UHY Ross Brooke Chartered Accountants
Less than one month before the self-assessment submission deadline, 5.7m people still had not filed their tax return. Over 12 million people are required to submit tax returns for 2022/23, many as a result of overlooked income such as renting out property through Airbnb, cryptoassets, having savings, investments or even
For as long as I can remember forms P11D (Returns of Benefit in Kind) have been a mainstay of our tax system. I recently googled when they first came into existence and surprisingly it was as far back as the 1960s. By Chris Davies The original purpose was to tax
HM Revenue and Customs (HMRC) have announced that nearly 44,800 people have sorted their upcoming 31 January tax bill by setting up a payment plan. HMRC provide the option of a monthly payment called Time to Pay (see link below). Provided taxpayers owe less than £30,000, they can use HMRC’s
Self-assessment deadline 2022/2023 Remember to file your self assessment tax return for tax year 2022/23 by 11.59pm on 31st January 2024, but don’t leave it until the last minute to prepare or submit it! If you were hoping to send a paper return, you’re too late, and will have to
HMRC recently launched a new campaign targeted at crypto investors as part of a crackdown on tax evasion. They have introduced a new disclosure and payment service for taxpayers to voluntarily disclose and pay any unpaid taxes associated with cryptoassets. Cryptoassets (also known as tokens or cryptocurrencies) include exchange tokens
It seems that not everyone was eating turkey and pulling crackers on Christmas Day. HMRC announced that 4,757 taxpayers filed their Self Assessment tax return on Christmas Day. This added to 8,876 being filed on Christmas Eve and a further 12,136 being filed on Boxing Day. Apparently, the peak time
Most of us will use Google when we want to know the answer to a simple question, but why should you use a specialist tax advisor rather than Google or AI for tax advice? By Chris Davies First, tax advisors offer personalised guidance tailored to your specific financial situation, something
Yes clearly ridiculous I know, but Felicity Harper the appellant in a recent First Tier tribunal case may have found it so funny. By Chris Davies Ms Harper appeared before the FTT to dispute a failure to notify penalty from HMRC for over £3,000, on the basis that she had
Following the recent Autumn Budget statement there has been speculation that a General election might be called as early as Spring 2024. Normally, in the run up to a General Election there are tax give aways in an attempt to re-elect the incumbent political party. One rumour that has been
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax