News & Events | WDM - Part 203

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Income tax receipts predicted to fall short October 27, 2014

The Office for Budget Responsibility (OBR) has stated that it expects UK income tax totals to fall short of Government targets this year. Robert Chote, head of the OBR, said: ‘We’ve been getting fewer pence of revenue coming in for every pound of wages and salaries that’s generated. From the perspective of the public finances
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Fake HMRC scam email warning for taxpayers October 9, 2014

Yet another fake HMRC phishing scam email targeting taxpayers has been circulating, so recipients are warned not to click on the link it contains. Purporting to come from HMRC, the email states the recipient is no longer eligible to receive a tax return and needs to sign up with their current details to get back
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Fewer sick days taken in 2014, reports CIPD October 9, 2014

The Chartered Institute of Personnel and Development (CIPD) has released a report showing that the average amount of sick leave taken has dropped from 7.6 days to 6.6 days this year. Average figures also show that absence in the public sector remains high, at 7.9 days per year, but 5.5 days in the private sector.
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Liberal Democrats intend to raise taxes October 9, 2014

Nick Clegg, leader of the Liberal Democrat party, told the BBC that taxes would ‘of course’ increase for the wealthy should his party win the general election. Mr Clegg said: ‘No one anywhere in the reasonable world thinks you can fill the black hole in public finances either through spending reductions – though George Osborne
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Tax reclamation powers increased October 2, 2014

Debt recovery powers for HM Revenue & Customs (HMRC) are set to allow up to £17,000 in unpaid tax to be taken directly from salaries. Currently, HMRC is able to take back up to £3,000 worth of debt from a debtor’s pay packet. The £14,000 rise has prompted strong reactions, particularly from high-earners whom this
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