The HMRC is planning to close all 281 of its walk-in tax enquiry offices in May 2014, replacing them with a telephone service and “mobile advisers”.
The Self Assessment tax return deadline is almost upon us. If you haven’t completed your online return by midnight on the 31st January, you face a minimum penalty of £100 – even if you don’t owe any tax. We’ve compiled nine easy tips to help you survive this deadline.
With the 31st January Self Assessment tax deadline looming, it’s important to understand that you will not escape the automatic £100 penalty if you submit late – unless you have what HMRC deems a “reasonable excuse.”
If you’re a self-employed contractor or freelancer, following these five handy tax tips will help you cut down on your tax bill.
Expats are advised to keep a daily record of their visits to and from the UK after the HMRC introduced a Statutory Residence Test to target non-residency tax claims.
Nine million people in the UK are required by law to submit a Self Assessment tax return – you could be one of them without even knowing it.
Chancellor George Osborne gave his much-anticipated Autumn Statement yesterday. Our Accounting team have provided their expert insight into the speech, and how it might affect you.
If you missed the end of October deadline for submitting your paper tax return, you can still complete your Self Assessment return online and submit it by 31 January 2014.
Tax return season is drawing ever nearer. But the sooner you send us your tax information, the more you’ll save.
As part of the UK government’s efforts to clamp down on tax evasion and retrieve around £125bn in tax held secretively in Swiss bank accounts, the UK and Switzerland began the monthly exchange of tax information on 31 July.
The UK tax authority is working with the United States IRS and the Australian Tax Office in a sweeping offshore tax-evasion investigation.
All British overseas territories with large financial operations have now signed up to the UK government’s strategy on global tax transparency.
A quick look at the major changes announced in this year’s budget speech.
HMRC has set a new target for answering calls from taxpayers: they aim to answer 80% of calls within 5 minutes.
Would it surprise you to know that there are millions of pounds in overpaid tax lying waiting to be claimed?
Following the budget speech, the press has been full of summaries and analysis of all the big changes.
The Isle of Man government recently signed an agreement with the UK government to automatically exchange a wide range of financial information on UK tax payers.
3 easy steps to keeping what’s yours.
If you are self-employed (a sole trader or a member of a partnership), or the director of a limited company, you must always fill in a SA100 tax return. If you receive untaxed income from savings or property, chances are you will also need to fill in a return.
From 7 January 2013, people who earn more than £60,000 a year will no longer be entitled to child benefits, while those earning between £50,000 and £60,000 will see their benefit removed on a sliding scale, depending on their exact earnings.