Summertime: but the living isn’t always easy
Just like ladies’ hats at Royal Ascot and strawberries and cream at Wimbledon, summer would not be the same without some contact from HMRC. Now in their third year, HMRC’s annual tax calculations (P800) are being sent out to approximately two million people who pay...HMRC’s second incomes campaign
On 9 April 2014 HMRC published details of their latest campaign to encourage taxpayers to declare and pay unpaid tax on second incomes. HMRC will expect settlement of any taxes due four months from the date of declaration of untaxed income sources to HMRC. The types...New Tax Year …….What’s New ?
George Osborne has laid his cards on the table and we now know what the tax landscape looks like for 2014-15 (subject to any changes before the Finance (No. 2) Bill 2013-14 receives Royal Assent). Here’s a list of the main changes: For those born after 5 April 1948...Resident or Non-Resident for Tax Purposes ?
The new statutory residence test explained. Last year, HMRC introduced a new statutory residence test, which has been designed to provide greater certainty as to whether or not individuals are UK resident for tax purposes. It is a welcome development as many clients...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation