Tax penalties: how much can a dispute cost me?
Posted by Karen Jones on December 9, 2024Tax penalties are very much in the news at the moment. We look at the penalties you could pay if HMRC succeeds in a tax investigation.
Late self-assessment? Beware the tax return ‘super penalty’
Posted by Karen Jones on December 3, 2024Late self-assessment penalties can soon get expensive. But did you know HMRC has the power to impose a 200% ‘super penalty’ in some cases?
HMRC and ‘Managed Service Companies’
Posted by Karen Jones on December 3, 2024We detail HMRC’s approach regarding Managed Service Companies. It’s important that you don’t use these structures as you will face penalties.
HMRC letters for landlords not declaring income
Posted by Jon Pryse-Jones on October 20, 2024HMRC often sends letters to landlords asking them to declare rental income and pay tax. We look at how HMRC learns about landlords’ financial affairs.
Joint and several tax liability notices explained
Posted by Jon Pryse-Jones on October 7, 2024In certain circumstances, HMRC can hold company directors personally liable for tax debts by issuing a joint and several liability notice.
Economic Crime Levy – does your business need to pay?
Posted by Jon Pryse-Jones on September 19, 2024In this article, we look at which businesses need to pay the Economic Crime Levy and comply with Money Laundering Regulations.
How to register a trust – act now to avoid a fine!
Posted by Ian Henman on September 11, 2024Did you know that many non-taxable trusts need to be registered with HMRC? Register your trust now to avoid a fine.
IR35 – what is the current position for contractors?
Posted by Karen Jones on September 9, 2024IR35 – what is the current position for contractors? From April 2023, contractors are now responsible for determining their own IR35 status.
Fractional shares ISAs approved as British ISA scrapped
Posted by Jon Pryse-Jones on September 5, 2024Fractional shares ISAs confirmed to be tax-free, but the governments has scrapped the British ISA before it was launched.
Business mileage rate / tax on redundancy payments
Posted by Karen Jones on September 2, 2024In this news update we confirm the rules regarding the business mileage rate and look at the threshold for taxation of redundancy payments.
