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HMRC

‘Out of control’ HMRC over-taxes by half a billion

Best Practice | 1 Feb 18

‘Out of control’ HMRC over-taxes by half a billion

HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.

Industry | 31 Jan 18

HMRC powers to scrutinise unexplained wealth go live

“Significant” regulation that requires individuals to explain to HM Revenue & Customs and the Serious Fraud Office (SFO) where their wealth came from has come into force.

HMRC reveals bizarre tax return excuses of 2017

Industry | 19 Jan 18

HMRC reveals bizarre tax return excuses of 2017

Spilt coffee, a wife who sees aliens and vertigo were just some of the excuses HM Revenue & Customs (HMRC) received in 2017 from people who failed to file their tax returns. Click through the slides to see some of the other intriguing excuses and some of the wildly optimistic expense claims the organisation received.

Industry | 12 Jan 18

Paradise Papers and Brexit to ‘batter’ UK taxman

HM Revenue & Customs must urgently set out a coherent plan and demonstrate it is fit for the future as it struggles to cope with its ever-growing workload and limited resources, the UK’s public accounts committee said.

Best Practice | 11 Jan 18

HMRC penalty policy needs urgent clarification

UK taxpayers owning up to past mistakes could face a 10% fine, according to changes to HM Revenue & Customs’ penalty factsheets.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.