Posts By: ilyas Patel

GOV.UK website has replaced Business Link and Directgov sites

GOV.UK launched today, initially replacing Business Link and Directgov. This is the first step towards making GOV.UK the definitive website for interacting with central government. In the meantime, HMRC’s website is still available as a primary source of online support and it’s important to note that there will be no immediate changes to HMRC’s online… Read more »

Autumn Statement

The Chancellor has delivered his 2012 Autumn Statement to parliament The Department for Business has secured £2.4 billion of additional funding to support growth, with a focus on skills and science projects. This money reinforces the Government’s commitment to plan for medium and long term recovery and will aid the development of an industrial strategy. Some… Read more »

HMRC – Registration call for Self Assessment

HMRC is to issue a call to all newcomers who are preparing to complete their first online self assessment tax return. Remember!  In order to complete your self assessment tax return online you MUST register for HMRC’s online services well in advance because it can take up to seven working days to complete the process, as… Read more »

Taskforce Targets Private Landlords

The Taxman has announced a taskforce to investigate tax avoidance in landlords in South East England. Private residential landlords have now been the subject of a taskforce in: Scotland, North Wales, London, East Anglia, North East, North West, and now South East England. That covers pretty much the whole of the UK. The message is… Read more »

December Key Tax Dates

19/22 – PAYE/NIC and CIS deductions due for month to 5/12/2012 30 – Deadline for 2011/12 self assessment online returns to be filed if you are an employee and want tax underpaid to be collected by adjustment to your 2013/14 PAYE code (for underpayments of up to £3000 only)

Millionaires left Britain to avoid the 50p tax rate

It has been reported that almost two-thirds of the country’s millionaire earners left Britain when the 50p top rate of tax was introduced. In 2009/2010 more that 16,000 people had declared an annual income of more that £1m to H M Revenue & Customs, but after Gordon Brown introduced the new 50p top rate of income… Read more »

Business Record Checks

The Taxman apparently believes that anyone who does business in cash must be a potential ‘tax cheat’. This is ridiculous of-course, but his latest business record checks campaign is based on this fallacy. If you receive a call from the Taxman asking questions about your business records, please refer the caller to us before agreeing… Read more »

HMRC taskforces to tackle tax cheats

HMRC have launched new taskforces to tackle tax cheats in the rag trade and alcohol industry. The specialist taskforce teams will target those who do not pay the right amount of tax in: ◾ the rag trade in the Midlands, North Wales and North West, including manufacturing, wholesale, retail and textile recycling; ◾ the alcohol… Read more »

HMRC – Warning to Tax Avoiders

HM Revenue and Customs (HMRC) have announced that they are sending letters directly to 1,500 people who it suspects are avoiding tax by signing up to one particular avoidance scheme. warning them that their financial affairs are facing scrutiny. The correspondence is a pre-emptive strike before the scheme’s legality is challenged. The National Audit Office said… Read more »

Planning for RTI

  top If you are an employer you should have received information from the Taxman about operating PAYE under Real Time Information (RTI).Employers with fewer than 5001 employees will have to operate RTI from 6 April 2013, and that includes one-man companies. Some employers have already started to use RTI under the pilot program. Individuals… Read more »