Insights

Tax, Audit & Accounts

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November 2, 2011

It’s just not logical…


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If you haven’t sent in your 2010/11 Self Assessment return, you now must send it online if you want to avoid a penalty, as the 31 October deadline for paper

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October 12, 2011

HMRC acting unfairly (again!)


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Another tax case of interest has been decided recently in the First Tier Tribunal of appeals in favour of the taxpayer. This concerned an appeal against a £400 penalty for

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September 27, 2011

Out of control?


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Greatly increased penalties now exist for submitting personal tax returns late to HMRC and it seems to me that those least likely to be able to afford them are most

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September 5, 2011

More information passing to HMRC?


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From 1 September applicants for mortgages should be aware of the Mortgage Verification Scheme under which their proposed lender may be passing information on to HMRC.  The Scheme is supposedly

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August 24, 2011

Tax on gratuities


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You may have missed a recent story about tax evasion from Germany which might raise a smile but also has a lesson.  Tax authorities raided a woman who ran a

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August 22, 2011

What is a “reasonable excuse”


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Penalties are often imposed by HMRC for late payment of tax or filing, and the legislation says that these penalties apply unless there is a ‘reasonable excuse’. HMRC have always

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August 15, 2011

Employed or Self Employed?


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A recent Supreme Court judgement has again highlighted the troubled area of what is employment and what is self-employment and shows that it is not just H M Revenue &

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August 4, 2011

Double standards?


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You’ve got to wonder about the workings of HMRC. Admissions that huge numbers of people have been incorrectly taxed, reports that statements regarding payments on account were not sent out

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July 24, 2011

Payment on account 31 July, need a reminder?


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If you’re a Self Assessment taxpayer you’ll know that you may have to make Payments on Account of your tax liability, one of which is due on 31 July. Helpfully

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July 21, 2011

IXBRL – the future is supposedly simpler….


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HMRC have recently introduced a new “on-Line” filing system for Corporation Tax returns with the impressive sounding name iXBRL which is supposed to make things easier.  Only it isn’t. One

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February 25, 2011

Year end tax planning


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Year end tax planning… With little more than five weeks to go until the tax year end, now is the time to think about what you can do to reduce

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February 9, 2011

Are stealth taxes back?


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One reputation that the last Government had was for so called ‘stealth’ taxes.  Increases in taxes that weren’t really announced, weren’t really obvious.  It was a continual criticism from the

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