Category Archives: Personal Tax
- Thursday, 17 May 2012 9:14 Child Benefit Payments to Parents are Changing Posted by administrator The Institute of Chartered Accountants for England and Wales has told the Treasury that the forthcoming changes to child benefits to parents “is seriously flawed in principle and in practice”. From January 2013 any family with...
- Thursday, 03 May 2012 12:46 HMRC apologises after sending Self Assessment penalty notices in error Posted by administrator HM Revenue & Customs (HMRC) have recently sent out 12,000 daily penalty notices in error to people who had been told that they no longer needed to fill in Self Assessment Tax Returns. In the letter...
- Tuesday, 24 April 2012 15:07 HMRC penalties for Tax Returns outstanding at 1 May 2012 Posted by administrator HM Revenue & Customs (HMRC) is urging anyone who has still not done their 2010/11 UK Self Assessment Tax Return to file it on-line before the end of April 2012, or be charged daily penalties from...
- Thursday, 08 March 2012 17:29 Year End Tax Planning Posted by administrator With the end of the UK tax year (5 April) looming in to view; it is time to consider various year end tax planning that might make a difference in reducing your tax liabilities. Issues to...
- Thursday, 08 March 2012 17:25 Expatriate Tax Planning News Posted by administrator Many individuals with “Not Ordinarily Resident” (NOR) UK tax status, that have come to work in the UK temporarily, open offshore bank accounts outside the UK to take advantage of rules which exclude earnings from non-UK...
- Wednesday, 18 January 2012 11:53 HMRC issue fraudulent email warning Posted by administrator HM Revenue and Customs is warning taxpayers about fraud emails being sent out requesting credit or debit card details. The emails notify the reicipent that they are due a tax rebate and directs them to a...
- Friday, 16 December 2011 9:06 Pensions Rules Changes Posted by administrator The Annual Allowance for making UK pension contributions remains at £50,000. However with careful planning relating to “pension input periods” and the three year carry forward of unused Annual Allowances from previous years, it may be...
- Thursday, 15 December 2011 9:42 Self Assessment Tax Returns Posted by administrator We have already reminded our clients that new automatic penalties apply to late filed 2010-11 Tax Returns, even where no tax is owed at the filing date, 31st January 2012. Please don’t be caught out by...
- Thursday, 15 December 2011 9:41 Capital Allowances Posted by administrator The Annual Investment Allowance (AIA) limit will remain at £100,000 for expenditure until 31 March 2012. For business that are not incorporated and limited liability partnerships, this old limit of £100,000 applies until 5 April 2012....
- Monday, 12 December 2011 11:47 HMRC targets electricians Posted by administrator HM Revenue and Customs is planning to pursue electricians as the next step in its plan to crackdown on tax evasion. The ‘Electrician’s Tax Safe Plan’ (ETSP) will be launched in February 2012 and offer favourable...
