HM Revenue & Customs (HMRC) has won a key court case defeating a widely-marketed scheme to avoid stamp duty land tax. The decision, subject to any appeal, could save more than £170 million for the UK Exchequer.
HM Revenue & Customs (HMRC) has won a key court case defeating a widely-marketed scheme to avoid stamp duty land tax. The decision, subject to any appeal, could save more than £170 million for the UK Exchequer.
While the majority of UK taxpayers pay the tax they owe, a small minority are intent on ignoring their legal responsibility to register all their business activity and pay the tax due on it. This briefing explains how we tackle those who don’t register all their business activity and work within what we call the ‘hidden economy’.
From April this year, the way that employers report PAYE (Pay As You Earn) tax, national insurance and other payroll deductions to HMRC is changing. This briefing provides background information about the changes and explains what we are doing to help employers get ready for the new way of reporting PAYE.
HMRC assesses its performance against a range of compliance, operational and customer service measures. This issue briefing looks at our performance against our forecasts and targets.
This briefing explains how the new funding will secure around £2 billion in additional revenue, taking HMRC’s total compliance revenues to around £22 billion by 2014-15.
