Business and Tax News - Jun 2015

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BUSINESS AND TAX NEWS - JUN 2015

Record Reward Payments Made To Tax Informants

FRAUD

Record Reward Payments Made To Tax Informants

Total HMRC payments to people informing on tax evaders rises fifty percent in one year.

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Tax Credit Renewal Online Can Take As Little As Six Minutes

PERSONAL TAX

Tax Credit Renewal Online Can Take As Little As Six Minutes

HMRC urges people renewing tax credits to use online service prior to the July deadline

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Late Tax Return Penalties To Be Waived

PERSONAL TAX

Late Tax Return Penalties To Be Waived

Following a previous consultation, HMRC appear to be waiving the initial £100 late filing penalty provided a reasonable excuse is given.

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