by Andrew Totton | Jan 3, 2018 | Uncategorized
The number of penalties HMRC imposed on taxpayers for ‘deliberate errors’ on tax returns rose to 34,100 last year, up from 28,700 in 2015/16. This is due to HMRC looking to squeeze more revenue from taxpayers to bridge the gap between actual tax revenue it receives... by Andrew Totton | May 17, 2017 | Budget Announcements, Business Taxes
What is all the fuss about? Making Tax digital (MTD) is a government initiative that is designed to transform the Tax system by 2020, and will mean the end of the traditional annual tax return. However, the starting timetable is much sooner than this – 2018 for some... by Andrew Totton | Mar 19, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?
On 18th March, the Chancellor announced in his budget, that the current tax regime would be abolished in favour of an online tax account. When will the tax return be abolished? The tax return will continue into existence until 2020. How will taxpayers report...
