HM Revenue and Customs has promised to refund £400 charged in fines to 10,000
companies in error.
The fines were issued after companies filing their returns online and did not
pay taxable benefits to their employees, did not provide national insurance
information by the 6 July deadline.
The companies had recorded the fact that they did not have to provide this
information, but the online system did not pick up the information, the
Financial Times reports.
HMRC also apologised for mistakenly doubling the amount of tax charged to
building industry clients after inaccurately assessing their returns.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states