When a company pays foreign entertainers and/or sportspersons and their personal allowance is exceeded, tax must be deducted, this is called withholding tax. The company would pay HMRC as a payment on account against the entertainers or sportspersons final UK tax...
HMRC have released data on their Tax Investigations Campaigns showing revenue from January 2015 to March 2017. As you can see from the increase in the chart below, the income achieved from these targeted areas has been significant. Campaign Launched 31/1/2015 (£)...
HMRC have recently advised that they have delayed issuing penalty notices to taxpayers who failed to file their 2018 Self-Assessment Tax Returns by the 31 January 2019 deadline. Their reason? – to free up call-centre staff for Brexit queries. Please note that...
With the last of the public holidays behind us until Christmas and the kids back to school, it’s time to set your mind to filing your tax return. Change of Circumstances? Are you newly self-employed, have you been promoted to company director, made a capital disposal,...
How many times have we heard people say – how will they catch me? HMRC will never know! Well HMRC is biting back. Gone are the days of an Inspector going undercover to sit in a car outside a customer’s house or at the end of a bar, paying in cash. Instead, over the...
ACT NOW! It is time to prepare the Forms P11D and P11D(b) for the 2017/18 tax year. The forms are the employer’s responsibility. They are required for directors or employees who are provided with benefits or for whom you pay or reimburse non-deductible expenses. The...
