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Incorrect tax codes for thousands due to IR35 “fiasco”

Thousands of employees working within the public sector are potentially being taxed incorrectly in an ongoing fiasco surrounding their IR35. Contributor Bradley Post, Managing Director - Rift Tax Refunds IR35 has always been a tricky piece of regulation, and it seems like it's not getting any easier to manage with time. Serious questions over the accuracy of the Check Employment Status for Tax (CEST) tool are only being underlined by courtroom defeats for HMRC over status challenges. Meanwhile, confusion over the rules has contributed to an 8 percent year-on-year drop in contracting vacancies.

Contributor: Bradley Post | Published: 16 May 2018

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Are HMRC Systems Fit for Purpose?

One of the UK's leading tax experts today questioned whether HMRC's IT systems were fit for purpose in light of a flurry of recent news stories suggesting that HMRC is losing its grip on the nation's taxes. David Redfern, founder of DSR Tax Claims, spoke out after HMRC suffered yet another blow with news that they had cancelled 270,000 late filing penalties in 2016.

Contributor: David Redfern | Published: 8 May 2018

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Wildly unrealistic expense claims on tax returns criticised

Taxpayers who include wildly optimistic expense claims in their self-assessment tax returns. Commenting on HMRC's latest annual list of unrealistic expense claims. Those who aimed to pull the wool over HMRC's eyes by claiming for spurious expenses, stating that they made life more difficult for honest taxpayers.

Contributor: Angela MacDonald | Published: 17 April 2018

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HMRC finally admits “no detailed evidence to prove accuracy of IR35 Tax tool”

More than 100,000 people could be facing incorrect tax bills as HMRC admits it has no detailed proof to demonstrate that its Check Employment Status for Tax (CEST) tool is accurate. The admission came following a series of Freedom of Information (FOI) requests as part of a five month investigation

Contributor: Dave Chaplin | Published: 8 April 2018

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Government plans to increase tax-free allowance welcomed

Commenting on the announcement that the personal tax-free allowance is to be raised to £11,850 from next April, tax preparation specialist and founder of DSR Tax Claims Redfern stated that he welcomed the increase, which will allow taxpayers to keep more of their earnings before they are required to pay income tax.

Contributor: David Redfern | Published: 26 March 2018

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Beware double taxes on online purchases

The online parcel delivery expert ParcelHero says Chancellor Philip Hammond’s proposal to tax digital businesses’ revenues rather than profits in his Spring Statement this week puts Britain at odds with other countries’ taxation rules; and his crackdown on online sellers avoiding VAT could also open a can of worms.

Contributor: David Jinks | Published: 25 March 2018

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What the Chancellor’s Spring Statement revealed

"The government has long identified this problem as a serious drain on its VAT revenues, and the Chancellor now plans to tighten the screw further. While this is still just a consultation, it opens the door for the government to force online platforms to deduct VAT from sales, and then oblige sellers to prove they are eligible to claim it back".

Contributor: Various Authors | Published: 16 March 2018

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The cost of pension tax relief

2015/16 saw the cost of tax relief leap by £3.3 billion to £38.2 billion. Prior to that the cost had remained relatively stable going back to 2010/11. Auto-enrolment, which requires employers to automatically join staff to a company pension, was still being rolled out in 2016/17 so the period should see an increase in the amount being paid in contributions.

Contributor: Nathan Long | Published: 1 March 2018

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How tax rule tweaks are changing pensions, savings and house buying behaviour

Tax saved through the personal savings allowance indicates that money not being saved into cash ISAs isn’t simply finding itself in savings accounts instead. The stamp duty exemption for first time buyers is expected to have saved £125 million in tax between November 2017 and April 2018.

Contributor: Nathan Long | Published: 28 January 2018

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Ever-increasing length of compliance checks causing uncertainty

One of the UK's leading tax experts today weighed into the debate emerging from news that HMRC investigations into large companies have increased in length over the last financial year. Prolonged HMRC investigations can have a negative impact and cause financial uncertainty.

Contributor: David Redfern | Published: 23 January 2018