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HMRC

Tax system sapping firms' hopes says CBI survey
Economic Development
Firms getting a raw deal from the º£½ÇÊÓƵ tax system according to new research by Grant Thornton and CBI
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West Midlands exports more than London for first time on record
Economic Development
Latest figures show the region shipped £7.06 billion worth of goods last quarter, compared to £6.81 billion from the capital.
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Analysing the latest trade figures
Opinion
As we are seeing in the latest trade figures making things of real value is the only effective way to rebalance the economy.
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West Midlands exports nudge closer to £28 billion mark
Economic Development
New HMRC stats show region has highest growth percentage in England as local company wins three-year India deal with JCB
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HMRC tax grab could be thin end of wedge
Opinion
So the Government is considering a Treasury plan to collect unpaid tax by removing it directly from bank accounts.
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Sick pay changes 'put Midland firms under pressure'
Economic Development
Employment expert Sally Morris says the new rules will leave firms facing hefty National Insurance contributions – adding to the cash burden for many hard-pressed smaller firms
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Budget 2014: The cuts will continue
Economic Development
A cap on welfare bills including housing benefit and tax credits among plans to shore up Government finances
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Birmingham Post Rich List 2014: Property most popular for profits
Economic Development
The rise and rise of the super-rich in the West Midlands continued last year with property being the most popular route to mega-millions.
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David Paul: Taxman getting ready to pounce
HMRC
The level of resource HMRC is investing demonstrates that this is an area where it believes significant underpayments of national insurance contributions (NICs) will arise.
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A worthwhile sacrifice when it comes to your retirement
Opinion
There is an increasing awareness about the need to start planning for retirement from an early age and the benefits of pension saving have been dealt with previously in this column.
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China overtakes United States as biggest export partner of West Midlands
Economic Development
Jaguar Land Rover helps push ten-fold increase in exports to Eastern superpower over four years.
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West Midlands 'will be in export surplus next year'
Economic Development
Boom in overseas sales on back of Jaguar Land Rover set to push region into positive in terms of international trade
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An alternative way of building a pension pot
Opinion
Most pension savers will build up their retirement fund using individual contributions and some will be fortunate enough to receive employer payments too.
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PAYE changes welcomed by expert
Banking & Finance
U-turn welcomed after businesses met with barrage of red tape
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Prepare for cut in the pension lifetime allowance
Opinion
The country’s highest earners should be taking steps now to prepare for the forthcoming cut in the pension lifetime allowance.
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Deciphering pension options
Opinion
But a SSAS is a pension arrangement most likely to be put in place by the owner of a small business. It provides a means through which they can save for retirement, together with their fellow directors and other key employees.
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Government deals boost Interserve
Economic Development
The group, which took over construction giant RM Douglas, also announced it had won a government contract extension with HM Revenue and Customs and the Department for Work and Pensions
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Level playing field needed on corporation tax in the º£½ÇÊÓƵ
Opinion
Trevor Law writes "In his Budget speech earlier this year George Osborne announced that the rate of corporation tax in the º£½ÇÊÓƵ would be cut to 20 per cent with effect from April 2015."
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Midland employers failing to pay the minimum wage are fined after HMRC investigation
Economic Development
Dozens of rogue employers in the Midlands failing to pay the national minimum wage have been fined up to £5,000.
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Clothing firm boss jailed for VAT fraud
Economic Development
The managing director of a clothing chain, who failed to pay his VAT in full and pocketed almost £68,000 in tax and national insurance contributions deducted from employees’ wages, has been jailed for 18 months.
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Beware the tax form that looks easy
Economic Development
Company directors in the West Midlands are being warned that they may have received the wrong tax returns from the Inland Revenue.
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