Fun is over, back to work
We hope you have all had a very happy Christmas, but now it is time to look towards getting your tax returns in by the end of January. A late return incurs penalties even if it shows no tax payable. These rise from an immediate £100 to £1,600 after 12 months and are automatic. Or … Continue reading Fun is over, back to work
Many people think that as a self-employed person, you won’t get any financial assistance when you are pregnant and spending time at home looking after your new child. However, there is a social security benefit called Maternity Allowance that you may be entitled to. Please note that this does not apply to limited companies, it is … Continue reading Can you get maternity pay if you are self-employed?
As we approach the new tax year let us look at some of the changes that we will be facing. These will leave some of us better off but many will face higher bills. Let us look at some of the changes and the effects that they will have on us. Introduction of a new … Continue reading Changes In Tax
We all make mistakes from time to time and underpaying VAT due to an error on your last VAT return can be corrected quite easily by adding it on to your next VAT return. In most cases that will be the end of the matter, however HMRC’s view of careless errors is quite uncompromising so … Continue reading Correcting VAT errors
Thinking of doing a bit of work on the side? You might change your mind after reading the latest quarterly list of deliberate tax defaulters’ details that has recently been published by HMRC. This latest listing has added 133 names to the list of those who have received penalties either for deliberate errors in tax … Continue reading Largest Tax Defaulter charged £4,300,000 in penalties