HM Revenue and Customs have announced that a  ‘property campaign’ is due to start in March 2013, targeting those who have profited through owning and selling second homes or multiple properties. The “campaign”, offering those who have failed to comply an opportunity to come clean on advantageous terms under voluntary disclosure protocols, follows targeted taskforces that.. read more →

The January 31st deadline has come and gone. Well done if you have got your return submitted in time. As usual, I managed to submit the returns of every client who sent their records to me, even if it was at the last minute! If you’ve missed the deadline you might be telling yourself that.. read more →

The PAYE system is changing from April 2013 and, if you operate a payroll, YOU WILL BE BE AFFECTED. HM Revenue & Customs are introducting a new process called Real Time Information, or RTI.  The official reason is so things like tax credits and benefits are more accurate.  A by product is that HMRC will.. read more →

31st January is the final deadline for submitting a 2011/12 Self Assessment return. If a tax return is submitted late, then an initial penalty of £100 will automatically be charged. If the return remains outstanding after a further 3 months, then daily penalties of £10 will commence. DO NOT DELAY – if you need to.. read more →

HMRC have announced slightly altered fuel rates for company cars. The figures apply to all journeys on or after 1 December 2012, until further notice. For one month from the date of change, employers may use either the previous or new rates, of which only the LPG column has changed. Firms may, therefore, make or.. read more →