Errors In PAYE Accounts
Employers should be able to trust HMRC to keep an accurate record of the PAYE they pay, but recently some employers have found odd amounts...
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Simple Assessments
Do you remember how personal tax worked before self-assessment? The inland revenue would raise an estimated tax assessment; the taxpayer would appeal, a tax return...
Read morePensions Annual Allowance
The annual allowance for pension contributions is £40,000 for 2016/17. However there are two circumstances in which the allowance is reduced to a minimum of...
Read moreVAT On Pre-Registration Assets
When a business becomes VAT registered, it can reclaim VAT paid on stock or assets acquired in the four years before the date of registration,...
Read moreMarriage Allowance
The marriage allowance is not a separate allowance; it is a reallocation of 10% of the personnel allowance from one person in a marriage (or...
Read moreSavings Allowance
There is currently no HMRC guidance available on the interaction of the personnel allowance, savings rate band (SRB), savings allowance, and different categories of income....
Read moreOverseas VAT Claims
When a VAT registered business sends its employees or directors on business trips to other EU countries, those individuals will incur expenses such as; hotel...
Read moreUnion Customs Code
If you import or export goods you need to be aware of the Union Customs Codes (UCC) which came into effect accross the EU on...
Read morePurchase Of Own Shares
The huge difference between the rates of CGT (10% or 20%) and the higher rates of income tax (40% and 45%), is encouraging entrepreneurs to...
Read moreDisclosure Opportunities
HMRC is convinced there is a large population who fail to declare all of their taxable income. So it has set up a permanent digital...
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