Extra Statutory Concession A19

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xtra Statutory Concession A19 has been making headlines lately after HMRC recently campaigned to end ESC A19 altogether. The suggestion was to discontinue accepting situations where affairs weren’t in order for various reasons and where out of the ordinary

To define ‘Due diligence’ a simple way of looking at it is investigating a business and its assets for an acquisition. The term can mean a legal process but often involves a voluntary investigation of the business for sale.

Define

Public Accounts Committee Urges Accountants Ban

The Commons Public Accounts Committee has urged a ban on external accountants inside the government in an effort to prevent taxation loopholes being passed on. HMRC is thus pitted against the seemingly over-powering strength of the large accountancy firms who

Tax Return Deadline Catches Many as HMRC Now Issue Daily Fines

Tax Return deadline cut-off fines are likely to be issued by HMRC to between 500,000 to 1m late filers from today. £100 fines were already given to upwards of 800,000 self-assessment taxpayers who failed to submit their returns by the

Small businesses are being encouraged to tighten up their security amid research that revealed that cyber attacks on businesses have increased over the last year.

The Department for Business, Innovation and Skills (BIS) said that some attacks cause over £1

Changes to PAYE and NIC

Please be aware of the following changes to PAYE and NIC which take effect from 6th April 2013. If you have any questions on any aspect of this or the Real Time Information (RTI) changes, please call our Payroll team

Top Ten Celebrity Tax Scandals

“Only the little people pay taxes” – Leona Helmsley

Whilst there are many more to choose from, these are some of the most high profile tax scandals we have seen and reflect a good range of circumstances, from crafty dealings

How to Keep Records for the Self Employed

We found this quick but fairly in-depth guide aimed at self employed business owners about how to set-up a successful record-keeping system for VAT.

Guiding you through some of the basic steps involved, length of time to keep records for

Tax Return Cancellation – No More Tax Returns? Let’s Party!

Tax return cancellation prospect: Chancellor George Osborne announced last week that he was planning to scrap the annual tax return to simplify the process of paying tax for thousands of self-employed workers. While anything that purports to simplify an HMRC

Small Employers Given More Time to Prepare for RTI

Employers who employ less than 50 staff are to be given more time to report Real Time Information (RTI) to HMRC.

Those who pay their employees on a weekly basis will be allowed to report their payments by the fifth