The Internal Revenue Service has issued a revised set of tax-withholding
tables which has the potential to reward workers with higher wages in the
The tax tables are inclusive of the new Making Work Pay refundable tax
credit, according to
Doug Shulman, commissioner of the IRS, said the the additional credit will
automatically start showing up in taxpayers’ paychecks in the spring.
‘Since employers and payroll companies will handle this change, people
typically won’t need to take any additional action. The IRS will continue
working to implement this and other provisions of the new law as quickly as
possible,’ he said in a statement.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed