HMRC Offer Solicitors Tax Amnesty

Dec
9
Posted 2014 by admin

HMRC now hold an enormous amount of data and powerful digital intelligence systems to identify people who have failed to pay the right amount of tax. From 8 December 2014 to 9 June 2015 anyone… Read More

Our view on the 2014 Autumn Statement

Dec
4
Posted 2014 by admin

We broadly welcome measures introduced in the Chancellor’s Autumn Statement to help SMEs. Recognising that SMEs make the biggest contribution to the creation of jobs and wealth in the UK this final Autumn Statement of the… Read More

Lets Party!

Nov
26
Posted 2014 by admin

In general terms employees and directors are assessed to tax on the cost of any social functions provided by their employer. There is however an exemption that applies to an annual function or functions (for… Read More

Belly dancer fails to impress

Nov
21
Posted 2014 by admin

Private tuition is exempt from VAT provided that it is both given by an individual teacher acting independently of an employer; and a subject ordinarily taught in school or university. The first point is fairly… Read More

Landlords given the chance to "come clean"

Nov
20
Posted 2014 by admin

Landlords are being given the opportunity to come clean over whether they owe tax. HM Revenue and Customs (HMRC) is targeting landlords in a new campaign, which is expected to run until March 2015. However,… Read More

IR35 – October 2014 update

Oct
1
Posted 2014 by admin

The IR35 Business Entity Tests and example scenarios have been with us for over 2 years now, but are they working? No, according to the minutes of a recent meeting of the IR35 Forum consisting… Read More

Stop throwing your money away

Aug
29
Posted 2014 by admin

Apparently there are still 500,000 Self-Assessment Returns outstanding for 2012/2013 (due to be filed by 31 January 2014). Including £10 daily penalties, at potentially £1,000 a Return that is a staggering £500 Million in penalties… Read More

Where has all my money gone?

Aug
22
Posted 2014 by admin

Let’s face it, no-one enjoys paying tax, but in general we recognise that public services such as the NHS need funding. Like many others, I pay my tax and have no time for those who can pay… Read More

Lies, damn lies and statistics

Jul
29
Posted 2014 by admin

In a worrying move, HMRC has been writing to a number of tradesmen informing them that the figures submitted in their tax returns do not compare with the results filed by their competitors and/or the benchmarks… Read More

Bad news for pensioners

Jul
28
Posted 2014 by admin

If you will be in a in a position to draw your state pension in the near future you should be aware that the government has set out plans to reduce the annual state pension… Read More