Is Pension Tax Relief about to be cut?
It has been rumoured that in the upcoming budget on 8th July that one of the chancellors target areas could be restricting the higher […]
Is Pension Tax Relief about to be cut? Read More »
Income Tax
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
Compliance costs SMEs Read More »
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
Solicitors – Limited time tax disclosure opportunity Read More »
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
Do you have income overseas? Read More »
Trustees take note!
FATCA is here! In September 2012 the UK and US signed a treaty to implement the Foreign Account Tax Compliance Act (FATCA) in the UK.
Trustees take note! Read More »
HMRC error affects 5 million taxpayers (again)
In a leaked email, HMRC has admitted that over 5 million taxpayers may have had their liabilities calculated incorrectly. Despite subsequent adjustments and assessments, and
HMRC error affects 5 million taxpayers (again) Read More »
Have you had a letter from HMRC? Are you subject to the High Income Child Benefit Charge (HICBC) – or perhaps not?
HMRC have recently issued an estimated 30,000 letters to higher rate taxpayers it suspects of not having repaid their Child Benefit. The letters appear to
Undeclared offshore income? Time is running out…
HMRC is stepping up efforts to tackle offshore tax evasion in its updated strategy document ‘No safe havens 2014’. The paper proposes the introduction
Undeclared offshore income? Time is running out… Read More »
HMRC Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 March 2014. HMRC’s website states: ‘These rates apply to all journeys
HMRC Advisory fuel rates for company cars Read More »
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.
Chance for Employees to “come clean” to HMRC Read More »
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