Chartered Tax Advisers and Accountants
Chartered Tax Advisers and Accountants
Chartered Tax Advisers and Accountants
Latest News

Below are the latest new articles added to our site, if you wish to view one of these articles in more details click on the appropriate news heading.

20/12/2013  Capital Gains Tax on Property

As anticipated the Chancellor announced in the Autumn Statement the intention to impose capital gains tax on disposals of UK property by non UK residents. This change is intended to be effective from ...

13/12/2013  Trusts for vunerable beneficiaries

The recent publication of draft legislation which would extend a provision designed to ensure that when a vulnerable person dies their estate is not taxed twice is a most welcome development. The dra...

19/11/2013  HMRC Rental Property Campaign

Another campaign, another sector. This time it is the private landlords who are the likely target of HM Revenue & Customs attention. The campaign is reputed to last for 18 months and those that res...

15/10/2013  HMRC Campaign Target Health & Wellbeing Industry

You can report undeclared income if you work in a health and wellbeing profession such as: physical therapy - eg physiotherapist, chiropractor, chiropodist, osteopath, occupational therapist alter...

24/09/2013  Tax Avoidance - Income Tax Repayments

HMRC Brief 28/13 issued on 17 September 2013 advises that repayments of income tax resulting from a tax avoidance scheme will be withheld pending the outcome of an enquiry into the scheme. HMRC adv...

20/09/2013  Tax Return Catch up

The latest campaign announcement from HM Revenue & Customs is aimed at those who have not filed their previous years tax returns i.e. up to 2011/2012. Effectively it is a streamlined process for th...

15/07/2013  HMRC Consultation issued on collection debt through PAYE coding

HMRC have issued a Consultation document on the collection of tax debts by utilising the PAYE coding system. Link below. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/2...

28/06/2013  HMRC provide new 0300 helpline numbers

The new numbers can be found here:- http://www.hmrc.gov.uk/news/new-numbers-helplines.htm The new numbers will reduce the cost of phoning HM Revenue & Customs which can be significant if you hav...

27/06/2013  National Minimum wage increases

The new rates for the National Minimum Wage which take effect from 1 October 2013 are as follows:- • £6.31 per hour for workers aged 21 and over • £5.03 per hour for workers aged 18 to 20 • £...

13/06/2013  Cash Basis for small businesses

The finance bill 2013 will introduce a 'simpler' method of calculating tax income for the self employed. Effectively taxable income will be based on cash in and cash out with certain expenses fixed at...

22/05/2013  HMRC target property owners

HMRC have launched a Property Campaign which is directed at individuals who have sold, or disposed of, second or additional residential properties either in the UK or abroad. These could include a hol...

30/04/2013  Repairs and Renewals

HMRC have recently issued a guidance notice on Repairs and Renewals: HMRC Brief 5/2013. The guidance provides a number of examples of what HMRC consider is and is not an allowable expense for tax p...

23/04/2013  New Spanish Tax Law

For those who are resident in Spain which is determined either by the number of days spent in Spain i.e. more than 183 days or where the centre of vital interests is located then the new Spanish Tax L...

28/03/2013  Real Time Information - Another Update from HMRC

Finaly acknowledging that some businesses may not live in the same world as the HMRC mandarins an annoucement has recently been made effecting small businesses as follows:- ' HM Revenue & Customs (...

25/02/2013  HMRC Name and Shame Deliberate Tax Defaulters

By virtue of relatively new legislation HMRC have recently published details of persons and companies who have made deliberate errors within tax returns or failed to comply with their tax obligations....

21/02/2013  HMRC and Isle of Man

HMRC has recently announced an agreement with the Isle of Man which establishes a new disclosure facility. The precise details of the disclosure facility have yet to be announced. However, if is an...

08/02/2013  HMRC Announce Self Assessment figures for 2011/2012

HM Revenue and Customs proudly anounced details of the number of tax returns filed on time for the year 2011/12. There are, according to HM Revenue and Customs, 10.34 million people in Self Assessm...

13/12/2012  Real Time Information

A new way of reporting pay, tax and nic will be introduced from April 2013 which all employers must comply with. Failure to comply will result in penalties. The changes are significant and will mean t...

03/12/2012  RTI -Real Time Information

RTI has been described as the biggest change to the operation of PAYE in over 60 years. It is in fact a new method of reporting payroll information to HMRC which applies to all employers as it is mand...

05/11/2012  New High Income Child Benefit Charge

HM Revenue and Customs are sending around one million letters during November to families affected by next year’s changes to Child Benefit. The letters explain the new High Income Child Benefit Charg...

04/09/2002  Direct Recovery of Debt

HM Revenue and Customs issued a consultation document regarding the direct recovery of debt. In essence it means HMRC would be allowed, if given the power by parliament, to directly access a taxpay...

22/06/2002  UK Swiss Cooperation Agreement

HMRC have recently issued letters regarding accounts and tax liabilities that may arise as a result. Three options are given to taxpayers and I suspect that quite a number will complete option 1: C...

06/06/2002  HMRC Let Property Campaign

Not so long ago, see the previous article, HMRC announced they were targeting the Let Property sector. HMRC have been using their powers to obtain information from estate agents and other third par...

17/02/2002  Tax Avoidance

Recently published the consultation document 'Tackling marketed tax avoidance' has created a bit of a stir particularly amongst the high risk promoters(HRPs). https://www.gov.uk/government/consultatio...

06/02/2002  Notices of coding

HM Revenue & Customs will be issuing notices of coding for the tax year 2014/2015. The code/s will advise your employer or other provider of income e.g. pension company how tax to deduct. It i...


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