The ‘tax gap’ increased to £42 billion in 2008/09, according to HMRC’s latest estimate.
Tax credits claimants who wish to authorise a tax adviser to deal with HMRC must complete a separate form 64-8, HMRC said, if the authority was not specified on ‘the original form 64-8’.
The ICAEW Tax Faculty has warned that compliance and information obligations arising under revised proposals for the restriction of pensions tax relief are ‘likely to make many more employers, at least in the private sector, consider closing their defined benefit schemes to future contributions,
The Chancellor has told MPs that they will be ‘pretty staggered’ by new, independent estimates of the tax gap.
Taxpayers who have PAYE underpayments of more than £2,000 and contact HMRC to discuss their circumstances will not be charged interest on late payment, HMRC officials have told MPs.
Dave Hartnett, HMRC’s Permanent Secretary for Tax, is set to be questioned by the House of Commons Treasury Committee today on HMRC’s operation of the PAYE system.
When Dave Hartnett, HMRC’s Permanent Secretary for Tax, told the BBC’s Paul Lewis that he was not sure that he saw a need to apologise, he was responding to an invitation to ‘apologise to the six
The Chairman of the All-Party Parliamentary Taxation Group accused the UK’s senior tax official, Dave Hartnett, of arrogance after Hartnett claimed in a radio interview broadcast on 11 September that there was no need to apologise over the scale of PAYE over and underpayments.
Leading tax bodies have criticised HMRC’s decision to withdraw or suspend, without prior consultation, the issue of agent’s copies of forms sent to taxpayers.
HMRC will not pursue cases where the amount owed is less than £300, which account for 40% of all underpayments, David Gauke told MPs.