People Who Sell Second Properties Targeted
A new campaign has been announced by the tax office, this time aimed at those who have sold property in the UK or abroad, where CGT should have been paid on any profits made. Properties involved include properties that were given to, or inherited by, the sellers, as well as holiday homes. People will have until … Continue reading People Who Sell Second Properties Targeted
HM Revenue & Customs has launched a new campaign aimed at reducing the number of employers who include incorrect or dummy information in their employer returns. Every year, thousands of returns containing dummy, incomplete or inaccurate information are submitted to the Revenue. The inaccuracies relate to the personal details of employees, including their names, dates … Continue reading Revenue Launches Campaign Against Inaccurate Employer Returns
We are currently appealing against penalties imposed on a client for late filing of PAYE returns last year on the grounds that, despite several notices sent to the tax office that the client had moved, the tax office had consistently refused to amend their records. Accordingly, they had sent reminders to the old address. Their … Continue reading End of Year PAYE
HM Revenue & Customs is expected to publish further guidance on when and how IR35 rules will apply during publication of next week’s Budget. It is anticipated that the new approach will lead to more restrictions on contractors and increased IR35 tax investigations. IR35 is a long standing anti-avoidance measure. Many workers, including senior civil … Continue reading A Crackdown On IR35 Expected
1st Payment of Corporation Tax for Year To 31st May All Companies with 31st May year-ends 7th Electronic Payment of VAT for Quarter to 31 January Businesses completing January VAT Returns 19th Submission of CIS Return to 5th March All Contractors in Construction Industry 19th Manual Payment of PAYE and CIS Tax to 5th March … Continue reading Upcoming March Tax Deadlines