Tag: HMRC

HMRC: House sales see slight rise in June

HMRC: House sales see slight rise in June

HM Revenue & Customs (HMRC) has today revealed a marginal rise in the number of homes sold in June in the UK. According to HMRC, 73,000 homes worth at least £40,000 or more were sold in the month – 5,000 higher than May’s level of 68,000. However, it is 12,000 lower than June 2010’s figure. [...]

July 22, 2011 | 0 Comments More
HMRC: House sales continue to fall in May

HMRC: House sales continue to fall in May

HM Revenue & Customs (HMRC) has today revealed a further fall in the number of homes sold in May in the UK. According to HMRC, 68,000 homes worth at least £40,000 or more were sold in the month – 2,000 lower than the revised total of April and 3,000 lower when compared with May 2010. [...]

June 21, 2011 | 0 Comments More
HMRC: House sales fall in April

HMRC: House sales fall in April

HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in April in the UK. According to HMRC, 66,000 homes worth at least £40,000 or more were sold in the month – 1,000 less than the previous month and 6,000 lower than in April 2010. Today’s figures, along with [...]

May 24, 2011 | 0 Comments More
HMRC: House sales rise in February

HMRC: House sales rise in February

HM Revenue & Customs (HMRC) has today revealed a slight rise in the number of homes sold in February in the UK. According to HMRC, 57,000 homes worth at least £40,000 or more were sold in the month – 4,000 more than January‘s levels. The figures come as the British Bankers’ Association (BBA) revealed a [...]

March 23, 2011 | 0 Comments More
HMRC: House sales slump in January

HMRC: House sales slump in January

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in January in the UK. According to HMRC, just 54,000 homes worth at least £40,000 or more were sold in the month – the lowest number since January 2010. The figures are revealed as the British Bankers’ Association (BBA) reported [...]

February 23, 2011 | 0 Comments More
BBA: Mortgage approvals down 29% on year in January

BBA: Mortgage approvals down 29% on year in January

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in January. According to the BBA, the number of new mortgages approved in the month stood at 28,932 - marginally better than December’s levels but 29% lower compared with January 2010. The figures [...]

February 23, 2011 | 0 Comments More
HMRC: House sales slightly up in 2010 on year

HMRC: House sales slightly up in 2010 on year

HM Revenue & Customs (HMRC) has reported that the number of homes sold in the UK during 2010 was 885,000. While this was a slight improvement on 2009 levels, it was just over half of the peak seen during the housing boom years of 2006 and 2007. The figures are evidence that the housing market [...]

January 26, 2011 | 0 Comments More
BBA: Mortgage approvals continue to fall

BBA: Mortgage approvals continue to fall

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in December. According to the BBA, the number of new mortgages approved in the month fell to 28,726, down from 29,696 in November - representing the lowest figure since January 2009. Net mortgage [...]

January 26, 2011 | 0 Comments More
HMRC: House sales down in November

HMRC: House sales down in November

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in November in the UK. According to HMRC, 77,000 homes worth at least £40,000 or more were sold in the month - down from the 80,000 sold in October and 6,000 less than in November last year. The figures are [...]

December 21, 2010 | 0 Comments More
HMRC: House sales down in October

HMRC: House sales down in October

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in October in the UK. According to HMRC, 79,000 homes worth at least £40,000 or more were sold in the month, a fall of 11% on an annual basis. While it was 1,000 higher from September’s figure, it is evident [...]

November 24, 2010 | 0 Comments More
Recession hits personal pension contributions

Recession hits personal pension contributions

Figures published by HM Revenue & Customs (HMRC) revealed the recession had a severe impact on personal pension contributions. According to figures, workers put £1 billion less into their personal pensions last year - the first fall since the mid 1990s and was primarily due to lower employee contributions. Higher unemployment during the period and [...]

May 18, 2010 | 0 Comments More
HMRC to see big rebound in income tax

HMRC to see big rebound in income tax

HM Revenue & Customs (HMRC) has said the Government is expected to see a rise in income tax revenue this year. Income tax revenue has plummeted over the last two years, one of the reasons is the recession which has hit tax revenues. Tax receipts and corporation tax takings have been lower, as well as [...]

May 5, 2010 | 0 Comments More
House sales hold steady as RICS forecasts 2010 price rises

House sales hold steady as RICS forecasts 2010 price rises

New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October. However, last month’s total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the [...]

December 22, 2009 | 0 Comments More
HMRC confirms which organisations are affected by new super tax

HMRC confirms which organisations are affected by new super tax

HM Revenue & Customs (HMRC) has confirmed that the bank bonus tax will not apply to staff of non-banking firms such as insurers, assets managers and stockbrokers. There were queries about which organisations would be affected by the 50% tax, which was announced the Pre-Budget Report, but it has been confirmed that it will apply [...]

December 21, 2009 | 0 Comments More
NAO reveals pensions overpaying £250m in tax

NAO reveals pensions overpaying £250m in tax

A report by the National Audit Office (NAO) has revealed that around 1.5 million pensioners have made overpayments in income tax due to processing errors. Furthermore, the NAO revealed that around 3.2 million were neglecting to take up their allowance entitlements. The watchdog also estimated that half a million pensions have underpaid tax, by an [...]

October 23, 2009 | 0 Comments More
House sales up in May

House sales up in May

Latest figures from HM Revenue & Customs (HMRC) show a rise in the number of homes sold in the UK during May. Transactions involving properties worth over £40,000 increased by 7% last month to 62,000 and were at their highest since October 2008. However, they remained significantly below levels seen at the height of the [...]

June 25, 2009 | 0 Comments More
UK’s £1bn crackdown on tax evaders

UK’s £1bn crackdown on tax evaders

HM Revenue & Customs (HMRC) has embarked on a new campaign in order to get millions of pounds of unpaid tax from offshore bank accounts and has used the 2009 Budget to introduce the new “offshore disclosure opportunity” which will run until March 2010. It is an invitation to people with offshore accounts to disclose [...]

April 23, 2009 | 0 Comments More
Business tax scheme gives £1bn boost to economy

Business tax scheme gives £1bn boost to economy

A government scheme designed to reduce the tax burden on British businesses has proved a success, helping over 60,000 firms deal with cash-flow problems. The Business Payment Support Service (BPSS), announced last November in the Chancellor’s Pre-Budget Report, provides a fast-track service for businesses who need more time to pay their tax bills. These businesses [...]

February 16, 2009 | 0 Comments More
House sales fall 53%

House sales fall 53%

The extent of the slowdown in the UK housing market is amply illustrated by latest figures from HM Revenue & Customs (HMRC), which receives notification of all residential property transactions with a value of over £40,000. According to HMRC, a mere 59,000 residential properties changed hands in September. The figure is at its lowest since [...]

October 21, 2008 | 0 Comments More
Only 62,000 UK homes sold in August

Only 62,000 UK homes sold in August

HM Revenue & Customs has reported that the number of homes sold in the UK fell to 62,000 in August, a 60% year-on-year decline. The figure sits alongside latest data from the British Bankers’ Association (BBA), which announced yesterday that mortgage approvals for house purchases fell to 21,086 in August, down 63% on August 2007 [...]

September 24, 2008 | 0 Comments More