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Category Archive for: ‘HMRC Investigation’

HMRC’s £24bn from tax crackdown looks bogus

Private Eye Figures HMRC

Last month HMRC said they were getting some amazing results, despite staff cutbacks they were pulling in £24 billion in taxes – that is nearly £1bn higher than the target set by George Osborne in the Autumn Statement in December. The mainstream media (including the BBC) printed the press releases unquestioningly. But all is not as it seems. Since 2011/12 …

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Taxpayer wins appeal against ‘careless’ penalty

Hmrc Hm Revenue Customs 700x45 660

A taxpayer has won an appeal against a careless inaccuracy penalty for omitting information about his employment income in his online tax return. His argument was that HMRC’s online filing software was to blame. In the case of Andrew Banks v HMRC, the taxpayer was charged a penalty for “careless inaccuracy” after omitting just over £200,000 employment income from two …

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Prostitutes and drug dealers are to be included in official GDP figures

Cash

The British economy is set to receive a £10 billion boost – on paper, at least – as the country revamps the way it calculates its GDP to include prostitution and illegal drugs in its official national accounts. Our economy is in real trouble – of course running the country is complex but the bottom line is that when you …

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Just say no!

Too Much Power

HMRC’s very worrying plans to extract cash from taxpayers’ bank accounts Keith M Gordon talks about HMRC’s grab for more power in Taxation magazine. KEY POINTS No independent arbiter proposed, only “safeguards”. Risk of unfairness particularly with joint accounts. Lack of clarity about previous contact with taxpayers. Sufficient powers are already in place. The possibility of injustice outweighs the alleged …

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HMRC claims £24bn from tax crackdown

HMRC Cracking Down

HMRC has claimed it increased its tax take by 15%, up £3.2bn on last year, bringing in a record £23.9bn from “increased activity” on unpaid tax. The Revenue said the haul was a result of its crackdown on large scale tax avoidance schemes, where more than £8bn came from large business, £1bn from criminals and £2.7bn from tackling avoidance schemes …

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New indiegogo campaign launched today

Yourmessage

I’ve just launched an indiegogo campaign for the new tax ebook on penalties. If you can’t see a perk that you like let me know and I’ll add it in. http://igg.me/at/tax-hell/x/7076258

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