by Andrew Totton | Feb 22, 2016 | Business Taxes, Payroll, Self assessment, Starting a business?, Uncategorized
With the new Dividend tax rules that come into force from 6th April 2016, the HMRC has decided that it doesn’t want to wait until April 2017 to start collecting these new revenues, when those affected declare the earnings and Income tax through their self-assessment... by Andrew Totton | Jun 23, 2015 | Business Taxes, Self assessment, Starting a business?, VAT
Thousands of us do it – but did you know that if you sell items on sites like E-Bay, Gumtree and Amazon, that you could be the target of a HMRC crackdown on tax evasion? Following changes to HMRC’s powers last year, various selling websites are being... by Andrew Totton | Feb 8, 2015 | Business Taxes, Self assessment
Under proposed government plans, hundreds of thousands of people will no longer be hit with £100 fines for failing to complete their income tax returns on time. This would relate to those taxpayers who miss the deadline by a day or two only. In addition, it is being... by Andrew Totton | Sep 30, 2014 | Business Taxes
HM Revenue & Customs (HMRC) has, this week, increased its powers to be able to take up to £17,000 each year, for tax debts, directly from individuals accounts. Previously the limit was £3,000, but has now been substantially increased. This change will not affect... by Andrew Totton | Jul 26, 2014 | Payroll
HMRC has published a fact sheet for employers on in-year RTI late filing penalties which will come into effect from the 6th of October this year. The guidance encourages employers to ensure they are up to date with all PAYE submissions by the fifth of October in order...
