News
Page 1 of 4
Reporting EU Sales to HMRC
If your business is registered for VAT in the UK and you sell to VAT registered customers in other EU countries you are required to submit an EC sales list...
more
0 comments(s)
Confessing to Tax Fraud
The Taxman is currently writing to taxpayers who are suspected of tax fraud, asking them to make a full disclosure of their wrong-doing under the contractual ...
more
0 comments(s)
Penalties for Late Payment of PAYE
PAYE and other payroll deductions need to clear Taxman's bank account by 19th of the month, if paid by cheque. Electronic payments can arrive b...
more
0 comments(s)
Closing Down Your Company
If you are in the process of closing down your company, or are thinking of doing so, you need to know about the change in the tax law from 1 March 2012.
...
more
0 comments(s)
Are You On HMRC's Target List?
HMRC has formed a number of task forces to investigate certain business sectors, where they believe tax rules are being ignored.
A summar...
more
0 comments(s)
Online VAT Filing Compulsory
Are you already filing your VAT returns online? If not, then you need to prepare to switch to online filing as this will be compulsory for all VAT regist...
more
0 comments(s)
Real Time Payroll Information
HMRC is asking all employers to spring-clean their payroll data to prepare for RTI. What does RTI stand for? It stands for Real Time Information, a...
more
0 comments(s)
Late Filing Penalties
Important Announcement -These penalties will still be payable even if you do not owe any tax
Your online tax return must reach HMRC by midnight on 31 Janua...
more
0 comments(s)
Bookkeeping Made Easy
Bookkeeping is, some would say, a necessary evil and one that can certainly harm you if you don’t comply with the minimum standards required by HMRC. It c...
more
0 comments(s)
Autumn Statement Tax Summary
George Osborne did not have great tidings to impart when he presented his Autumn Statement to the House of Commons on 29 November 2011. The best he could...
more
0 comments(s)
Reclaiming VAT
Before you can reclaim VAT on goods and services you have bought you need to check the following:
1. The purchase was for business purposes - not for your personal...
more
0 comments(s)
PAYE Refunds and Underpayments
The Taxman has set his computer the task of recalculating the PAYE paid by many millions of people for the tax year 2010/11 and for the tax years 2003/...
more
0 comments(s)
Self Employed Teachers to Tell All
The Taxman has launched another campaign to encourage people to pay tax on income they have previously omitted from their tax returns. This time pr...
more
0 comments(s)
Reality of Self-Employed Contracts
A recent case heard in the highest UK court (the Supreme Court) may affect whether workers are defined as employees, and hence whether they are ent...
more
0 comments(s)
Student Loan Notices
As an employer you are required to collect repayments of student loans your employees took out through the Student Loan Company (SLC) while they were studying, during years...
more
0 comments(s)