Small business rates relief

The following information is reproduced from the GOV.UK website where you can get more information on this topic if required. You can get small business rate relief if: you only use one property its rateable value is less than £12,000 What you get Until 31 March 2015 you’ll get 100% Read more…

Watch out for copycat sites

There has considerable press commentary during the last few weeks about a “copy-cat” website taxreturngateway.  If you Google tax return gateway you will still be directed to https://secure.taxreturngateway.com, it’s the top listing. The site purports to act as a channel that allows you to file your return online. When you Read more…

The demographics of late tax returns

Readers will no doubt be aware that if you are required to file a self-assessment tax return for the tax year ending 5 April 2013, the filing deadline for electronic submission is 31 January 2014. At the time this blog posting was written that leaves you just 10 days to Read more…

Bitcoins make waves

The internet currency Bitcoins is drawing the attention of US regulators. Recently New York prosecutors confiscated $28 million of the e-currency from the Silk Road marketplace. The Bitcoins were taken because they were received as payments for illegal activities. In the UK Bitcoins may be about to get an unexpected Read more…

Plan for progress

We are now in the last quarter of the current tax year that ends 5 April 2014. If you are in business or pay income tax at the higher rates there is a strong argument that you should consider, and invest in, a tax planning review with your professional advisor. Read more…

Google to get �24m tax bill

 It would seem that HMRC are making progress in their efforts to make larger concerns more responsible when paying tax. Google have been criticised in the past for using complex arrangements to reduce their UK tax liabilities. Google have responded that they have only taken advantage of tax strategies that Read more…

HMRC publish oddest excuses

As the rush to file outstanding 2013 tax returns gathers pace, HMRC have published ten of the “oddest” excuses for late filing of returns in previous years. Readers should note that none of the excuses were successful! In no particular order they are: 1. My pet goldfish died (self-employed builder); Read more…

Tax Diary January/February 2014

 1 January 2014 – Due date for Corporation Tax payable for the year ended 31 March 2013.  19 January 2014 – PAYE and NIC deductions due for month ended 5 January 2014. (If you pay your tax electronically the due date is 22 January 2014.)  19 January 2014 – Filing Read more…

Tax office bogus emails

Readers are reminded that HMRC do not send communications to tax payers by email. If you receive an email purporting to be from HMRC, it will be some sort of “scam” and should be ignored (deleted from your PC).   Do not under any circumstances open any attached files or Read more…

Taxable benefits 2013-14

Where employees are provided with living accommodation, a car or a van, any private use is usually subject to specific scale charges or other rules. This article considers the provision of two further classes of assets provided for an employee’s or director’s personal use. The cash equivalent of the asset Read more…

Salaried members of LLPs

HMRC published the draft Finance Bill 2014 last month. Included were changes to the taxation of certain partnerships. This article discusses the introduction of a new type of partnership member for Limited Liability Partnerships (LLPs) that will commence 6 April 2014: the “salaried member”. The new status has been introduced Read more…

New year tax changes 2014

In his Autumn Statement last month George Osborne announced a number of measures to help businesses grow and support families with cost of living pressures. Here’s a quick round up of the changes you can expect: For growing businesses: To help business grow and create jobs and to provide help Read more…