Directory results

 
1 to 10 of 11 articles
  • Tips & Advice You & Your Business - Get your tax refunds sooner
    Get your tax refunds sooner..HMRC update. HMRC’s latest “Agent update” publication for accountants and tax advisors includes a reminder that it now automatically makes refunds of personal self-assessment (SA) tax and corporation tax (CT) sooner where it can do so through BACS. To do this it must have details of the bank account to which the refund should be sent. In our experience the absence of bank details means that any refund can take weeks rather than days to arrive as well as taking longer to clear...
    Click here
  • Tips & Advice You & Your Business - Record numbers for self-assessment
    A record number of people filed their self-assessment returns by the 31 January deadline. But a record number missed it too! If you’re one of the latter, HMRC has advice for you. What’s the full story?
    Click here
  • Tips & Advice You & Your Business - Q&A - can I spread my tax bill?
    Q&A - can I spread my tax bill?..Q. For the last few years I’ve had to pay a large personal tax bill on 31 January. This isn’t a good time of year for me financially and paying HMRC is a struggle. Is there a way to spread the cost? A. There are two ways to avoid a one-off tax bill. Later year coding. Ask HMRC to adjust your tax code for the next full year, e.g. if your self-assessment shows you owe tax for 2018/19 ask for an adjustment in your 2020/21 code. Each time you’re paid salary etc. in 2020/21...
    Click here
  • Tips & Advice You & Your Business - When can you reduce your self-assessment tax bill?
    It’s January and your first self-assessment tax bill for the year is due in just a few days. However, HMRC allows you to reduce the amount payable in the right circumstances. What are they and what happens if you get your sums wrong?
    Click here
  • Tips & Advice You & Your Business - Errors in HMRC’s tax calculations
    In October 2017 HMRC updated its self-assessment program to fix errors which resulted in incorrect tax demands. Might you be affected and, if so, what should you do now?
    Click here
  • Tips & Advice You & Your Business - Can HMRC insist directors submit tax returns?
    In June 2017 a tribunal gave its decision on whether a director had a reasonable excuse for submitting a tax return late. Importantly, HMRC’s view that all directors are obliged to submit a tax return was challenged. What was the result?
    Click here
  • News - Tax scam beware
    The professional body that represents chartered accountants has issued a warning about a new phishing e-mail scam that is targeting taxpayers. What do you need to look out for?
    Click here
  • Tips & Advice You & Your Business - Self-assessment deadline looming
    If you still need to file a self-assessment tax return it must be submitted online to HMRC by midnight on 31 January. What should you check right now?
    Click here
  • Tips & Advice You & Your Business - New penalty rules and directors’ tax returns
    A subscriber wasn’t sent a 2010/11 self-assessment form, but now thinks she needs to complete one. The Taxman says it’s too late to register to submit a form by the deadline and so she’ll definitely be charged a penalty. Is the Taxman right?
    Click here
  • Tips & Advice You & Your Business - Online filing: why start now?
    online filing: why start now?.. Ready? HMRC is reminding companies which employ fewer than 50 employees that from April 6 2011 it will be compulsory for them to file any P45 and P46 forms online (the starter and leaver documents). This is already mandatory for those with 50+ staff. Get set. It’s also encouraging this to be done well before the deadline. Not only will this mean you have more time to learn the software, but the electronic system itself is much more secure. Go. From the cut-off date,...
    Click here
 
1 to 10 of 11 articles

Filter results

Resources

Dates