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Tax credits deadline extended

Sarah Curzon, Tax Director, Broomfield & Alexander

Sarah Curzon, Tax Director, Broomfield & Alexander

HMRC has announced that it will be extending its tax credits renewal deadline by a week in response to industrial action which is currently taking place.

The deadline has been extended to Wednesday 6th August as a result of customers potentially finding it difficult to get through to the tax credits phone line....

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Accelerated Payment Notices: pay now, argue later…

Leighton Reed, Director, Broomfield & Alexander

Leighton Reed, Director, Broomfield & Alexander

With Royal Assent having now been granted to enact the Finance Act 2014, Her Majesty’s Revenue & Customs (HMRC) have a number of new powers, including one related to tax avoidance schemes where they can now issue Accelerated Payment Notices (APN).

This new power allows HMRC to require taxpayers to pay tax that is...

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