Author Archives: TaxBanana

HMRC Overthrows Car Warranty Tax Avoidance Scheme

HMRC overthrows car warranty tax avoidance scheme A tax avoidance scheme designed to avoid VAT on car repairs has been successfully challenged by HMRC. The scheme in question saw a group selling car warranties restructure themselves so that they could … Continue reading

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Married Couples Tax Break

Prime Minister to announce tax break for married couples It is thought that David Cameron could publish plans to introduce a tax break for married couples as early as November. Senior Downing Street sources have suggested that the Prime Minister … Continue reading

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PPI Refund and Tax

Do I need to pay tax on my PPI refund? Currently, anyone who has successfully reclaimed a PPI payment, is required to pay tax on any interest added to their claim. HMRC have confirmed that no tax will be due … Continue reading

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Car Tax Online

How to pay your car tax online All vehicles, unless they have a Statutory Off Road Notification (SORN) certificate, are required, by law, to display a tax disc. An easy way to obtain a tax disc for your vehicle is … Continue reading

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HMRC closes down Illegal filling station

HMRC closes down Illegal filling station An illegal filling station and fuel laundering plant in County Tyrone has been discovered and disassembled by HMRC recently. The bootleg station was allegedly selling prohibited fuel for only £1.11 per litre. Inndustrial units … Continue reading

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HMRC Basic PAYE Tools Error Messages

HMRC Basic PAYE Tools Error Messages The new PAYE real time system is apparently undergoing some teething issues. HMRC have been issuing advice after a number of customers who are trying to submit PAYE information in real time have reported … Continue reading

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HMRC Helplines

HMRC Helplines Several of HMRC’s helplines have been switched from expensive 0845 numbers to cheaper 03 numbers. HMRC has promised that by the end of summer none of their helplines will still use the 0845 prefix.   Unfortunately though, the … Continue reading

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40,000 applications made by HMRC to view customer’s private data

40,000 applications made by HMRC to view customer’s private data   A freedom of information request has revealed that HMRC has made over 40,000 applications to view people’s private communication details, over the past three years. Information appealed for by … Continue reading

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HMRC collect a record £220m owed by wealthiest taxpayers

HMRC collect a record £220m owed by wealthiest taxpayers A specialist section of HMRC known as the High Net Worth Unit (HNWU) collected their highest ever amount of tax last year. HNWU handles the tax affairs of the UK’s richest … Continue reading

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HMRC Urge Tax Credit Claimants To Renew Early

HMRC Urge Tax Credit Claimants To Renew Early All tax credit customers must renew their claims by 31 July or see their payments potentially stop. HMRC is already sending out renewal packs to all Tax Credit recipients along with the … Continue reading

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