Politicians have meddled with the tax system so often (without prior consultation) that HMRC cannot work out the right or (as they s
The recent Budget proposed massive increases to the fee you need to pay to deal with someone’s estate when they’ve died in England a
You may have read or heard on the news this last week about HMRC’s recent decision not to charge a penalty for people despite their
Are you a contractor – if so READ ON to see how you are now subject to new HMRC reporting requirements?
If you are contractor, you will almost certainly be affected by new strict reporting requirements which came in from 6 April this ye
I would remind everyone to be aware of scam emails purporting to be from HMRC.
You can pay employees up to a maximum of £5K tax free if they make suggestions for improving revenue or profitability
Employers can make a tax free payment (under section 321 of ITEPA 2003) of up to £5,000 to encourage staff to make suggestions to im
HMRC going after Class 2 NIC on those who simply own buy to let properties
Important changes to VAT Treatment of Supplies of Broadcasting, Telecommunications and Electronically Supplied services
On 1 January 2015, there is an important change to the VAT place of supply of services rules.
HMRC has issued a number of penalty notices stating that a penalty has arisen due to the failure to submit forms P11D for 2013/14.
We have seen a couple of instances where clients have received a letter from HMRC saying that the submitted tax return may be wrong
Employee Benefit Trusts (EBTs) were used a lot in the early 2000s, particularly by medium & large companies to offer benefits to
A chance to petition the government to reconsider their proposal to dip into our bank accounts and take tax directly
I recently signed the following e-petition: http://epetitio
There are various levels of HMRC investigation ranging from a simple phone call telling you that you have miscalculated your
Non-Profit Making Sports Clubs now don't need to add VAT on fees charged to non-members and could get a repayment of VAT for VAT charged in the past
HMRC has released a Brief in respect Members' golf clubs and other non-profit making sports clubs
The Inheritance and Trustees’ Powers Act 2014 was given Royal Assent on 14 May.
Our new and improved excel spreadsheet is now available for recording your business transactions.
Provided a property was actually your only or main residence at some time in the past, prior to 6 April 2014, the last 3 years would
An elderly man with poor memory had a reasonable excuse for sending his tax return late, a tribunal has ruled.
Growth Vouchers programme
This government programme helps small businesses get expert advice on:
If your pension savings are projected to be valued in excess of £1.25 million by the time you reach retirement, then you urgently ne
If you have received an email recently apparently from Companies House regarding a company complaint, it is a spam and you should no
The rules HMRC applies are reasonably straightforward: if your claim for PPI compensation is upheld, you will get a refund of premiu
In the 2013 Autumn Statement the government announced its intention to introduce a scheme for pensioners to top up their Additional
We propose to set salary levels in 2014/15 for shareholder directors and their immediate family at £9,880 for the year or £823.
Where a client has a number of outstanding liabilities of which some are interest-bearing or may give rise to penalties and some (su
In the current climate many businesses are finding themselves in a position whereby they do not have funds to pay the VAT bill at th
If you are a director of one company (A) and provide services to another company (company B - and invoice that other company B for t
HMRC Public Notice 700/21 has been updated and one of the updates is in relation to new guidance on issuing VAT simplified invoices
HMRC has launched a new campaign to get people who have not declared all their rental income to come forward.
Don't forget that the minumum wage rates changed from 1 October 2013.
The new rates are:
HMRC has published the advisory fuel rates to be
If all of the following conditions apply for 2012/13 and you are not yet submitting self assessment tax returns, you will need to re
… unless your child is still in education or training. But you will need to contact HMRC.
HMRC will very soon be given information automatically of interest and assets held by UK residents in British Crown Dependencies suc
HMRC have just issued Brief 11/2013 which announces changes to the VAT treatment of Portfolio Management Fees from 1st December 2013
The pressure placed on HMRC by the Treasury to increase tax revenues has been well documented in recent years. Indeed the gove
All employers can pay childcare costs or offer vouchers for directors/employees towards their childcare costs.
