Taxman Archives | Taxfile

It’s official: thousands are on the wrong tax code!

Mark — Thu, 30 Jan 2014 14:10:19 +0000

With the tax return deadline being only hours away (midnight 31 January 2014) there is still time to get professional help if you need it – particularly because HMRC often get it wrong according to new research by UHY Hacker Young. In just one example, HMRC sent a tax bill to a pensioner which demanded […]

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HMRC’s fight against tax avoidance is bearing fruit

Mark — Wed, 15 Jan 2014 14:04:09 +0000

HMRC has reported that it raised an extra £20.7 billion in additional revenue during the financial year 2012-13, a result of its continued push on tax compliance and anti-avoidance measures. That’s an increase of £2.1 billion on the preceding year and is actually £2 billion above its original target. This information comes hot on the […]

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HMRC now has landlords in their sights

Mark — Wed, 23 Oct 2013 14:57:51 +0000

HMRC (Her Majesty’s Revenue & Customs) has announced some new initiatives over the course of the last month and one of these is The Let Property campaign which is a campaign designed to recover undeclared tax from those receiving income from residential property lets. The idea is to encourage those landlords with under-declared income or […]

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Use of Home as Office

Taxfile — Sun, 06 Jul 2008 09:09:00 +0000

If you are self-employed, there is a type of relief called use of home as office that can be offset against your tax liability. If you run your business partially from home you can could set a proportion of your home running costs against income tax.What sounds like a very easy task for any tax […]

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