HMRC has now published a technical note detailing the way it will deal with Income Tax in Scotland after the Scotland Bill received Royal Assent earlier this year.
Accident claims news
Keeping YOU fully up to date
It will probably come as no surprise to learn that taxation rates are edging up in EU member states. Official data from the EU shows that VAT rates are increasing as are corporate and high earner’s personal income tax rates.
Accountants have said that the government’s proposed changes to child benefit regulations are seriously flawed and could turn out to be an operational disaster.
Accountants and other drivers could soon find their motoring activities taxed in a different way if the government listens to proposals from the RAC.
A plumber from Hampshire was recently given a four-month jail sentence, suspended for 12 months, after Southampton Crown Court found him guilty of tax evasion.
If you thought the top income tax rate in the UK was high, spare a thought for the high earners in France who could shortly be facing a whopping 75% tax bill.
Has the government become embroiled in a major tax avoidance scandal?
If you think your income tax bill has gone up recently, you’re not alone! According to the latest forecast from HMRC, 4.1 million UK taxpayers are now paying income tax at the higher rate.
As I’m sure most accountants will be aware, Glasgow Rangers football club has got itself in a spot of bother with HMRC.
The Revenue has issued an apology to callers who could not get an answer when they telephoned its contact centres following the Easter break.