Monthly Archives: February 2014

Car tax discs to be abolished

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Paper tax discs will be replaced with an electronic system from October 2014, with a monthly direct debit option for 5% The tricky task of trying to remove the circular car tax disc from its perforations will soon be a … Continue reading

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Construction probe nets £122m in tax

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Crackdown on false self-employment brings in 55% more taxes than last year A crackdown on false self-employment in the construction industry has brought in a record £122m in extra tax for HM Revenue & Customs. The figure is an increase … Continue reading

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INCOME TAX EXEMPTION

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AN INCOME TAX EXEMPTION will be put in place for athletes competing in the Glasgow Grand Prix and the Commonwealth Games, this year. Currently, HMRC imposes a levy on visiting athletes’ sponsorship, endorsement earnings and appearance fees – meaning some … Continue reading

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HMRC has today launched a new telephone helpline for anyone affected by the recent floods.

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The helpline will enable anyone affected to get fast, practical help and advice on a wide range of tax problems they may be facing.   HM Revenue and Customs (HMRC) will also: Agree instalment arrangements where taxpayers are unable to … Continue reading

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Romantic Brits to spend £880m on Valentines this year (and, yes, it’s mostly men paying)

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Brits are expected to spend £880m celebrating Valentines Day – and most of the money will be spent by men. A study of 5,000 adults showed men will spend a staggering £611m on presents for their other halves. Meanwhile, women … Continue reading

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UK economy to spring by 2.5% this year, says NIESR

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Consumer spending is expected to keep driving UK growth this year The UK economy will grow by 2.5% this year and 2.1% in 2015, the National Institute of Social and Economic Research (NIESR) has forecast. The think tank said the … Continue reading

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Small businesses could get up to £2,000 under government initiative

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The UK’s smallest businesses could get up to £2,000 to spend on professional business advice under a government initiative delivered by small business network Enterprise Nation. The Growth Voucher project, which is being jointly run with the Department of Business … Continue reading

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HMRC sees record-breaking year for tax returns

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More than 10 million tax returns were received by the 31 January filing deadline, beating last year’s total of 9.61 million, HMRC revealed. With around 10.74 million 2012 to 2013 tax returns due by 31 January, this means 93.4% met … Continue reading

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