Banks await new tax guidelines June 28, 2009 The Treasury will announce a new framework of guidelines on tax avoidance tomorrow, with the publication of its code of practice for banks. The code, which will be voluntary, will see banks agree to abide by the “spirit” of the code, or face being named and then investigated by HM Revenue and Customs (HMRC). Lenders [...]
UK government owed 17bn June 9, 2009 The UK government was owed £17.3bn in outstanding tax, interest and penalties as of 31 March 2008, the House of Commons Public Accounts Committee (PAC) said yesterday. An HMRC spokesperson said that the report is not a reflection of HMRC debt activity as it stands – things have moved on and HMRC has made even [...]
Public Sector must try harder to please consumer July 15, 2008 Public services have been having a bad time recently, with data disks going missing, concerns about MRSA in hospitals and intense dissatisfaction with the move to fortnightly bin collections by many local authorities. It’s hardly surprising then that only one in five people in the UK believe public services are generally well run. Most of [...]