HMRC Investigations
Even for entirely honest taxpayers, a letter from HMRC saying they are planning to open an enquiry can be a disturbing event. Whilst it will usually be advisable to take professional advice when HMRC open an inquiry, the article below…
Tax Questions and Answers
I’m told I will need to make a payment on account in July. What is this? When you receive income from PAYE, tax is deducted from each payment throughout the year. When you have income outside PAYE, from such things…
New Power Puts Landlords in HMRC’s Sights
If you are a landlord who has not declared their rental income and are using a letting agent, HM Revenue & Customs (HMRC) could soon be on your trail. That is because HMRC now have a right to demand lettings…
Tax Questions and Answers
I’ve focussed so much on growing my new business, I haven’t kept up with the tax side of things. Now it’s May 2018 and I still haven’t filed my 2016/17 tax return. What penalties am I facing? The deadline for…
Scamming on the Telephone
I have previously reported in these pages on the various e-mail scams purporting to come from HMRC and other finance bodies. These continue to be an issue and you should always be wary of unexpected e-mails. This is especially true…
Tax Questions and Answers
I started my business in the summer. Should I have completed a tax return this January? No, the first tax return you will need to complete is for the year ended 5th April 2018, the tax year in which your…
Aliens and vertigo among excuses for missing tax return deadline
In the run-up to the tax return deadline, HM Revenue & Customs (HMRC) released a list of wonderful excuses it has received from those who fail to meet the deadline for filing self-assessment tax returns – some of which have…
Tax Questions and Answers
By Steve Brown Could you tell me more about these tax-free childcare accounts that are replacing the current childcare voucher scheme please? New tax-free childcare accounts were announced in 2014 to replace the employer-provided childcare voucher scheme. Introduction has been…