In order to encourage recycling, the government has recently commenced plans to charge people a £50 tax if they throw away too much rubbish.
However, according to Labour this is a ‘negative incentive’ rather than a tax; “This is not akin to a tax. Its technically a tax but…it does not behave like a tax” […]
A tax loophole used by contractors has been closed down with retrospective effect. The loophole used an offshore trust to save tax. However, these contractors will now be faced with massive tax bills going back several years.
Further details can be found on Shout 99.
The Government has announced that it intends charging pensioners more tax on their pension income.
Up to April 2009 pensioners receiving private pensions of up to £1,000 pa enjoyed tax free status. However after April 2009, they will have to pay 20% in tax. There is also a threat that they will seek back […]
The Taxman is warning people who rent their houses out to festivals goers and spectators of sporting events that the income received should be submitted to HMRC.
Paul Aplin, chairman of the ICAEW’s tax faculty said: ‘The taxman is prepared to chase even small amounts of tax and will take evasion of tax on short-term letting […]
Keith Shepherd, a skilled IT consultant, is the sole director and shareholder or his company, Alternative Book Company Ltd. He has recently lost his IR35 case in the Special Commissioners with the result that he now owes HMRC two years tax and NI contributions. The Court concluded the following:
Mutuality of obligations
The Commissioner found that […]
HMRC won this case at the Special Commissioners resulting in a £99,000 tax bill.
However, we understand it is being appealed with the assistance of the Professional Contractors Group (PCG). The PCG say that if this appeal is rejected, the ruling could undermine much of the successful defence against IR35 established by PCG in numerous […]
Please follow this link for details of the increased mileage rates, wef 1 June 2008, that employers can pay to employees with company cars.
Reading the small print has revealed that the cost of tax discs for older, higher polluting cars is going up.
Back in 2006 Gordon Brown said the new Band G rate of taxation (for cars emitting more than 225g/km of carbon dioxide) would only apply to cars registered after 23 March 2006. It […]
Shortly before leaving his post, the head of the Italian tax authorities decided to publish the tax returns (and income details) of everyone in the country.
The website is now closed down, but it did reveal that Giorgio Armani earned £35m whereas Donatella Versace is worth only £1.7m!
For those of you that are interested, or those who want to take issue with HMRC over something, we publish below the charter that the Taxman is supposedly committed to:
You are entitled to expect the Inland Revenue to be fair
By settling your tax affairs impartially
By expecting you to pay only what is due under the […]