While its big-ticket programmes require significant extra funding, the tax agency at least expects to save £28m a year after ...

The Accelerated Settlement Taskforce and its Technical Group have been developing a plan to move to faster settlement of securities trades on financial markets.

HM Revenue and Customs says the majority of people submitted their self-assessment tax forms by the January 31 deadline but ...

In GBN vs HMRC, the products in question were three varieties of “powdered vegan food supplement”, which were marketed under ...

The head of a Scottish private school has said Labour’s decision to exempt US military personnel from paying VAT on private school fees is “troubling” and underlines “inconsistencies” with the policy.

However, you may choose to register before reaching the threshold. In addition to charging VAT on your supply of legal services, when accounting to HM Revenue and Customs (HMRC), you can offset any ...

HMRC is to end the 'scandalous' practice of overtaxing pension withdrawals and forcing savers to claim refunds. It has bowed to pressure after pensioners had to reclaim £1.3billion of their own ...

The problem occurred after HMRC opted to tax someone’s first withdrawal on a “Month 1” basis ... wasn’t reclaimed by filling in the right form within 30 days, savers were left to rely ...

Unfortunately, HMRC applied "emergency tax codes" to these withdrawals, often resulting in pensioners being taxed far more than necessary. As a result, over 470,000 people have had to claim refunds, ...

But HMRC hit back strongly, with Jim Harra, First Permanent Secretary and chief executive of the revenue body describing the committee’s claims around HMRC’s customer service as “completely ...

HMRC has denied running a "deliberately poor" phone service in an attempt to push taxpayers to seek help online instead. Nearly 44,000 customers were cut off without warning after being on hold ...

“All of [HMRC’s] customers have a legal obligation to pay their taxes so it has a responsibility to engage with them,” said Sir Geoffrey Clifton-Brown, chair of the public accounts committee.