New HMRC powers granted Royal Assent

The Finance Bill 2014 has received Royal Assent, bringing in controversial new powers for HMRC including accelerated payments notices (APNs) and follower notices on tax avoidance schemes. The Finance Bill 2014 was granted Royal Assent on 17 July and is now the Finance Act 2014. The in
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English councils propose ‘Tesco tax

Interesting article on the BBC site about a group of local councils that are formally asking the government for new powers to tax large supermarkets. http://www.bbc.co.uk/news/business-28495631
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HMRC investigations: the power of Connect systems

Over the next few postings we’ll be highlighting the power of the investigative tools available to HMRC, so for today, we’ll introduce their “Connect” system. Connect is HMRC’s strategic risking tool that cross-matches over one billion internal and third-party data items and
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More positive words on growth forecast

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast. UK GDP growth will hit 3.1% this year, spurred by strong capital investment by businesses, the EY Item Cl
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HMRC Investigations

Taxpayers who are being investigated by HMRC for suspected tax fraud now don’t have the option of co-operating with the investigation while denying wrongdoing under new guidance. Denial was one of three options for taxpayers when HMRC decided to investigate for suspected fraud u
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Landlords – enforcing an Order for Possession at a County Court

If you have been granted an Order for Possession but the tenant is still in occupation and you want them out as soon as possible, what do you do? Under Section 42 of the County Court Act 1984, it is possible to transfer an Order for Possession granted by the County Court to a High Cou
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Payroll penalties

HMRC has sent about 12,500 penalty letters in error to employers who had filed their payroll returns for 2013 to 2014. The Revenue said nearly 10% of penalty letters sent were to employers who had filed their PAYE information for the tax year ending 5 April 2014 because its computer s
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National Minimum Wage

Employers who failed to pay NMW named Twenty five employers who failed to pay their employees the National Minimum Wage (NMW) have been named. According to the press release the employers owed workers more than £43,000 in arrears and in addition have incurred financial penalties tota
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A Snowball is a cake

A first tier tax tribunal in Edinburgh has ruled ‘snowballs’ should be classed as cakes and therefore be zero-rated for VAT. In the tribunal decision published last week, [Lees of Scotland & Thomas Tunnock v Revenue & Customs], the court found that a snowball does not have
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