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Upper Tribunal considers whether compromise agreement precluded VAT recovery assessment
The Upper Tax Tribunal recently considered whether HMRC was entitled to issue an assessment to recover amounts of VAT paid to the taxpayer in error. […]
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Do you need to appeal a VAT Surcharge Notice when the amount due is £nil?
The VAT surcharge system imposes no penalty the first time a business submits its VAT return later than it should have done. Â Neither is there […]
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Taxpayer wins appeal against level of penalty reducing it from 75% to 18%
It’s fair to say that in the world of sport, the decision of the referee to give a penalty can be contentious. Unfortunately for […]
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Compliance costs SMEs
SMEs pay almost £10 billion in tax compliance costs each year, according to research by the Association of Accounting Technicians (AAT). In a recent survey of 500 […]
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Prompt Payment Discounts are Changing!
 If you make or receive prompt payment discounts, you need to read this. HMRC has recently reminded us of its intention to remove one of […]
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Employers face Auto Enrolment Penalties
Many of Britain’s small businesses are sleepwalking towards a workplace pension’s disaster. Thousands of UK Business Owners are missing the legally binding deadlines by which […]
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Solicitors – Limited time tax disclosure opportunity
Are you a Solicitor? Are your tax affairs up to date? Are you certain? In the latest in its series of campaigns, HMRC has recently […]
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Do you have income overseas?
As the tax return season draws to a close again, HMRC have issued updated guidance to assist UK resident tax payers in bringing their tax […]
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No Will? Changes to who inherits when you die….
If a person dies without leaving a valid Will the laws of intestacy spell out who is entitled to what. Unmarried partners, close friends and […]