News

March 2012

New taskforces planned to target tax cheats

HM Revenue & Customs (HMRC) is to launch 30 new taskforces to crack down on tax dodgers in 2012-13.

'Avoid early release pension offers' warning

Consumers have been urged to steer clear of offers that claim to be able to provide loans or release tax-free cash from people’s pension pots before they reach the age of 55.

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Penalties on way for late tax returns

Almost one million taxpayers will receive a penalty for filing their tax return late, but the figure has fallen substantially on last year.

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IHT relief on businesses 'safe'

Family business owners have been reassured that the government has no plans to remove a valuable inheritance tax relief.

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HMRC to rethink business record checks

HM Revenue & Customs (HMRC) has announced a fresh approach to its business records checks (BRC) programme in 2012, following a review of a pilot for the scheme.

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