In a bizarre attempt to create positive PR for HMRC, Channel 4 has been given unprecedented access to HM Revenue and Customs as they pursue tax evaders and collect unpaid tax. Tiger Aspect Productions, the production company behind Mr Bean, will be filming HMRC staff as they target the so-called high risk sectors: the building trade, health sector, off-shore bank Continue Reading
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Treasury hungry for ideas
George Osborne is delivering his Budget speech Wednesday of this week. It will be interesting to see if his plea for ideas to help smaller businesses has received a sympathetic ear. Here’s what a number of organisations have requested: British Chambers of Commerce The BCC have made three recommendations: A £100m scheme to pay businesses £1,000 if they hire long Continue Reading
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HMRC still can’t tell the difference between tax evasion and avoidance
Just in case you have missed the news – that HMRC are stepping up their campaigns to stop tax avoidance and evasion – you may be interested to read the following quotes from HMRC and the Treasury: “Issue The difference between the revenues that in HM Revenue & Customs’ (HMRC) view should come in, and the total actually collected Continue Reading
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Budget speculation
Speculation is rife that George Osborne is under pressure to pre-empt possible interest rate increases next year by offering tax cuts in the forthcoming Budget announcements on 19 March. Polling day for the 2015 general election is 7 May so an announcement to increase the basic personal allowance (presently £10,000) may be an option as this would feed into taxpayers’ Continue Reading
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