HMRC is stepping up its existing powers to seize assets for unpaid VAT bills. HMRC has used its powers of ‘distraint’ to seize the assets of businesses in order to recover VAT from businesses that have failed to meet this tax obligation. According to finance provider Syscap,...
Ebay sellers receive tax warning Commercial traders are becoming a bigger feature of Ebay Sellers on the auction website Ebay are being warned to check if they need to register as self-employed with HM Revenue and Customs (HMRC) and pay tax. Research suggests that about 68,000 people make...
Budget 2012: MPs promise to fight 'pasty tax' Most food and drink is zero-rated, but takeaway food sold to be eaten hot is subject to VAT at 20% The plight of the humble pasty has been raised in the House of Commons after the chancellor announced plans to...