MPs have warned chancellor Gordon Brown his plan to save hundreds of millions
from reform of the tax credits system is flawed.
The House of Commons Treasury committee was broadly supportive of the scheme
announced by Brown in his pre-Budget report, but said it appeared to contain
Brown changed the ‘earnings disregard’ from £2,500 to £25,000 allowing many
families to retain money overpaid to them in a series of mistakes by the HM
Revenue & Customs, which administers the tax credits system.
This will be costly the committee warned in its report on the PBR and may not
be off-set by a clampdown on claimants who fail to notify the HMRC of changes in
financial circumstances, the Financial Times reports.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
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