Early glitches in the new Real Time Information (RTI) reporting of weekly and monthly payroll submissions have led many workers to be issued incorrect tax codes from the HMRC. As a result, many workers will end up paying too much tax until they or their...
During the 2012-13 tax year, many either unpaid workers (interns) or low paid workers earning below the national minimum wage have received what they are due after numerous investigations by the HMRC:- More than 26,000 workers denied the national minimum wage by unscrupulous employers have received...
Any taxpayers who have still yet to file their tax return for the tax year ended 5th April 2012 will be issued stiff penalties from the HMRC. All tax returns for the 11/12 tax year should have been filed by the 31st January 2013....
The HMRC estimates that over 5 million pounds of tax on property income is lost each year by private landlords failing to disclose their income and thus evade tax. A new crackdown on these individuals starts in the South East:- Around a third of buy-to-let...
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...