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Before the advent of Real Time Information (RTI), at the end of the tax year, employers operating PAYE schemes had to report to HMRC their employees, the total that had been paid to them, the amounts of income tax and national insurance contributions (NICs) that had been deducted from those payments, and the amount of employer's NICs due. This ...
NICs are payable by employees, employers and the self-employed and in the 2010–2011 tax year £96.5 billion was raised, 21.5 per cent of the total collected by HMRC. [ 69 ] Employees and employers pay contributions according to a complex classification based on employment type and income.
[8] [12] The planned introduction of VAT on domestic fuel and power went ahead in April 1994, but the increase from 8% to 17.5% in April 1995 was scuppered in December 1994, after the government lost the vote in parliament. [7] [12] In its 1997 general election manifesto, the Labour Party pledged to reduce VAT on domestic fuel and power to 5%. [13]
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"Reform of corporation tax – A consultation document" (PDF). Inland Revenue (now HMRC), and HM Treasury. August 2002. Archived from the original (PDF) on 6 February 2007 "Corporation tax reform – A consultation document" (PDF). Inland Revenue (now HMRC), and HM Treasury. August 2003. Archived from the original (PDF) on 12 April 2007
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UK government departments make use of social media to communicate with the public, so that part of the online Public Record is now held on sites not directly managed by government departments.
They started proceedings on 8 September 2003, and the same day the Revenue announced legislation to disapply section 32(1)(c), which came in as the Finance Act 2004, section 320. Also, when the House of Lords judgment of 2006 confirmed a right to claim tax paid under a mistake, Parliament passed the Finance Act 2007 section 107, which ...