Revenue takes £2,000 from salaries to chase debts

New powers for HM Revenue & Customs will see £2,000 a year from taxpayers’ salaries deducted to recover tax debts, in a move that accountants fear could cause taxpayers serious financial hardship and leave other creditors out of pocket.

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HM Revenue and Customs has been criticised for guidance it has released to assist homosexual and transgender taxpayers. The 20-page document has been labelled by critics an unnecessary use of taxpayers’ money. It advises people in civil partnerships about their tax allowance and inheritance tax thresholds. For example, a man who would normally be eligible [...]

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ACCA wants water to be taken seriously

Water footprinting should be taken more seriously by businesses. Carbon emissions accounting and reporting is a practice already underway, or at least under discussion, in most entities. But how about water footprint accounting? It seems the Association of Chartered Certified Accountants (ACCA) wants to get a jump on things and is calling for accountants to [...]

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Taxman defends debt retrieval priorities

Judith Tydd, Accountancy Age, Thursday 18 June 2009 at 18:27:00 HMRC CEO admits the collection of smaller tax debts is not a top priority, as redundancies have resulted in a revision of debt collection and staff are now being redeployed into debt management The CEO of HM Revenue & Customs has admitted that collecting tax [...]

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MPs and P11Ds

I see from today’s papers that the tax payers alliance are trying to get MPs prosecuted. http://www.taxpayersalliance.com/campaign/2009/06/private-prosecution-ge… Shouldn’t HMRC start with prosecutions and fines on the Fees office staff who failed to submit P11Ds?

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