In October HMRC announced that they would begin shutting down redundant Pay As You Earn or PAYE schemes in a bid to improve efficiency and save money. It was revealed that the tax body will now automatically shut down any PAYE account which is inactive for a period of 120 days or more.
The new development for HRMC will mostly affect health workers, shop workers and construction workers, whom are most commonly taxed using the PAYE tax system. Continue reading
Some tax rebate companies who were entrusted to make rebates on behalf of their construction working clients, are having to pay thousands to HMRC. This is due to false or over exaggerated tax claims, and as a result their clients may also be paying. Does it affect you?
Since the introduction of the new coalition government, HMRC have been instructed to look at all possible ways in which they can increase revenue. Two ways they can achieve this are either by collecting more new tax, or reducing the amount of benefit they pay out. With the closure of all local tax offices, HMRC’s resources are limited, making all their enquiries a very long and difficult process.