Tax News From The BBC

• 1.1 million face £100 tax fines
  Just over one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time, HM Revenue and Customs says.
• P45 tax form is given a reprieve
  The P45 has been given a reprieve by the UK tax authority after employers said they did not want to see it go.
• Case for tax cuts 'is stronger'
  The argument for the chancellor to cut taxes to boost the economy is stronger than it was a year ago, the Institute for Fiscal Studies says.
• Speed up tax changes, urges Clegg
  Nick Clegg says he wants the coalition government to go "further and faster" in raising the level at which people start paying income tax.
• MPs attack 'cosy deals' at HMRC
  A committee of MPs criticises "cosy" deals between HM Revenue & Customs and large businesses, saying the exchequer has lost out on millions of pounds of tax.

UK Tax News: Accountancy Age

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