Hardly a week seems to go by without an email plopping into my in box from HMRC about catching some tax dodging miscreant or other and specifying huge amounts of tax being claimed as a result. I marvel at the…
Category: HMRC
Dividend waivers: what do you need to consider?
Henry Catchpole explains how dividend waivers work, and the steps to take to avoid having them challenged by the taxman. Your business has had a successful year and you want to reward your shareholders by giving a dividend. But what’s…
MTD? It’s the tax gap stupid
At presentations and in articles I have often quoted the Tax gap as being the major driving force behind the whole MTD agenda and specifically within the tax gap HMRC’s avowed desire to reduce the gap they attribute to small…
Simple Assessments: Some simple facts
In January 2018 HMRC hope to have issued something in the order of 400,000 simple assessments or to give it their correct name forms PA302. So the chances are that one of your clients may well have received one so…
Re-Register a client in January to file by 31st not likely.
The run up to the filing deadline of 31st January is always a difficult time for Accountants as they try to lodge client’s Returns before the deadline and thus save them late filing fines. Every Accountant knows that clients who…
Reaping the Benefits
Ben Chaplin explains some of the initiatives coming from HMRC that accountants need to be aware of: There is a continuing drive to make the taxpayer more responsible for both the accuracy of the information provided to HMRC and when…
‘A sorry tale of HMRC’s institutional incompetence and inefficiency’
This is not a case of Tony at the ICPA trying to do HMRC down – these are in fact the words of Judge Wikeley in the Upper Tribunal case of VO v HMRC in September this year. The full…
The Budget and You
Jeffrey Webber proffers some post-Budget action points for the small accountancy practice; Autumn Budget proposals affecting accountants and their clients will be implemented in the next Finance Bill, and future Budgets and Bills will address other areas. We list below…
The Autumn Budget: 25 things you need to know
The Chancellor has presented his Budget to Parliament – here’s a summary of what was announced. 1. There are over 32 million people in work – near a record high The rise in employment over the past year has been…
How can you pay a penalty when they won’t take your money?
Frankly astonishing news from HMRC recently when they announced that they would no longer accept personal credit card payments to settle paye penalties. Which to me is bad enough but they also has said that they will not accept part…