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Don’t fall into the tax gap!

Reading Time: 2 mins Don’t fall into the tax gap! HMRC are on a mission to claw back taxes in order to meet their shortfall. They have turned their attention to those who may be yet to register their status or who are collecting a foreign income in order to close this tax gap. Don’t fall foul of the Taxman’s quest!   Luckily, there is still time for you to put things in order to avoid losing money or getting into trouble. Tax specialists Tax Accountant suggest you will need to move quickly. HMRC are ramping up their efforts to contact people regarding their taxes. Not only have google searches for ‘foreign income’ and ‘foreign tax credit relief’ increased dramatically, but the news that HMRC is investigating hundreds of customers has sparked a frenzy.   Tax Accountant have said HMRC’s investigation into customers’ accounts with Puerto Rican-based Euro Specific Bank in July has led to many people contacting them to find out just what is happening. Many people may have foreign i...

New #AxeTheTax Campaign launched

Reading Time: 4 mins Non-governmental and non-profit association Together are urging people to contact their local MPs in a bid to add pressure to #AxeTheTax on fuel bills and domestic energy prices. With the cost-of-living crisis at an all-time high and inflation at a staggering 9.4%, Together are giving people the tools they need to call for action. With the energy price cap expected to increase even further in Autumn, a winter like no other is ahead of us. It will be a long, dark winter for many, with people unable to afford to light and heat their homes across the UK. Last week Together contacted large broadcasters and national newspapers to get in on the action. Now, they want you! Step 1 Step 2 Step 3   Step 1 Find your local MP. The internet is your best friend when it comes to finding members of parliament from your area. Use this handy tool to find your local MP by simply typing in your postcode.   Step 2 Email your MP. Once you have found out who the person...