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18 Apr Quarterly Tax Returns Criticised

April 15, 2016 Quarterly tax return plan criticised by watchdog The Administrative Burdens Advisory Board, the independent body that oversees HMRC, has refused to support the Government's plans to force small businesses to submit quarterly digital tax returns. Under its Making Tax Digital strategy, HMRC has proposed that...

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20 Mar Budget 2015

Budget 2015 Report Chancellor George Osborne announced his budget on Wednesday 18th March below of which is a summary of the main changes affecting the UK tax system. Personal Income Tax The basic personal allowance will rise to £10,600 from the 6th April 2015 with a further rise...

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25 Feb HMRC Seize Assets for unpaid tax bills

Small businesses such as sole traders have had a record number of their assets seized as a result of non-payment of self-assessment tax bils HMRC made a record number of asset seizures last year from self-assessed taxpayers who could not settle their tax debts, many of...

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04 Oct The Pitfalls of completing a tax return

The Association of Chartered Certified Accountants (ACCA) have warned of the pitfalls of individuals completing their self-assessment tax returns themselves:- Hundreds of thousands of extra people are expected to complete a self-assessment tax return for the first time by 31 October, including people who have won...

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27 Sep Early Problems with RTI reporting

Since the inception of RTI (real time reporting) for payroll payments, some employers have had difficulties reconciling what they think they owe the HMRC with what the HMRC believes is owed:- HMRC have issued a report which sets out findings from an analysis following feedback that...

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