Sentences with phrase «backdated tax»

«This ruling could open the floodgates for HMRC to pursue thousands of British tax exiles for backdated tax.

After Google announced this weekend that it would pay # 130m in backdated tax since 2005, George Osborne hailed the deal as a «major success» for the government.

Public outrage ensued after it emerged last month Google and HMRC reached an agreement that saw the American firm pay # 130m in backdated tax since 2005.

The Low Incomes Tax Reform Group (LITRG) believe that many thousands of people who claim working tax credits are losing out on money they are legally entitled to because HMRC is excluding them from its automatic backdating regime and failing to inform them they have a right to claim backdated tax credits.

However some of these claimants will have received backdated tax credits, either because they came off certain benefits at the same time and therefore got automatic backdating, or because they successfully claimed backdated tax credits, despite the obstacles in their way.

Nevertheless LITRG believe a significant proportion of these claimants have not received the backdated tax credits to which they are entitled.

On Tuesday, at the CNBC - Institutional Investor Delivering Alpha conference, Treasury Secretary Steven Mnuchin said the Trump administration is considering backdating tax reform to boost the economy.

Backdating tax reform to January 2017 also assumes a bill will be passed this year.

«Backdating tax reform is a really poor idea,» said Steven Rosenthal, senior fellow at the Urban - Brookings Tax Policy Center.

Not exact matches

Mnuchin said that making tax legislation backdated to January 1, 2017, is «absolutely» something the White House is considering in an interview with CNBC's Delivering Alpha conference on Tuesday, predicting such a move would be a «big boon to the economy.»

Instead of backdating corporate tax cuts, the GOP could instead opt to render individual reforms retroactive.

Review all working tax credit claims where no backdating has been given and write to each customer requesting the information necessary to establish whether backdating was due.

«Neither of HMRC's tax credit leaflets says anything about how to request backdating or who needs to do it.

«It is clear to us that HMRC owe many tax credit claimants a lot of money for backdating payments not made.

«One of the most welcome features of the tax credit system is the facility to backdate entitlement by up to three months before the claim has been received by HMRC.

«For most tax credit claimants, HMRC gives this backdating automatically on receipt of the claim.

Leading Labour rebels Frank Field and Greg Pope are continuing their campaign to ensure income tax compensation is backdated.

Both of these major tax cuts will be backdated so they are effective from the 1st of January this year, and my HF the Exchequer Secretary will work with the industry to give them our full support.

And dealing along with 4 properties that she left me and backdated property taxes.