News

16 Jun Coding out debts rules

The coding threshold entitles taxpayers to have tax underpayments collected via their tax code, provided they are in employment or in receipt of a UK-based pension. The coding applies to certain debts such as self-assessment liabilities, tax credit overpayments and outstanding Class 2 NIC contributions....

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16 Jun Office of Tax Simplification

The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the Chancellor on simplifying the UK tax system. Its wider objectives are to reduce compliance burdens on both businesses and individual taxpayers. To do this, the OTS will draw together expertise...

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16 Jun Repayment of student Loans

Student Loans are part of the government’s financial support package for students in higher education in the UK. They are available to help students meet their expenses while they are studying, and it is HMRC’s responsibility to collect repayments where the borrower is working in...

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09 Jun Big drop in VED receipts

The use of paper tax discs for cars was first introduced back in 1921. In October 2014, the requirement to display a motor disc on a vehicle windscreen was removed. Cars are now checked against the DVLA's electronic register which the public can use to check the...

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09 Jun Let property campaign

HMRC’s let property campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities whether due to misunderstanding the tax rules or because of deliberate tax evasion.

There...

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