HMRC have published details of a new consultation they are undertaking to tighten the rules that will be applied to tax payers who use avoidance schemes to artificially reduce their tax liabilities.
The…
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Self Assessment late filing penalties
Feb 03, 2015
The deadline for submitting your Self Assessment tax return for 2013-14 has passed. The online filing date, after which penalties apply, was midnight, 31 January 2015.
Penalties…
What is a reasonable excuse for late filing
Feb 03, 2015
You may feel aggrieved that you were unable to file your return on time for a perfectly valid reason. If you want to appeal against any penalties charged there is a formal appeals procedure you should…
Home based businesses and business rates
Feb 03, 2015
The local property tax you pay, in England and Wales, will be either Council Tax or Non-domestic (business) Rates depending on the type of property. Some properties are part business and part domestic,…
Snugglebundl wins appeal
Feb 03, 2015
In a recent case considered by the courts a company that sold a baby lifting blanket appealed a ruling by HMRC that the supply was standard rated for VAT purposes.
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Tax Diary February/March 2015
Feb 03, 2015
1 February 2015 - Due date for Corporation Tax payable for the year ended 30 April 2014.
19 February 2015 - PAYE and NIC deductions due for month ended 5 February 2015. (If you pay your…
Statutory Maternity and Paternity Pay
Jan 30, 2015
What you can reclaim
As an employer, you can usually reclaim 92% of employees’ Statutory Maternity (SMP), Paternity and Adoption Pay.
You can reclaim 103% if your business qualifies…
Women are more likely than men to send in their tax return on time
Jan 27, 2015
Women are more likely than men to send in their tax return on time, an HM Revenue and Customs (HMRC) analysis has revealed.
For every 10,000 tax returns received last year by HMRC from men,…
Have you utilised your exempt amount for capital gains tax purposes
Jan 22, 2015
As we are approaching the end of the 2014-15 tax year, individuals who own assets that are subject to capital gains tax (CGT) may be advised to consider the comments made in this article.
If…
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