Despite last minute calls to push back the deadline, a record number of self-assessment tax returns were filed before midnight on January 31st. In total, HM Revenue & Customs received 10.3 million tax returns for 2012/13, beating the previous year’s total of 9.61 million. Much of the increase was down to the Government’s controversial changes to.. read more →

There are only 7 weeks until the filing deadline for 2012/13 Self Assessment Returns. If your return is submitted late, you will be charged an initial penalty of £100. If your return has still not been submitted by 30th April, you will start to be charged a £10 daily penalty for up to 90 days (£900.. read more →

This month gives us an excuse to let our hair down and enjoy a well earned celebration with our work colleagues and partners. This article is a reminder of the tax concessions that apply to the costs of providing the Christmas bash. The cost of an annual staff party or similar function is allowed as.. read more →

A new tax campaign was launched by HMRC on 7 October 2013. The campaign targets: physiotherapists, occupational therapists, chiropractors, osteopaths, chiropodists and podiatrists; homeopaths, dieticians, nutritional therapists, reflexologists, acupuncturists, psychologists, speech, language and art therapists, and other health professionals are also covered. Health professionals have until 31 December 2013 to advise HMRC that they would.. read more →

UK residents, whose Swiss banking arrangements have been disclosed to HMRC under the UK/Swiss tax agreement, have started to receive follow up letters from HMRC. Earlier this year account holders were given a choice: To pay over a fixed percentage of their account balance to compensate for tax previously unpaid. Or, to authorise their Swiss.. read more →