The administrative gaffe occurred in the years 1996-97 and 2001-02 when the Revenue failed to send out reminders to those who had the ability to top up their contributions. The deficits, reports the Financial Times range upwards of £200, with the average amount being closer to £425.
The worst-affected – numbering about 200,000 people – will have to pay £1,500 to safeguard their pensions, and will have until 2008 to do so.
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
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay