A failure by HM Revenue & Customs (HMRC) to reduce errors and fraud in the tax credit system has "cost the taxpayer dear", a group of MPs said, after the tax authority admitted it would miss its target by £5bn.
A spate of professional negligence claims have been lodged against the promoters of tax avoidance schemes - including advisers - following a clampdown by HM Revenue & Customs (HMRC), according to Reynolds Porter Chamberlain (RPC), the City law firm.
This is a time of year when many people are focusing on tax allowances, exemptions and relief as well as focusing how they can save, invest, tighten financial belts and generally speaking have a good old fashioned spring clean of personal and family finances.
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HMRC's crackdown on second homeowners who sell up without paying Capital Gains tax on profits will catch out tax avoiders unless they declare before the summer, warned an accountant.
HM Revenue and Customs (HMRC) is to close its 281 tax enquiry centres in 2014 and pilot a new support service from June.
HM Revenue & Customs is launching a campaign today targeting people who sold second homes without declaring any profits made to the taxman.
Shares in banking giant HSBC reported profit before tax of £14bn ($20.6bn) in 2012, down 6% on 2011.
A group of Conservative MPs are set to publicly warn that a radical change of economic strategy is essential to revive the economy, the Telegraph reports.
The Liberal Democrats are considering whether to extend their 'mansion tax' policy to cover other properties, including second homes.
Labour party leader Ed Milliband has promised to introduce a new ‘mansion tax’ to fund a reintroduction of the 10p tax rate if his party wins the next election.
Labour leader Ed Miliband is set to condemn the government's decision to scrap the 50p tax rate in a wide critique of the coalition's economic policies, as the political battle lines are drawn ahead of next month's Budget.
A former Honister Partners adviser has pleaded guilty to evading tax in a case brought by Her Majesty's Revenue & Customs (HMRC).
Barclays is set to close its 'tax avoidance' unit and announce a series of job cuts in its annual results, according to reports.
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