HMRC recently launched a new campaign to target people who sold second homes without declaring any profits made to the taxman. The campaign is aimed at anyone selling property in the UK or abroad where capital gains tax should be paid. This usually applies to any property that is not your main place of […]
Some taxpayers who used Santander’s BillPay to pay their tax on 31 January were mistakenly charged twice. A technical glitch in Santander’s systems lead to the error that meant thousands of tax payers paid their self assessment tax twice.
HMRC have announced that they have already started paying back those who were affected, and that […]
Employers who make a payment to HM Revenue & Customs (HMRC) by one of these methods will need to amend the details of the HMRC account you pay into.
Bacs Direct Credit
Faster Payments by online/telephone banking
CHAPS
Payments will be made to a single bank account from April 2013. From month 01 of the 2013-14 tax year […]
HMRC have announced that legislation will be introduced in the Finance Bill 2013 to put the rules which determine an individual’s tax residence on a statutory basis. The new statutory residence test will come into force from the start of the 2013/14 tax year.
The new legislation includes circumstances such as the situation where a […]
HMRC have announced the following statutory payment rates for 2013/14. These rates are still subject to Parliamentary approval and will be confirmed by HMRC before the start of the new tax year.
Statutory Maternity Pay (SMP)
£136.78 per week
Ordinary Statutory Paternity Pay (OSPP)
£136.78 per week
Additional Statutory Paternity Pay (ASPP)
£136.78 per week
Statutory Adoption Pay (SAP)
£136.78 per week
Statutory […]
The requirement to provide Real Time Information (RTI) to HMRC is looming large on the horizon. Don’t let it become a distraction and a headache. We can quote to take on your payroll processing to ensure that RTI is a simple affair and put simply, our fees are surprisingly affordable. Alternatively we can supply Sage Payroll Software to […]
HMRC will start targeting businesses across the country later this month as it rolls out a new “fresh approach” to Business Records Checks (BRC) visits. Businesses it believes may be at risk of keeping inadequate records will get a letter and a phone call. For the South East of England the programme is expected to […]
April’s landmark High Court case against Eclipse Film Partners No 35 LLP, which saw them
prevented from gaining £117m in tax relief, demonstrates to us that HMRC are hardening their
attitude further on tax avoidance schemes.
The partnership included football manager Sir Alex Ferguson alongside other wealthy members
who were claiming tax relief on loans taken out to […]