All payroll liability payments are to be made to a central HMRC bank account with effect from this tax year (all employee pay dates made on or after the 6th April 2013). Please read the HMRC's notice below for further detail of how this...
The HMRC is continuing with its business record checks campaign to see if businesses are complying with their onerous business record keeping obligations. From November 2012, thousands of small business owners and self-employed people across the UK started to receive letters informing them that their business...
Government help is on its way for many families struggling with the huge costs of full-time childcare. The government is to offer working parents tax breaks for childcare, with families able to claim up to £1,200 towards the costs of nannies or nurseries for each child...
The HMRC estimates that over 5 million pounds of tax on property income is lost each year by private landlords failing to disclose their income and thus evade tax. A new crackdown on these individuals starts in the South East:- Around a third of buy-to-let...
If you or your spouse (or live in partner) earn over £50,000 and claim child benefit - you may need to complete a self-assessment tax return. Earnings between £50,000 and £60,000 allows some payments of child benefit but the amount payable is reduced as...
To Chancellor George Osborne it is a simplification in a complex tax system. To its critics, it is a "granny tax". But what exactly does the most controversial measure in Wednesday's Budget mean for you? The change in age-related personal allowances - the amount of income that is tax-free -...