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Tax credits site to stay closed after fraud
News The HM Revenue and Customs (HMRC) portal was targeted by criminals who stole the identities and personal details of almost 13,000 staff at the Department for Work and Pensions and Network Rail and exploited poor security and ID checks to make...
[March 20, 2007, 9:51]
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]
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]
Online fraudsters target public sector
News Angela Knight, chief executive of the British Bankers' Association, said areas such as tax credits have become major targets for fraudsters and that there needs to be better information sharing between the public and private sectors to combat the...
[June 1, 2007, 17:37]
MPs savage taxman's IT farce
News Tax Credits: putting things right, published on 29 January, 2006, broadly agrees with the findings of an earlier report by the ombudsman of HMRC. The fact that the tax credits system is designed to be wholly IT based with minimal clerical input has...
[January 31, 2006, 15:55]
Industry body demands broader R&D tax credit
News Friday's) Treasury Consultation Document on R&D tax credits needs to go further to deliver an effective rate and assure the UK's international competitiveness," the group said in a statement. In April's Budget, the chancellor, Gordon Brown...
[July 14, 2003, 12:48]
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]
HMRC seeks CIO to help overhaul IT dept
News A key part of the revamp will be rationalising the 650 computer systems controlling areas such as Paye, National Insurance, child benefit and tax credits, which the Poynter report found increased the security risk by duplicating information.
[January 14, 2009, 8:39]
3G excesses fuel O2 takeover rumours
News As a result of this writedown O2 has accumulated some £5.2bn in tax credits in Germany and the UK, meaning that O2 will pay less tax in both countries for the next few years. Morgan Stanley is confident that these tax credits would become more...
[September 1, 2005, 17:00]
Ministers blamed over £30m ID fraud
News The debacle is yet another embarrassment for the government's flagship tax credits programme, which has suffered from problems since it was launched in 2003. EDS was last month forced to shell out £71m to HMRC to settle the dispute over problems...
[December 6, 2005, 7:55]
Scale of online tax credit fraud revealed
News The huge rise in fraud attempts forced HMRC to close the online tax credits portal at the beginning of December last year after it discovered personal details of 13,000 civil servants working at the Department for Work and Pensions (DWP) had been...
[January 17, 2006, 8:35]
HMRC still owed millions by EDS
News MPs have called on the government to take legal action against outsourcing giant EDS to recoup the millions of pounds the company still owes over the tax-credits IT fiasco. Difficulties with the scheme resulted in HMRC overpaying £6bn in tax...
[February 6, 2008, 9:40]
R&D tax credit to be reformed
News The government is rejigging the way it gives tax credits to UK companies who invest in research and development (R&D). By simplifying the definition of research and development for tax purposes, the government hopes to make it easier for companies...
[December 10, 2003, 16:00]
EDS threatened with legal action over £51m tax fiasco
News A software error on the EDS-designed tax credits IT system resulted in overpayments to 455,000 households in 2003 totalling almost £100m and the Inland Revenue has admitted it may be forced to write off more than £50m of that sum.
[June 22, 2005, 9:35]
Taxman's £236m IT nightmare
News The government has revealed that a total of £236m - exclusive of VAT - has been paid to both EDS and Capgemini for the IT systems behind the disastrous new tax credits system. The tax credits system has been called a "nightmare" by MPs and a report...
[October 27, 2005, 16:10]
1,500 government staff hit by ID theft scam
News Criminals have stolen the identities of 1,500 Department for Work and Pensions (DWP) staff and used them to make fraudulent claims on the government's tax credits Web site. HM Revenue and Customs (HMRC) has been forced to close the tax credit e...
[December 5, 2005, 8:25]
Tax Estimator for iPhone
Downloads It contains all tax adjustment, tax deduction, tax credits, etc. Tax Estimator for iPhone application will help you to find out how much you might get refund from the US Federal Government, or how much you might owe to the Federal Government.
[September 18, 2009, 7:42]
Tech industry cheers government's R&D progress
News This isn't the first time that Brown has turned to these tax credits -- which allow companies to claim back some of the cost of their R&D work against their tax bill -- to drive the UK's science and technology sectors.
[December 3, 2004, 15:35]
Government: we've learned from our IT mistakes
News One of the worst was the tax credits fiasco, where tax credit recipients received over £2bn in overpayments. The government has learned from its past mistakes in implementing large-scale IT projects, according to the minister responsible for the...
[June 16, 2006, 17:20]
Filesharing and bilesharing: a 'three-strikes' rant
Blog It's all down to tax credits and overseas strikes. This is all about timing and tax breaks. 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...
[May 12, 2009, 12:43]
