HMRC have issued a News Release pointing out that 850,000 penalty notices are being sent out to taxpayers whose 2011 tax returns appear to be late. The News Release ... Continue Reading
Is HMRC entitled to tax earlier years as well, if it finds income not declared in a tax return? Mark McLaughlin considers some recent cases. Introduction Most ... Continue Reading
HMRC contested a company's claim to the Small Profits Rate because it didn't provide the information HMRC wanted - Peter Vaines looks at the Tribunal case. Any ... Continue Reading
Mark McLaughlin looks at recent HMRC guidance on giving taxpayers more time to pay their tax bills. Introduction Most tax professionals and many taxpayers ... Continue Reading
BKLTax welcomes the changes to the taxation of foreign currency bank accounts announced in Finance Bill 2012 but also warns that prompt action may be appropriate ... Continue Reading
After last week's 'media frenzy' one might be expecting a sense of relative calm to return. If, however, you're thinking of winding up a company and extracting ... Continue Reading
Electricians should pay any undisclosed tax they owe or face tough penalties, warns HM Revenue & Customs (HMRC) as it prepares to crack down on electricians who ... Continue Reading
TaxationWeb asks if the Redknapp tax evasion case has really gone as badly for HMRC as first thought. It's not a good day at TW Towers II, as I sit ... Continue Reading
Peter Arrowsmith FCA with an update on NIC matters and a timely reminder about calculating Directors' NICs properly. Reality Sets in for NIC Holiday Scheme David ... Continue Reading
If you missed the Self Assessment tax return deadline and can show that you should not have been in the SA regime, you may be able to avoid any penalties. Introduction LITRG ... Continue Reading
