Tax News Archive

News articles previously shown on our site. Click to show the full article.

Tax Help for Older People
Pilot scheme introduced to assist older people with tax matters.

Filing by Internet
It is intended that from 2008 the filing deadline for Self Assessment tax returns will be shortened.

An Accountant For Life
A survey has shown that the average owner-managed business is more likely to divorce their spouse than their accountant.

Limited Company Service
TWD Accountants, the tax and accountancy specialist for the small business, can now provide a fixed fee accountancy service for the small, owner-managed Limited company.

September Tax Deadline Misleads Many
Are you filling in a self-assessment tax return and worrying about the 30 September deadline? Along with many of Britain's taxpayers you could save unnecessary worry by ignoring it.

Revenue Defeated in Husband-Wife House of Lords Tax Case
Geoff and Diana Jones, a husband and wife in business were facing a tax bill up to £50,000 had they lost their case against HMRC. It would also prevented the possibility of retrospective tax bills for thousands of family businesses.

Has the Chancellor gone a tax increase too far?
As is usual, the Chancellor's recent pre-budget report contained a number of contentious announcements. Not least of these were his comments regarding Capital Gains Tax. CGT is at present a complex system and his plan is for a radical simplification of it

Revenue errors could cost Government millions after builder wins fight to sue
Serious errors in the handling of builder Neil Martin’s tax affairs by HM Revenue and Customs lost him up to £500,000, taking him almost to the brink of bankruptcy. The appeal court has upheld his right to sue HMRC for their mistakes.

HMRC Chief Resigns After Security Breach
Paul Gray, Chairman of HM Revenue and Customs is to stand down after the bank records of potentially millions of taxpayers are believed to have been subject to a major breach of security.

Is Our Darling For Turning?
Following his proposed Capital Gains Tax reforms approbation was laid, some feel rightly, at the Chancellor’s feet. Has he now cracked? Will he be an iron chancellor, or is he already showing himself to be made more of putty?

“Dithering” Darling Delivers Perplexing Present
Yesterday, Chancellor Darling reneged on his undertaking to sort out the CGT reform fiasco, leaving an uncertain Christmas for many.

Tax Deadline Disruption Ahead as Revenue Staff Vote on Strike Action
If you are one of the estimated two million taxpayers who will be submitting a Self Assessment Tax Return just before the January 31 deadline, you may be in for a shock to find Revenue staff are not on hand to accept it.

Capello Investigated for Tax Fraud
It has been revealed by Italian newspaper Il Giornale that new England boss Fabio Capello is under investigation for evading tax. Coming merely weeks after his appointment, understandably the FA have tried to play the matter down.

File your Tax Return by 31 January or Pay the Penalty
Figures released by HM Revenue and Customs seem to show that people are still waiting until the last minute to send in their returns, although many are taking advantage of Online Filing.

Chancellor Backs Down on Tax Reform
Chancellor Darling today announced a revised version of the Capital Gains Tax reforms introduced as part of his October pre-budget speech. Bowing to pressure, he confirmed there would be an “entrepreneurs’ relief” available to owners or investors in

HMRC To Waive Fines
Following the crash of its online Self Assessment filing system last week, HM Revenue and Customs has generously conceded that it will rescind the £100 late filing penalty for those affected.

Revenue Denies Landlords’ Tax Crack Down
HM Revenue and Customs has been forced to issue a statement denying that there is to be a clamp down on Landlords who do not declare income from letting properties.

Costa Lotto? Spanish forced to repay illegal tax as expats win court battle.
A British couple are celebrating victory after it was found that capital gains tax charged when selling their Spanish property was over twice the amount paid by Spanish residents.

Can your small business get free money from the government?
In a move that shines a light on the massive payouts being made to the ailing banks, HMRC have announced a cash giveaway to employers with less than 50 employees.

Revenue's antiquarian computer system reaches critical mass
It has been reported that by March 2008 over 16 million PAYE cases were awaiting manual review by HMRC staff. The question is: how can this happen in today's technologically advanced world?

Restaurant owners get their just desserts?
Bar staff and restaurant workers have been given a hand from an unlikely source.

Stephen Hawking Labels EU Tax 'Disgraceful'
Professor Stephen Hawking has called an EU tax on mobility scooters 'simply disgraceful'.

Go back to main news page

Tax information provided by :