News

Good news on investment spending (and pass the paracetamol)

Friday, 28 Mar 2014 by Webmaster

Clients looking to invest in a tax-efficient way can be heartened by some of the measures outlined in the Budget 2014 set of announcements.

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A Budget for Beer and Bingo

Wednesday, 19 Mar 2014 by Webmaster

George Osborne has presented his 2014 budget for "makers, doers and savers" no doubt encouraged by the biggest upwards revision in growth estimates for some years.

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Employment allowances - are you getting yours?

Thursday, 13 Mar 2014 by Webmaster

From 6th April most employers will be able to claim up a reduction in NIC payments of up to £2,000 per tax year.

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Heads up for genuinely self-employed : HMRC going too far!?!

Monday, 17 Feb 2014 by Webmaster

HMRC is continuing to tackle what is sees as abuse by Personal Service Companies, but the new proposals are too wide and will catch some genuinely self-employed people.

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Online filing - RTI penalty timetable

Thursday, 13 Feb 2014 by Webmaster

HMRC has announced that the start to penalties for online filing defaults is to be slightly deferred.

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Tax returns - the late late show

Thursday, 30 Jan 2014 by Webmaster

Our last few stragglers are returning their tax returns now, and if everything goes to plan we will get all our clients expected tax returns filed over the next couple of days.

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Its tax return time again (standing in a bucket)

Monday, 20 Jan 2014 by Webmaster

In addition, for late payment of the tax you are charged 5% of the balance on 28 February and after 6 and 12 months - and that is on top of late payment interest.

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Searching for "Inner Peace" on Christmas Day?

Friday, 27 Dec 2013 by Webmaster

HMRC reports that 1,566 people had nothing better to do on Christmas Day than file their tax return online. 

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Chancellors Autumn Statement

Sunday, 8 Dec 2013 by Webmaster

Chancellor Osborne made his “State of the Union” address on 5th December, and some of the headlines are below.

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HMRC and what they don't know about IR35

Friday, 8 Nov 2013 by Charlie Sands

HMRC seem to know a lot less than you might think about IR35 and the impact the legislation is having.

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VAT cheats crackdown

Thursday, 31 Oct 2013 by Webmaster

HMRC has announced that it is "cracking down" on fraudulent VAT repayment claims. Hurrah! But what does that mean for an ordinary business?

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Hector is watching you!

Friday, 20 Sep 2013 by Webmaster

HMRC is giving landlords a chance to put their tax affairs in order.

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Mind the gap (again): tax planning - the brightest heaven of invention

Wednesday, 18 Sep 2013 by Webmaster

ICAS's director of taxation, Elspeth Orcharton, says she is cautiously optimistic following the ARC meeting where senior HMRC staff, the leading accountancy bodies, politicians and others all agreed more was needed than hysteria and ill informed outbursts.

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Loans to company directors - HMRC consults on reform

Tuesday, 13 Aug 2013 by Webmaster

HMRC is consulting on Close Company Loans to Participators just now, but we fear that the proposals are fundamentally flawed...

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Revised terms and conditions

Wednesday, 5 Jun 2013 by Webmaster

The Insolvency Complaints Gateway starts operating today, and will be run by the Insolvency Service.

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Tax assessments - when HMRC can't "discover" more tax is due

Wednesday, 8 May 2013 by Webmaster

There has recently been a flurry of discussion of a Tribunal decision that looked at when HMRC could open a "discovery" assessment outwith the normal 12 month window.

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RTI breathing space for small businesses

Sunday, 31 Mar 2013 by Webmaster

HMRC has had a last minute change of heart and agreed to delay the requirement for small businesses to report in "real time" - but only for 6 months.

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2013 Budget

Wednesday, 20 Mar 2013 by Webmaster

Chancellor Osborne has delivered his latest slight-of-hand budget.

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HMRC closing ALL its enquiry centres

Tuesday, 19 Mar 2013 by Webmaster

The announcement by HMRC that they are to close all 281 of their enquiry centres is not an early April Fool's joke.

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Statutory Residence Test

Friday, 1 Mar 2013 by Webmaster

The introduction of the new Statutory Residence Test (SRT) was deferred, but it will be with us from 6th April 2013.

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