HMRC Targets SMEs, But Ignores Corporate Tax-Dodgers

By admin | 24/06/2011

Restaurateurs and other small business owners are being targeted by HM Revenue & Customs (HMRC) as part of a national crackdown on tax evasion. Over the next few weeks, specialist tax inspection teams will pursue restaurants with intensive sting operations across London, Manchester, Liverpool, Cumbria and parts of and Scotland.

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David Cameron Paves Way for HMRC to Target PAYE and NIC Dodgers

By admin | 06/04/2011

From April 2012, HM Revenue and Customs (HMRC) will require a security from employers if they suspect National Insurance Contributions (NIC) and Pay As You Earn (PAYE) taxes will be unpaid. HMRC claims the new legislation, which includes a criminal offence for business owners that are asked to give security but fail to do so,…

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HMRC vs English Football: The Battle Rages On

By admin | 21/03/2011

English football clubs owed more than £22m in overdue tax to HM Revenue and Customs (HMRC) in 2010, according to figures released last week. Premier League clubs owed £8.6m, Championship clubs owed £6.4m and Football League clubs were indebted to HMRC for £7.4m. Dave Boyle, chief executive of campaign group Supporters Direct, believes the figures…

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Small Business Owners Must Think Smart to Beat Inflation and VAT Increase

By admin | 21/02/2011
George Osborne on small businesses

The findings of last week’s Bank of England review suggest interest rates are likely to rise over the next 12 months which is particularly concerning for small business owners, still reeling from the recent increase in VAT. Just weeks before the economic review, a study by Aldermore bank found almost 30% of small businesses will…

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