HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREHMRC fines exceeding tax for low-income earners
More than 180,000 low-income earners with no tax to pay in the 2020-21 tax year were issued fines by HMRC for not filing tax returns – after appeal 126,000 fines remained for this cohort.
“Until 2011, a late-filing penalty would be cancelled if, once a tax return was filed, there was no tax to pay,” The Guardian reports.
Tax Policy Associates founder Dan Neidle told The Guardian: “We believe the law and HMRC practice should change. Nobody filing late should be required to pay a penalty that exceeds the tax they owe.”
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Thames Water: A licence to print money
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