A record breaking year for Self Assessment
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...7 weeks to go….
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...Tax-free Christmas party EMPLOYEE BENEFITS
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...HMRC targets certain health professionals
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,...Swiss bank account holders
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...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation