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Late Filing Penalties

Published 07/08/2015

HMRC have now issued the first in-year penalties notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC. Rather than issue late filing penalties automatically when a deadline is missed, HMRC have announced that they will 'take a more prop...

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Time to Pay Arrangements - Mandatory Direct Debit

Published 07/08/2015

Where a taxpayer has difficulty paying their tax liabilities HMRC may agree 'time to pay arrangements' whereby the taxpayer agrees to pay off the amount owing by instalments after the due date. These arrangements are only entered into where the taxpayer is genuinely unable to pay by the due date and...

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Ebay and Paypal users face 'huge' tax crackdown

Published 27/07/2015

HMRC will be given new powers to obtain details of millions of online transactions from companies including Paypal, Ebay and hotel comparison websites to target those failing to pay tax. Online sellers who use Ebay, holiday letting websites and other internet retailers will face one of the "biggest...

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HMRC targets Etsy, eBay and Gumtree sellers – but when is your hobby taxable?

Published 03/06/2015

Thousands of online sellers who use websites such as eBay, Etsy, Amazon and Gumtree are the focus of fresh attempts by HM Revenue & Customs to crack down on tax evasion, Telegraph Money can disclose.Such websites are being forced to hand over customer account details, including their selling act...

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Tax Deadline Warning

Published 22/04/2015

Anyone who missed the January tax returns deadline are warned that they have until next Thursday (30 April) to get last year's forms in or be hit with additional fines. "Late tax returns have already earned HMRC £89m so far this year," said Anita Monteith, tax manager at the ICAEW. "Any late...

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Summary Of Penalties For Late Submission Of Tax Return

Published 19/01/2015

With the deadline for submitting the 2013/14 Tax Return getting ever closer it is worth looking at the penalties that will be imposed for those who fail to submit their return! A return that is even a few hours late will cost an automatic £100 (irrespective of the amount of tax due) and the p...

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HMRC advise sign up for Self Assessment Returns now

Published 19/01/2015

HMRC is urging those who have to file a Self Assessment return for the first time to register for its online services now. The process of registration can take up to seven working days to complete and involves HMRC sending you an activation code in the post. It's therefore important not to leave th...

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Pub landlords tied to big breweries win 'historic victory' in Commons Bill

Published 19/11/2014

Pub landlords have won a “historic victory” over changes to their relationship with the big breweries, which could set them free from the controversial “beer tie” system, business groups have claimed. To read the full article click here

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Five million UK workers face uncertainty after tax bills wrongly calculated twice in HMRC blunder

Published 09/10/2014

More than five million British workers face uncertainty after leaked emails revealed that their tax bills for last year may have been wrongly calculated. HM Revenue and Customs has privately admitted that those who underpaid or overpaid income tax last year may still have paid the wrong amoun...

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Government to abolish 55% pensions death tax

Published 29/09/2014

The government is to abolish the 55% pensions death tax charge, chancellor George Osborne has announced. The measure will come into force in April 2015 alongside the pension reforms outlined in the Budget. The new rules mean that if a person who dies is 75 or over, the person who receives the...

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Late Filing Penalties

Posted on: 07/08/2015

HMRC have now issued the first in-year penalties notices to employers with fewer than 50 employees w... Read more >

Time to Pay Arrangements - Mandatory Direct Debit

Posted on: 07/08/2015

Where a taxpayer has difficulty paying their tax liabilities HMRC may agree 'time to pay arrangement... Read more >

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All Change – New Rules For Taxing Dividends

Posted on: 24/09/2015

All Change – New Rules For Taxing Dividends One of the surprises of the summer 2015 Budget was th... Read more >

Tax-Free Mileage Allowances

Posted on: 24/09/2015

Tax-Free Mileage Allowances Employees frequently use their own cars for business journeys and it is... Read more >