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CGS: Credit Guarantee Scheme - a scheme introduced in 2008 allowing banks to issue debt guaranteed by the government. The scheme closed in October 2012. SLS: Special Liquidity Scheme - designed to allow easier access to market liquidity by using UK Treasury securities as collateral. The scheme closed in January 2012.
Making Tax Digital ( MTD) is a UK government initiative that sets out a vision for the 'end of the tax return ' and a 'transformed tax system', announced in 2015 and originally intended to be in place by 2020. [1] HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and ...
In the United Kingdom, a tax return is a document that must be filed with HM Revenue & Customs declaring liability for taxation. Different bodies must file different returns with respect to various forms of taxation. The main returns currently in use are: SA100 for individuals paying income tax. SA800 for partnerships.
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Facts. Customs and Excise needed to freeze the bank account of a Barclays customer. By law, banks are required to comply with requests for freezing orders and are paid for the service. When it received the request, the bank replied that it would abide. But due to "operator error", the customer proceeded to empty all of the money from the account.
Prior to the formation of the Kingdom of Great Britain in 1707 and the United Kingdom in 1801, taxation had been levied in the countries that joined to become the UK. For example, in England, King John introduced an export tax on wool in 1203 and King Edward I introduced taxes on wine in 1275. Also in England, a Poor Law tax was established in ...
The loss of United Kingdom child benefit data was a data breach incident in October 2007, when two computer discs owned by HM Revenue and Customs containing data relating to child benefit went missing. The incident was announced by the Chancellor of the Exchequer, Alistair Darling, on 20 November 2007. The two discs contained the personal ...
Businessmen. Sir David Rowat Barclay (27 October 1934 – 10 January 2021) and Sir Frederick Hugh Barclay (born 27 October 1934), [1] commonly referred to as the " Barclay Brothers " or " Barclay Twins ", were British billionaire brothers, of whom Frederick Barclay is now the sole survivor. They were identical twin brothers and, until the death ...