HMRC warning to people with over £3,500 in savings account
People with £3,500 or more in savings are being warned they could face an unexpected tax bill from His Majesty’s Revenue and ...
Hundreds of thousands face shock tax bill in April as HMRC delays sending out vital letters
HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is ...
JournalofAccountancy2d
Frivolous-tax-return penalty sustained
The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.
HMRC says code on payslip means you're owed hundreds of pounds in tax
Your HMRC tax code is a combination of letters and numbers and the number will normally dictate the level of your tax-free allowance.
HMRC 'warns' one digit on payslip means you're paying too much tax
Workers across the country could claim thousands of pounds by keeping an eye out for a certain code on their payslips, HMRC ...
The College Investor on MSN2d
IRS Transcript Codes And WMR Reference Codes
Curious about what that IRS transcript code means? Or did you get an error code on WMR? One of the biggest questions we see ...
Got a GST violation notice? Check the notice as it can be fraudulent notice as well
CBIC warns taxpayers about fraudulent GST summons issued by impostors. Taxpayers should verify documents' authenticity ...
JD Supra10d
IRS Updates Guidance on Section 530 and Worker Status Issues
The Internal Revenue Service has released new guidance, Rev. Rul. 2025-3, clarifying the application of Section 530 of the Revenue Act of ...
Birmingham Mail on MSN30m
Hundreds of thousands face shock from HMRC after delay sending out letters
Savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is delaying sending out vital ...
JD Supra6d
Treasury Releases Guidance and GREET Model for the Section 45Z Clean Fuel Production Credit
On January 10, 2025, the Treasury Department (the “Treasury”) and the Internal Revenue Service (the “Service”) continued their flurry of new ...
How To Help Those Affected By The California Wildfires–And Maybe Get A Tax Break
Tens of thousands of people are displaced in California and first responders are battling blazes. Here’s a guide to how you ...
The Sun15d
The code on your payslip that could mean you’ve overpaid hundreds of pounds in tax
CHECKING a five-digit code could signal that you've overpaid hundreds of pounds in tax and are due are rebate. Tax codes dictate how much is deducted from your pay, and if you've been placed on ...