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There have been many criticisms of the delivery of tax credits and the handling of overpayment disputes [11] [12] [13] Criticisms have centred on: • That the dispute process is not independently adjudicated. • The number of HMRC errors claimants are expected to spot. • The level of understanding of tax law HMRC assumed claimants would have.
HMRC was not unjustly enriched by a payment to discharge a tax liability because the tax liability must have been due under the statute. Even if HMRC was enriched by the value of the claimant's forgone tax relief credits, and even if the gain would not have been made but for the claimant's use of the relief, HMRC did not gain at the FII Group's ...
The Investment Trust Companies (ITC), closed-end investment trusts that got investment management services from management companies, sued to recover overpaid VAT from the HMRC. The managers usually got paid by fees plus VAT. It was thought that there was no exemption possible, and VAT was charged at a standard rate.
At the end of March 2009, HMRC was managing 20 million 'open' cases (where the department's systems identify discrepancies in taxpayer records or are unable to match a return to a record) which could affect around 4.5 million individuals who may have overpaid in total some £1.6 billion of tax and a further 1.5 million individuals who may have ...
To claim a tax refund, a personal tax summary must be filed; this can be done by dealing with the IRD directly or through a Tax Agent. If a personal tax summary is requested in a situation where tax would be owing, a debt is created, so correct calculations prior to this request are important, and these core services are offered by third party ...
Tax returns must be completed by 31 January following the end of the relevant tax year for those who complete the tax return online and by 31 October following the end of the tax year for those who file by a paper return. Once registered, taxpayers can submit their tax return online directly via the HMRC website, or from online platforms.
Tax law, Value Added Tax: A company was not entitled to the repayment of VAT resulting form a successful reclaim for overpaid VAT from a former member of its VAT group. Instead where VAT had been overpaid by the representative member of the VAT group then only the representative member (or its agent) could make a claim for repayment. [22]
The levies to tax on income were originally set out in Schedules to the Income Tax Act. In the case of United Kingdom corporation tax, they remain for companies charged to that tax, and in the case of United Kingdom income tax, many, but not all remain. In the United Kingdom the source rule applies. This means that something is taxed only if ...
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