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HMRC tax-credit losses approach £10bn
News The cost of flaws in the UK's tax-credit system has risen to almost £10bn, according to the Liberal Democrats. The tax-credit computer system, designed by EDS and now run by Capgemini, was recently condemned by spending watchdog the Public Accounts...
[May 23, 2008, 9:29]
Scale of online tax credit fraud revealed
News More than half of the 40,000 suspicious tax credit applications detected by HM Revenue and Customs (HMRC) during a six-month period last year are believed to have been made by organised criminal gangs, new government figures have revealed.
[January 17, 2006, 8:35]
R&D tax credit to be reformed
News By simplifying the definition of research and development for tax purposes, the government hopes to make it easier for companies to decide at the outset of a project whether they will be eligible for the credit.
[December 10, 2003, 16:00]
IT blamed for tax credit problems
News As a result, there may be some delay before the full impact of the work on reducing tax credits complaints becomes apparent. In her report last year, Mills highlighted a number of continuing problems with the tax credits system.
[June 23, 2006, 13:00]
Industry body demands broader R&D tax credit
News Intellect, a trade group representing IT businesses such as Microsoft and Intel in the UK, has criticised the way the government is handling its tax credit for research and development. Intellect says that the government's current consultation on...
[July 14, 2003, 12:48]
IT blamed for tax credit problems
Talkback When will the government learn COMPUTERS ARE THICK they do EXACTLY what they are told to do: They are the ultimate (for now) GIGO machine. Surely it is up to the appropriate government department tp specify what they want and ensure the appropriate...
[June 26, 2006, 19:04]
Tax credit IT system condemned
News MPs have slammed the Inland Revenue's "nightmare" tax credits system and said it may have been "fatally undermined by its intrinsic complexity". A report by the Public Accounts Committee (PAC) calls the new tax credits system "frustratingly arcane...
[September 8, 2005, 9:25]
Mixed reception for new R&D tax credit
News The government's decision to redefine the rules governing research and development (R&D) tax credits has been welcomed by some in the high-tech sector, but others have claimed that the changes don't go far enough.
[April 10, 2003, 13:01]
EDS threatened with legal action over £51m tax fiasco
News The Inland Revenue is threatening to drag EDS through the courts unless compensation is agreed for overpayments that resulted from problems with the new tax credit IT system. But talks over compensation have become deadlocked and, following an...
[June 22, 2005, 9:35]
Chancellor provides boost for tech R&D
News The chancellor announced on Wednesday that the tax credit SMEs receive for R&D would be increased from 150 percent to 175 percent from April, and the credit for large companies would increase from 125 percent to 130 percent.
[March 22, 2007, 13:29]
1,500 government staff hit by ID theft scam
News HM Revenue and Customs (HMRC) has been forced to close the tax credit e-portal while it develops new checks to ensure the system is secure. HMRC is also setting up a helpline for any DWP staff who think they might be victims of the tax credit fraud.
[December 5, 2005, 8:25]
HMRC still owed millions by EDS
News In a settlement EDS agreed to pay £71.25m to HM Revenue & Customs (HMRC) due to problems with the tax-credit computer system it designed. The PAC report says the tax-credit system continues to suffer the "highest rate of error and fraud in central...
[February 6, 2008, 9:40]
Intel faces surprise tax bill
News The dispute relates to an export-tax credit related to chips that company produces in the United States and ships overseas for packaging and testing, said Chuck Mulloy, an Intel spokesman. The credit was based on a policy created after a settlement...
[August 7, 2003, 8:45]
Finance Organizer
Downloads A Must have utility for every Pocket PC user.Key Feautres :Professionally and Newly designed user-interface that speeds up Data Entry and Easy Viewing.Finance Organizer includes 9 following modules.Finance : Bank AccountFinance : Credit...
[October 2, 2003, 8:00]
The Informative Guide to Building Business Credit
Downloads Basically "The Informative guide to Building Business Credit" can help reduce your tax bill (If you have your company structure established already) As I stated earlier, I am sure you have come across other companies which offer to build your...
[December 4, 2005, 6:00]
Filesharing and bilesharing: a 'three-strikes' rant
Blog And this is largely a function of the one flaw in the otherwise excellent film tax credit which disincentivises co-productions by focusing tax relief only on production spend made on the ground in the UK.
[May 12, 2009, 12:43]
Getting A Refund for Unwanted Microsoft Windows
Blog Comment TV just isn't that important anymore, yet we are all forced to pay the TV tax, are the next generation going to be so willing to pay this? If you had 100% conformity, through a tax inspection system (I'm talking business use) then maybe even the...
[October 19, 2009, 21:25]
Actinic Business 9 review
Reviews For existing users, the Product Option Wizard speeds up new product creation, while a completely new Tax Module provides extra flexibility for setting tax options. Store creation is quicker than before, thanks to a Start Here panel that's designed...
[April 29, 2008, 15:37]
Tax credits site to stay closed after fraud
News The government's tax credit website, closed down by fraudsters in 2005, will not be back online before next summer at the earliest and may never be reopened, the British government has admitted. The HM Revenue and Customs (HMRC) portal was targeted...
[March 20, 2007, 9:51]
Tax office IT chief is in the money
News And while there have been improvements in some of HMRC's online tax return filing systems over the last couple of years, the department has recently been dogged by massive fraud on the tax credit system.
[August 15, 2006, 16:35]
