Ricky and Jason attended the PfP tax investigation evening this week at the Caves in Edinburgh. PfP offer fee protection insurance to businesses, which covers their professional fees in the event of a tax investigation. There were presentations from five
HMRC (or HM Revenue & Customs) is the UK Government’s non-ministerial department for for the collection of taxes. As tax accountants Steedman and Company have a long history of dealing with HMRC. In fact our expert tax advisors are ex-HMRC tax investigators themselves.
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If you have been renting out or have sold residential property in recent years and have not declared the income or capital gains to the taxman, there is an amnesty being run by HMRC – the Voluntary Disclosure Campaign –
Why have I received this letter? You will receive this tax calculations letter if HMRC think that you have underpaid or overpaid tax in a previous year.
In most cases the adjustment will relate to an incorrect tax code in
E
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
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 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
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
All 281 of HMRC’s enquiry centres are to close by 2014.
The centres give face to face advice to around two and a half million tax payers and their closures will affect 1,300 jobs.
A flexible telephone service is to
Autumn Statement Key Points
Chancellor of the Exchequer George Osborne has addressed Parliament on the government’s plans for the future of the economy.
Here are some key points.
Benefits and Pensions:
Most working age benefits to rise by one percent;
The old Rangers Football Club, currently in liquidation, has won an appeal against HMRC over its use of Employee Benefit Trusts (EBT’s).
Between 20001 and 2010, the club made payments to players and staff totalling £47.65 million to players and