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Higher Penalties for Late Returns

Higher Penalties for Late Returns   This month, we have a warning. Please spread the word as HMRC mean business! Your personal self-assessment tax return for the tax year to 5 Apr...
/news/higher-penalties-for-late-returns.htm

Abolition of the Tax return - HMRC go live with Verify identity authentication

Abolition of the Tax return - HMRC go live with Verify identity authentication Gov.uk Verify, the online service taxpayers will need to use to prove their identity before accessing HMRC's d...
/news/abolition-of-the-tax-return---hmrc-go-live-with-verify-identity-authentication.htm

Personal Self Assessment

Personal Self Assessment   It is a common misconception that individuals only have to submit a self assessment tax return if they receive one from HM Revenue and Customs. All individ...
/services/personal-self-assessment.htm

Tax Campaigns Update

Tax Campaigns Update The Taxman is determined to target tax evaders, so has been running several campaigns to target particular business sectors, such as doctors, electricians and e-traders. ...
/news/tax-campaigns-update.htm

Child benefit claw-back

Child benefit claw-back If you or your spouse/partner claim child benefit, and at least one of you has adjusted net income of £50,000 or more for the year, the highest earner must declare...
/news/child-benefit-claw-back.htm

Late Filing Penalties

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...
/news/late-filing-penalties.htm

Capital Allowances for Holiday Lets

Capital Allowances for Holiday Lets Do you own a property that qualifies as a furnished holiday let (FHL)? To qualify the property has to be commercially let for short periods for at least 70 d...
/news/capital-allowances-for-holiday-lets.htm

HMRC to use Automatic Search Programmes

HMRC to use Automatic Search Programmes!   The Taxman has announced he is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches. ...
/news/hmrc-to-use-automatic-search-programmes.htm

Repayment Claims for Tax on Interest

Repayment Claims for Tax on Interest   You may be able to claim a tax repayment from the Tax Office if your bank has deducted 20% tax from interest paid. If your tax-free allowance (up...
/news/repayment-claims-for-tax-on-interest.htm

FAQ

Frequently Asked Questions Q. I have recently started a new job and, for the first time in my career, I have been provided with a company car. I have to pay for fuel for private use but my empl...
/faq.htm

Gifting Assets or Shares

Gifting Assets or Shares If you plan to gift assets or shares to your relatives, there are several taxes you need to consider: Capital Gains Tax You won't make an actual profit or...
/news/gifting-assets-or-shares.htm

Reducing the Child Benefit Tax Charge

Reducing the Child Benefit Tax Charge You may have received a letter from HMRC about the high income child benefit charge (HICBC), which is designed to claw-back child benefit from high earners...
/news/reducing-the-child-benefit-tax-charge.htm

Tax administration

Tax administration Future promises  Tax returns going? The Chancellor promised the end of the annual tax return for individuals and small businesses. In its place the taxpayer ...
/news/tax-administration.htm

Q. I am thinking of buying a property in England to rent out

Q. I am thinking of buying a property in England to rent out. Will I be able to offset the legal fees, stamp duty land tax and deposit costs against the rental income I hope to receive? A. ...
/news/q-i-am-thinking-of-buying-a-property-in-england-to-rent-out.htm

CGT (Capital Gains Tax) Payment within 30 days of the sale - coming for Property owners?

The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on...
/news/cgt-capital-gains-tax--payment-within-30-days-of-the-sale---coming-for-property-owners-.htm
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