Opposing HMRC penalties on grounds of ‘reasonable excuse’

Recent reports have shed light on some of the most unusual cases where self-assessment taxpayers have managed to successfully appeal late filing and late payment penalties issued by HM Revenue & Customs (HMRC). In one instance, a taxpayer named Magdalena Trzcińska successfully appealed a late filing penalty thanks to a well looked-after ‘signed for’ Post… Read more…

Huge fines for employers stalling workplace pensions

Around 800,000 small businesses are yet to enrol into the Government’s flagship pension scheme, new figures have revealed. The Pensions Regulator, which published the report, said nearly eight million employees are now saving into a workplace pension, but thousands of employers remain non-compliant. Launched in October 2012, “auto-enrolment” requires all employers – no matter if… Read more…

Receipts rise as Corporation Tax rates fall

Corporation Tax receipts reached a record high in the 2016-17 financial year, with a total of £56 billion collected, a 21 per cent year-on-year increase. These record figures come despite the main rate of Corporation Tax falling from 30 per cent 2008 to 19 per cent in 2017-18. The most obvious driver for this increased… Read more…