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The Chancellor, George Osbourne, announced his fourth Budget on 20 March 2013 against a number of challenges in the UK and global economies. The headline announcements made by the Chancellor include:-
People that haven’t paid tax on profits from the sale of second homes face fines and prison as part of the latest campaign against tax evasion by HMRC.
In less than two months time, the biggest change to the UK PAYE system in many years comes into operation and it is important that employers take action now, if they haven’t already done so.
Door-to-door salespeople have until the end of February to come clean about any tax they owe in return for a reduced penalty.