Warning: Real Time Information (RTI), Full Payment Submission (FPS), and the Prospect of Late Filing and Late Payment Penalties for Payroll October 2014 is fast approaching. On this date you must [...]
A crucial withdrawal as HMRC cuts out the "Denial" option from COP 9 Investigations The Contractual Disclosure Facility is used by HMRC to investigate suspected cases of tax fraud. All such [...]
National Insurance Contributions: Benefitting with Form P9D Form P9D is particularly for those who earn less than £8,500* in a tax year. Through form P9D, they are required to report all the [...]
National Insurance Contributions: Benefiting with Form P11D Form P11D is designed for anyone earning over £8,500 p.a. to report benefits and expenses. The form must be submitted to HMRC by 6 July [...]
Like it or not, HMRC has as the Chancellor said it would at the last Budget Statement, been given greater powers and more money in its efforts to close in on the approximately £35 billion of tax that [...]
HMRC Consulting for New Powers to Take Money Owed Directly From Your Bank Account In the Spring budget 2014, George Osborne outlined plans for HMRC’s proposed new powers: to recover tax debts [...]
Will Changes to Capital Gains Tax Hit Only Non-UK Residents? British expats and foreigners who own residential property in the UK will have to pay capital gains tax from 2015. The idea, first muted [...]
"HMRC Benchmarking": What is it, and what does it mean to businesses? HMRC has what is called a Transparent Benchmarking Team, assigned to test the profit ratio "benchmarks" among a selection of [...]
Declar Your Second Incomes HMRC is targeting undeclared second incomes! A disclosure facility for the Second Incomes Campaign provides individuals an opportunity to declare additional income that [...]
What's salary sacrifice? Salary sacrifice is an agreement between the employer and employee on making an arrangement to reduce an employee’s cash pay in return for non-cash benefits like a [...]