Money Statistics for January 2016

Some people, often through no fault of their own, find themselves with debts they struggle to repay. We understand how money worries affect everyday life and that facing up to financial challenges can be extremely difficult and stressful. Seeking help is not easy but, from our experience, it really is an important step. You should be reassured to know that there are options available and, with the right advice and support, you can look forward to a more financially secure future.

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Contractors Now on HMRC’s Radar

Contractors Now on HMRC’s Radar

Many contractors across the UK are facing bankruptcy after becoming the latest target for HMRC in its pursuit of unpaid tax. Those affected can expect to receive a demand for backdated taxes, which can relate to periods of employment from many years ago, to be paid in full within a three-month deadline.

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Guest Blog: Direct Recovery of Debts – New HMRC Powers

Guest Blog: Direct Recovery of Debts – New HMRC Powers

This blog has been prepared for mlm Solutions by Adrian Wood of Adrian Wood VAT Consultancy Ltd.

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Consumers Feel Confident About Paying Off Debt

Consumers Feel Confident About Paying Off Debt

Confidence levels in paying off unsecured debt remain high, with four in five (83%) of those surveyed feeling confident or very confident that they will meet their future repayments, according to a recent report from Lloyds Bank.

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HMRC Delivered Record Tax Revenues in 2014-15

HMRC Delivered Record Tax Revenues in 2014-15

HM Revenue and Customs (HMRC) recently announced that a record £517.7 billion in tax was collected in 2014-15 as a result of economic growth and the continued crackdown on tax evasion and avoidance. This is apparently an increase of £12 billion on the previous year.

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