions. There are claims that Apple have had preferential treatment from Ireland, and now, they could be asked to pay it…

Tax problems with pension freedom

New pension freedoms bring their own set of problems, and some people have been slapped with unexpected bills after unlocking some of their money from their savings. This is according to Citizens Advice, who add that some people are also looking at reductions in welfare thanks to the income they're getting after they release funds…

HMRC warned over understaffing tax helplines

MPs have warned HMRC about understaffing their tax helplines, saying that they can't risk a “collapse in customer service", amid a digital revamp. The public accounts committee has told the tax office not to "underestimate the demand for telephone contact", as HMRC look to cut costs of the personal tax services by 34% by 2021.…

Taxman doesn't want you asking about Brexit

More Brexit news (sorry, it really isn't going away any time soon), and this time, to HMRC. They've had to put a message on their answering service in a bid to deter everyone from ringing them up about about the result of the EU Referendum. If you call the tax office, you'll be told: "There…

HMRC quality of service 'collapses'

Everyone likes hating the tax man... and this article will be no different. A report has found that the quality of service provided by HM Revenue and Customs (HMRC) for personal taxpayers has "collapsed" thanks to staff cuts. The National Audit Office (NAO) said that HMRC has got appalling timing, and that they got it…

Supermarkets pledge to pass on Tampon Tax savings

Britain's supermarkets, known as the Big Four - which is basically Sainsbury's, Tesco, Morrisons, and Asda - have said that they're going to pass on the full savings to customers when 'Tampon Tax' is removed. You may be aware that sanitary products have a 5% VAT on them, and seeing as they're pretty much indispensable…

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Beware the tax rebate scam!

Beware the tax rebate scam!

Another day, another scam - this time, one regarding a tax rebate which appears as a text message on your phone. The message claims to come from HM Revenue and Customs, but obviously, it isn't. And the thing is, the website it takes you to is a very, very good copy of the official HMRC…

HMRC not doing enough to stop tax fraud

HM Revenue & Customs have been accused of not doing nearly enough to stop tax fraud, as well as "only limited progress" in reducing the UK's tax losses. This is according to the House of Commons’ Public Accounts Committee (PAC), on one of the hottest topics at the moment. The PAC said that HMRC’s reporting…

New tax-free savings are almost here

With a week to go until the new personal savings allowance kicks in, do you know how it’s going to affect you? Or is the piddly amount of interest you might earn not really worth bothering about? Described as one of the biggest changes in personal finance this year (along with the new dividend taxation rules),…

Council tax bills hiked as many struggle to pay

It’s that time of year again when everyone’s favourite household bill- Council Tax- starts landing on the doormat. However, what was missing from George’s budget last week (or the preceding Autumn Statement) was any reference to the coalition’s policy of capping Council Tax increases at 2%. This means that council tax rises are no longer…

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Tampon Tax, to vanish

Tampon Tax, to vanish

The controversial tampon tax (which is not actually a tax, before you start - you know what it's getting at) could well be scrapped, after the Government struck a deal with the bigwigs in Brussels. 5% is added onto the price of tampons and sanitary towels, which happens to be the lowest VAT rate allowed under EU…

National Insurance shake-up could leave millions worse off

Looks like there's going to be a shake-up with our National Insurance, and sadly, it means that millions of people could end up out of pocket. A report referred to the system we've got now as "no longer fit for purpose", and the new proposals could see those in low-paid jobs worse off. So what…

Facebook to start paying more tax in UK

Tax news now, and Facebook are looking like they're going to pay millions of pounds in tax to the British Government, after being slated about this thorny issue for ages. The social network will stop channelling money through Ireland, as some of their biggest advertisers will now be taxed in the UK. In 2014, Facebook paid…

Sugar tax delayed 'til summer

The government were all set to publish their strategy regarding childhood obesity, which featured their ideas on sugar tax, but they've decided to put it off until the summer, just in time for everyone buying Calippos. The Department of Health said that there's more work to be done, and obviously, David Cameron is a bit…

Don't forget to file your tax return!

It can't have escaped your notice that interminable January is, in fact, about to terminate. Good news for many, but the 31 January also happens to be the last date for filing your 2014/15 Self Assessment tax return, or face a £100 penalty. If you have been issued with a tax return, you will automatically…