What will HMRC avoid telling you?

Apr 05, 2019

There are three things that you can count on that HMRC will do:

  1. Calculate the amount of tax you owe based on the information they have gathered.
  2. Chase you for payment of this…

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Retaining business records

Apr 03, 2019

Sole traders

If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission…

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Spring Statement March 2019

Apr 03, 2019

The following comments were written on the 13th March 2019 immediately following Philip Hammond’s presentation of the 2019 Spring Statement to Parliament. In theory, the government uses the Spring Statement…

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BREXIT update

Apr 03, 2019

The last few weeks have seen some of the most extraordinary political manoeuvrings in the UK parliament, and as we complete the edit of this article, the EU parliament seems to have given us a few extra…

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Can't pay your tax?

Apr 03, 2019

A reminder that HMRC may consider extended options for settling your outstanding tax bill. The key is to contact HMRC, explain why you can’t pay on time, and discuss how you can settle any outstanding…

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Are home to work travel costs ever allowed?

Apr 02, 2019

Ordinary commuting between home and work incurs costs: either shoe leather, if you walk, or the cost of transport. For most employees these costs are considered to be personal costs and are not deductible…

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How are dividends taxed?

Mar 26, 2019

Dividends received from shares held in UK companies form part of a tax-payers self-assessment. The payments are made by the paying company without any deduction of tax and therefore the amount received…

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Brexit , no end in sight

Mar 21, 2019

On the 12 March the government updated its advice to traders with the EU. The advice assumes a no-deal outcome.

On the basis that being prepared for the worst possible outcome, and a no-deal…

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Pension shakeup

Mar 19, 2019

The past week, and who knows for how long into the future, has been a crazy week for politics in the UK. Brexit is challenging the way manage our democracy and it will be interesting to see how matters…

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