Tax man ploughing through 17m extra cases
HMRC faces further questions over millions of other open cases
HMRC faces further questions over millions of other open cases
The taxman is working through more than 17 million tax problems in addition
to the six million reveled at the beginning of the week.
This latest batch of problems goes back up to six years and stems, according
to the
Daily
Mail, from HMRC realising that the liabilities under PAYE did not match the
income received by taxpapyers.
However, it is not clear how serious the 17 million open cases might be or
whether they would give rise to significant tax demands.
On Monday it emerged that up to 1.4 million people could owe the taxman up to
£1,400 in. Around four million others could be due refunds.
Throughout yesterday concern mounted over the errors as HMRC sent out its
first mailshot to 45,000 people informing that there was a problem.
Read more:
HMRC
may have missed time limit on tax bills
Six
million paid the wrong tax
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleAccountants with contractor clients must take practical steps in an attempt to fly under HMRC’s radar Read More...
View articleAre taxpayers aware of their self-assessment obligations before they come to you? In a consultation due to close shortly, HMRC is looking at whether t...
View articleATT technical officer, Emma Rawson, takes a look at HMRC’s new call for evidence which explores potential reforms to how and when individuals with pro...
View articleTax managers warn of complexities in HMRC’s WFH tax allowances Read More...
View articleHMRC has experienced an increase in its revenue due to further investigations in the year 2018/19. Read More...
View articleLast year, HMRC imposed a record £860m in penalties on individual taxpayers, up 24% from £694m in 2017/18, according to accounting group UHY Hacker Yo...
View articleThe Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...
View article