Taxpayers warned over rebate claim agents Taxpayers have been warned to beware of online agents that offer to help them claim rebates from HMRC, with experts saying some firms appear to be taking advantage of tax relief payments owed to people forced to work from home during the pandemic. Analysis of some of the agents’ websites suggest applicants could receive hundreds […] By Lisa Brownlow, 3 March 2022
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New No 10 policy chief says tax cuts are a priority Boris Johnson’s new Policy Chief Andrew Griffith has declared that delivering tax cuts is now among the top priorities for the PM’s administration. He wrote on the Conservative Home website: “Families want to hear about our plans to grow employment, tackle the NHS backlog, control our borders, make their streets safer, bring down the cost […] By Lisa Brownlow, 25 February 2022
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Shell CEO: Windfall tax will not fix energy crisis Shell chief executive Ben van Beurden says a windfall tax on oil and gas producers would do little to alleviate the surge in energy prices in Britain, saying: “I’m not convinced that windfall taxes, popular though as they seem, will help us with supply, nor is it going to help us with demand.” Campaigners argue […] By Lisa Brownlow, 24 February 2022
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Self Assessment late filing penalty! The deadline for avoiding a £100 late filing penalty for a 2020/21 self assessment tax return is 28 February 2022. While 10.7m taxpayers have successfully filed their self assessment tax return for 2020/21, a further 1.5m need to file by 28 February 2022 to avoid a £100 late filing penalty. The usual date on which […] By Lisa Brownlow, 23 February 2022
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Treasury writes off £4.3bn in fraudulent Covid payments The Treasury expects to recover only £1 of every £4 fraudulently claimed during the pandemic, writing off £4.3bn of the £5.8bn of taxpayer money stolen from emergency initiatives including the furlough scheme and the self-employed income support programme. The figures published by HMRC represent the first time the department has put a number on how […] By Lisa Brownlow, 22 February 2022
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Stamp duty receipts hit record high after tax holiday ends The Treasury saw a record £2.95bn in stamp duty receipts in Q4, with this coming after the stamp duty holiday rolled out in July 2020 came to an end in September.     Financial Times By Lisa Brownlow, 21 February 2022
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