The department claims that after only 10 months since their inception figures are approaching the total number of families expected to receive them.
‘Before they were introduced in April 2003 we estimated that six million families would benefit from them after a year. But now, after just under ten months, that figure has already been reached,’ said paymaster general Dawn Primarolo.
Families with a combined income of up to £58,000 are eligible for the credits.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year