HMRC has released the figures for their reviews of – and appeals against – tax decisions from 1 April 2013 to 31 March 2014. These findings support the assertion that when it comes to challenging HMRC, the odds are stacked against you.
HMRC is not particularly popular at the moment, having undercharged an estimated 3.5 million Britons in Pay As You Earn (PAYE) taxes last year. Now, the notorious PAYE debacle of 2013 has finally caught up to them, and it’s only a matter of time before HMRC takes back the tax they’re still owed.
By submitting a claim between now and the end of June 2014, one lucky 1st Contact Tax Refunds client will win double their tax refund. Good luck!
There are a number of online scams doing the rounds at the moment, including some that claim to be from the Home Office itself. Here are seven rules to follow to protect yourself from online scams.
If you are holding money in offshore accounts, it’s essential that you fully declare these accounts to HMRC to avoid crippling fines and possible prison time.
If you’re yet to claim back your overpaid tax, you could be due a substantial amount of money. There are two ways to claim a tax refund: you can do it yourself through HMRC, or you can enlist the help of a reputable tax refund agency.
The new tax year is underway, so it’s the perfect time to claim back the tax you’re owed. From now until the end of June, 1st Contact Tax Refunds will be running a fantastic promo to reward one lucky client with double their tax refund.
Millions of Pounds of tax go unclaimed in the UK every year, mostly due to people misunderstanding the tax refund process. Here are the five most common reasons why people, year on year, fail to claim their tax back.
It’s a new tax year, so it’s time to start claiming back your overpaid tax. We’ve put together a neat infographic to show you two expats’ journeys to claiming a tax refund – one with an agency, the other on his own.
In his recent Budget Speech, George Osborne had some good news for UK residents: the Income Tax Personal Allowance will rise to £10,000 on 6 April 2014, and to £10,500 on April 6 2015.
When you apply for a tax refund, you’ll need certain forms in order for everything to run smoothly. These UK tax forms are usually given to you by your employer or sent to HMRC , depending on your circumstances. Here you’ll find a quick guide to forms P45, P60 and P11D.
HMRC has again issued a warning to UK residents to beware of phishing emails pretending to be from HMRC. By responding to this type of email, you risk opening your bank account to fraudsters and organised criminal gangs.
The 2014 Budget Speech took place just a few hours ago, and with it came a string of forecasts for the year ahead. Our Accounting team have unpacked the contents of Chancellor Osborne’s red briefcase to see how today’s speech affects you.
Inland Revenue holds over three million Pounds in unclaimed tax every year, most of it meant for people who assume they aren’t eligible for a tax refund. If you can answer yes to any of the questions below, there’s a good chance you’re due a tax refund.
The Tax Credits Order 2014 is draft legislation currently up for review in parliament. In a nutshell, it’s an amendment concerning when HMRC should accept a late tax submission appeal as being on time.
A tax rebate may feel like a bonus, but it’s important to remember that it’s still your money. Here are seven (responsible) ways to spend your tax refund.
HMRC has issued a stern warning to both small and big-time tax evaders: “If you have any income you haven’t told us about, you need to declare it before we catch you.”
The HMRC is planning to close all 281 of its walk-in tax enquiry offices in May 2014, replacing them with a telephone service and “mobile advisers”.
The Self Assessment tax return deadline is almost upon us. If you haven’t completed your online return by midnight on the 31st January, you face a minimum penalty of £100 – even if you don’t owe any tax. We’ve compiled nine easy tips to help you survive this deadline.
With the 31st January Self Assessment tax deadline looming, it’s important to understand that you will not escape the automatic £100 penalty if you submit late – unless you have what HMRC deems a “reasonable excuse.”