tax

HMRC has proposed that where advisers arrange transactions for clients their services will continue to be exempt from VAT post-RDR, under draft rules published today.

Her Majesty's Revenue and Customs (HMRC) has received around 2,000 complaints about the threatening tone of its letters to taxpayers since 2009.

Vince Cable, the Business Secretary, has been embarrassed after being fined £500 by HM Revenue and Customs for failing to pay VAT on his extra-curricular earnings.

An estimated six million taxpayers are in line for a windfall refund as Revenue & Customs tries to unravel the latest in a series of administrative problems.

An internal HMRC memo sent to a taxpayer in error has suggested the Revenue service is hiding mistakes and concealing vital information from the public.

Swiss bank account holders who have legitimate reasons for keeping their money offshore may still be on the taxman's hit list, accountants warned.

Employers dread filling in paperwork for the taxman, especially those with a large staff turnover.

The British economy needs "a shot of adrenaline" in the form of tax cuts in order to stimulate growth, according to a leading think tank.

Berkshire Hathaway chief executive Warren Buffett has revealed his gross income last year was nearly $63m.

About 4,000 people are planning a mass demonstration outside the London Stock Exchange to protest against "financial injustices", in a move to expand the Occupy Wall Street demonstrations that began in New York.