460,000 taxpayers chase income tax refunds

Taxpayers are being urged to check if they have overpaid income tax, following reports that around half a million people tried to claim refunds. A Freedom of Information request submitted by Royal London showed that around 460,000 people have chased HMRC for income...

Call for new approach to mortgage regulation

UK Finance, a body representing organisations in the finance and banking sector, has called for a more coordinated approach to housing policy and the regulation of mortgages. In its report The Changing Shape of the UK Mortgage Market, published last week, the...

‘Remove demand to report loan charge in tax returns’

Thousands of people in the loan charge settlement process should not have to report backdated taxes through self-assessment next month, a tax group argues. Up to 50,000 people were paid through loans from offshore trusts dating back to 1999, and more than 8,000 have...

CEST tool update comes under fire

HMRC has released its tweaked check employment status for tax (CEST) tool, with some stakeholders maintaining the claim that it is not fit for purpose. The tool was first introduced in 2017 as part of the extension to the off-payroll rules that applied to the public...

HMRC issues tax return scam warning

Taxpayers who have yet to submit their 2018/19 tax return through self-assessment are being warned about fraudulent scams. HMRC has warned millions of taxpayers to be on their guard ahead of the deadline at midnight on 31 January 2020. Over the last year, the Revenue...