Chance for Employees to “come clean” to HMRC
A recent campaign aimed at people who are employed but also have income from self-employment which they have not declared has been launched by HMRC. …
Income Tax
Budget 2014 – Personal Tax
Personal Allowance for 2014/15 For those born after 5 April 1948 the personal allowance will be increased from £9,440 to £10,000. The reduction in the …
HMRC attacks LLPs as “Tax Avoidance”
At least that’s the view in a report recently published by the Office for Tax Simplification (OTS). In the review of the tax treatment of …
HMRC win dividend waiver case
We highlighted in this blog as long ago as 2012 HMRC’s increasingly aggressive stance against what has long been held as legitimate tax planning by …
HMRC Tackling Fraud – an Update
At a time when there has never been a greater focus on “morally repugnant” tax planning, we thought it might be interesting to see how …
Why My Tax Return is Late…
There are may legitimate reasons why you may struggle to submit your tax return before the 31 January deadline, but don’t expect much sympathy from …
Autumn Statement 2013
In a surprise move the Chancellor moved his autumn statement from the usual Wednesday to a Thursday. Starting with a note of caution on the …
Should you complete a Tax return?
It’s a question we’re often asked as Accountants “Do I need to complete a self-assessment tax return?” Usually the answer is a simple “Yes” or …
Double trouble for partnerships and LLPs
A consultation document has been published by H M Revenue & Customs (HMRC) attacking LLP members whose terms are similar to those of employees and …