HMRC have recently introduced a new penalty regime that applies to tax returns that under declare the amount of tax payable. It applies to all tax return documents filed on or after 1st April 2009. The penalties all centre around the care applied when producing and submitting the return. In [...]
There are occassions where the director of a business will need to pay for business expenditure out of his or her own pocket. For example, you could be away on a trip and see a shiny new must have piece of equipment at a knock down price. You don’t have your company card with you, but do [...]
You may shortly receive a letter from HMRC advising of the future changes to online filing of corporation tax returns. The changes are that from 1st April 2011 it will be compulsory for all companies, clubs, associations and any other organistation that pays corporation tax to submit their [...]
There are currently a number of e mails being sent out containing the following message: “After the last annual calculations of your fiscal activity, we have determined that you are eligible to receive a tax refund of 188.50 GBP. Please submit the tax refund request and allow us 2-3 days in [...]
the 31st July represents the deadline for paying your second payment on account towards your 09/10 tax bill if you are self employed. If this payment is submitted after the 31st, interest will start to be charged by HMRCE. If you are unable to make the full payment on time, I’d suggest [...]