Newsletter 434: Taxman gets tough amid concerns at proposed new powers

by Newsletter Editor at 10:15 23/05/14 ( Shout99 Newsletter)

In Shout99:.....Separate reports show the taxman is getting tough - as the use of bailiffs doubles in two years and the number of investigations double, with particular emphasis on the self-employed, where the reported increase is four-fold. There is also evidence that there is also a question mark over VAT penalties where half are found to be incorrect.

And all this adds to the concerns of many, including the accountancy profession and the influential Treasury Committee, that there are insufficient safeguards to give HMRC the proposed powers to take monies owed directly from individual's bank accounts. Taxman gets tough - particularly with self-employed HMRC use of bailiffs doubles in two years Half of VAT fines against businesses are wrong Accountants join criticism of HMRC's proposed new powers MPs raise concerns about HMRC's proposed debt recovery powers HMRC debt proposals contain insufficient safeguards Shout99 - the free news site for freelancers, contractors and small firms. *************** Also in Shout99 *************** Latest jump in self-employment Relaxation of 'fraudulent documents' defence Digital by default' drives rise in public sector IT consultants Call to change the new false self employment tests HMRC relaxes mandatory filing of VAT returns online Ukraine crisis has limited impact on oil and gas contractors Security more attractive than higher rates Top tips for balancing the freelancer budget Local and Euro elections provide opportunity to support freelancers Top tips on tackling late payment ****************************************************** Advertisement - Protection against IR35 investigations (FO35) ****************************************************** Advertisement Protection against disputes with HMRC on tax matters, including IR35, is available for £116.00 a year. Freelancers Outside IR35 (FO35) is a complete operating system for small businesses with guidance on compliance; draft contracts; a helpline; status assessments; and representation by Qdos Consulting in the event of a dispute with the Revenue on tax; VAT; or IR35 issues. FO35 is available online for immediate cover for £116.00 a year. For more information or to order, see...... Ask An Expert, our expert panel answers questions from freelancers, including entrepreneurs relief and closing a company. Letters from Freelancers opens up discussions on a number of subjects of interest to freelancers, including what to do about lost RTI data. The Clubhouse is an area for 'off-topic' discussions. ******** Twitter ******** For the twitters and tweeters among our readers, you can follow Shout99's headline news on Twitter: www.twitter.com/Shout99Ltd ************************ Shout99 - Newsletter ************************ Please forward this newsletter to any other freelancer or small businesses who may be interested in news and information related to running a small business. You can subscribe to receive your own free copy of this newsletter on the home page of Shout99. Susie Hughes, Editor Newsletter 434 Shout99 - the network for freelancers www.shout99.com

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