HMRC has sensibly announced a relaxation of the payroll reporting requirements under Real Time Information (RTI) for businesses with
HMRC has announced a new campaign for individuals who have previously sold a residential property either in the UK or abroad which i
HMRC has published the latest table of advisory fuel rates, which apply to all journeys on or after 1 March 2013 until further
Real Time Information (RTI) represents one of the biggest changes to the PAYE system since it was introduced.
HMRC has recently announced a new disclosure facility for individuals who have unpaid taxes connected with the Isle of Man.
The Government is currently putting in place the legislation to implement what was designed to be a simplified way fo accounting for
A capital gain on the disposal of your main residence is exempt from Capital Gains Tax.
HMRC has published the latest table of advisory fuel rates, which apply to all journeys on or after 1 December 2012 until further no
The introduction of the child benefit charge for parents where one earns more than £50K has begun to be publicised.
HMRC has published the latest table of advisory fuel rates, which apply to all journeys on or after 1 September 2012 until further n
In a recent case (J R Hanson and the commissioners for HMRC - UKFTT 314), penalties that had been imposed on a taxpayer for a "carel
HMRC is changing the phone numbers to call for Corporation Tax matters.
The VAT treatment has changed for three types of supplies connected to "Land":
The minimum wage rates for those aged 21 or over and for apprentices aged under 19 are increasing again with effect from 1 October 2
If your company provides you with a company car but you do not get private fuel costs provided as well, you can claim a fixed amount
The ICAEW today released an excellent analysis of the reasons why the proposed Child Benefit tax charge for couples earning more tha
HMRC has published the tests which are to apply to contractors to determine the risk of them being within IR35.
The Department for Business Innovation & Skills has published a new online toolkit, which provides first-time employers with a s
If you are claiming tax credits, HMRC has warned you have until 31 July to renew your claim or risk having your payment stopped.
To see the new tax rates applicable for 2011/12 and 2012/13, just click the PDF file attached
From today, 1 March 2012, it will no longer be as cheap to wind up solvent companies where the net assets total more than £25,000.
The tax free amount that employers can pay employees for using their home for business without needing to provide HMRC any evidence
The statutory redundancy payment increased from 1 February 2012 to £430 a week.
HMRC has recently announced that it has changed its mind about the tax treatment of smartphones.
From 1 April 2012, all VAT-registered businesses must send their VAT returns online and pay their VAT electronically.
The cost of a staff party or other annual event is normally tax deductible provided the following rules are followed:
New rates apply to all journeys on or after 1 December 2011 until further notice (see PDF file attached).
Since 1 October 2011, employers can no longer enforce employees' retirement at the age of 65.
The Chancellor's Autumn Statement on 29 November may have reflected a gloomy outlook for the UK economy but there are some
The UK/Swiss Tax Agreement was signed and published on 6 October 2011. All UK resident tax payers who have banking arrangement
HMRC has stared to target anyone who receives income from private tutoring and does not declare and pay tax on the income.
The Department for Business, Innovation and Skills has announced the national minimum wage rates from 1 October 2011:
If you have been paying HM Revenue & Customs (HMRC) any type of tax using Bank of England sort codes and account numbers, you wi
We have been asked a few times now why, if you are a director of your own company, we have set the salary levels this year at £602.0
If your are self employed, namely a sole trader or a member of a partnership, you will know you have to pay Class 2 National Insuran
HMRC has just published proposed legislation for a new statutory residence test.
Remember - You can now claim 45 pence per mile where you use your own car for business purposes.
HMRC has just published proposed legislation for the reform of the tax treatment of non-UK domiciled individuals.
We would like to draw to your attention some key changes concerning the penalties that will be charged if your 2010/11 tax return is
The ICAEW has just released useful information about pension changes which will affect every business
Last Tuesday Chancellor George Osborne announced his emergency budget. Here's our brief summary of the pertinent points:
From May 2010, you will be charged a penalty if you are late more than once in paying your PAYE/NIC in a tax year.
The previous Labour Government announced that the national minimum wage rate is to rise with effect from 1 October 2010.