HMRC have launched the Property Sales campaign, which is the latest in a long line of disclosure facilities. Under the campaign those individuals who have sold a residential property and made a profit are able to bring their tax affairs up to date. To take advantage of the best possible terms, taxpayers must voluntarily disclose […]

For the first time, HMRC have published a list of ‘deliberate tax defaulters’.  To read the full list, please click on the link below. Internet link: Defaulters list

HMRC are reminding people with income over £60,000 whose family is still receiving Child Benefit to consider ‘opting out’ before 28 March if they wish to avoid filling in a tax return and repaying the benefit for the 2013/14 tax year. According to HMRC’s latest figures over 370,000 people have opted out of Child Benefit […]

HMRC are reminding employers that in order to avoid penalties they must file the Employer Annual Return (P35 and P14s) online and on time. The vast majority of employers must file electronically and the deadline for submission of the forms is 19 May 2013 which this year falls on a Sunday.   To avoid unnecessary late […]

Updated company car advisory fuel rates have been published which took effect from 1 March 2013. HMRC’s website states: ‘These rates apply to all journeys on or after 1 March 2013 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose. […]

HMRC have announced that, for some smaller employers, they will relax the reporting requirement for RTI that payments to employees should be reported on or before the amount is paid to the employee. The relaxation for small employers (those with fewer than 50 employees) who pay employees weekly, or more frequently, but only process their […]

Major reforms have been announced in Budget 2013, including over £5.4 billion of financial help, to tackle long-term problems in the housing market and to support those who want to get on or move up the housing ladder, including the introduction of a new housing scheme, Help to Buy. From April 2013, the Government will […]

New tax incentives for childcare have been announced. To be eligible, families will have to have all parents in work, with each earning less than £150,000 a year and not already receiving support through Tax Credits or Universal Credit. The relief will be 20% of the costs of childcare up to a total of childcare […]

The Government will introduce an allowance of £2,000 per year for all businesses and charities to be offset against their employer Class 1 NIC liability from April 2014. The allowance will be claimed as part of the normal payroll process through Real Time Information (RTI). The Government proposes to introduce legislation on this issue later […]

It has been confirmed in the Budget that the basic personal allowance will be increased from the current £8,105 to £9,440 for 2013/14. This increase is part of the plan of the Coalition Government to ultimately raise the allowance to £10,000 which will be achieved from 2014/15. The reduction in the personal allowance for those […]