Canary Wharf tax return
Tax deadline day is coming round fast. The 31 January 2014 will soon be upon us, and if you are due to submit a personal self assessment tax return then now is a good time to sort your tax return out,...
View ArticleHow do I set up as a freelance contractor?
This is a question we often get asked as we are specialist freelancer accountants and look after the accounting and taxation affairs of many freelancer and contractors. First thing is find out whether...
View ArticleISA reminder
A last minute reminder for 13/14 personal tax year. The personal tax year ends on the 5 April 14, if you have not already done so, then you should consider making use of your ISA allowance before it is...
View ArticleTax Free Childcare
Childcare can be a headache for working people and every little bit of help with costs is appreciated by working parents. HMRC currently offer a childcare vouchers scheme which will continue, but here...
View ArticleFancy being your own boss?
Easter has now passed, the weather is getting better and the days are becoming longer and people tend to be thinking more about the future and new business ventures and job opportunities. Maybe you are...
View ArticleHMRC’s plans to recover tax debts direct from taxpayers bank accounts
HMRC published a consultation document this week where it discussed proposals on how to recover tax debts directly from tax payers bank accounts without the need for a court order. This would be used...
View ArticleOne thing wrong with the tax system?
One thing most people would agree on is tax is complicated. The detail of tax is where people will disagree and politicians spend an awful lot of time debating, amending, rewriting and tinkering with...
View ArticleContracting during the World Cup
How should Freelancers and contractors cope with the world cup? The football world cup is just around the corner and the excitement is building for both football and non football fans alike. The world...
View ArticleTax Avoidance
Tax avoidance is an all too common headline in the papers these days, it seems as though almost every celebrity is at it to some degree or another, while the man or woman in the street is struggling to...
View ArticleHave you used a tax avoidance scheme?
The Finance Bill has now received Royal assent and controversial accelerated payment notices are now law. This means from next month HMRC can issue accelerated payment notices to people HMRC consider...
View ArticleAutomatic exchange of financial information
The Organisation for Economic Co-Operation and Development, OECD, an organisation which promotes policies which will improve the economic and social welfare of people around the world which has...
View ArticleHas your bonus been reclaimed?
If you have been paid a bonus and your employer reclaims it through your contractual obligations, rather than a breach of contract then you may be able to claim income tax relief of the amount...
View ArticleAre HMRC getting more powerful?
The Inland Revenue were once the least least frightening of the all the UK tax authorities, lagging behind the VAT people who had inspection powers comparable to the police service. Now that Inland...
View ArticlePension Tax Windfall
The Government may have next April and unexpected tax windfall. It is expected from April 2015, people will be allowed to access their pension funds, under the new UK Pension reforms. It is expected...
View ArticleLondon suffers highest annual tax on enveloped dwellings
London suffers highest annual tax enveloped dwellings (ATED). London is suffering the highest burden on a recently introduced tax on high value, over £2m in value, which targets properties owned by non...
View ArticleHRMC withdraws controversial proposal
Previously we wrote about a controversial proposal by HRMC to make it an automatic criminal offence to hold any undeclared taxable income offshore. It seems as though HMRC are backing away from this...
View ArticleAccelerated payment notices go to Judicial review
There has been an interesting recent development around HMRC Accelerated Payment Notices. Accelerated payment notices, which were introduced by last years finance bill, and are controversial because...
View ArticleTax saving schemes
The personal tax year for 2014/15 is due to end shortly on the 5th April 15. If you have maxed out on your pension contributions and used your full ISA allowance, what options are available to a higher...
View ArticleThe end of the tax return?
Tax return completion and submission for people with simple tax affairs, most people would agree is overtly complex, and not something most people would look forward to doing. Over the next parliament,...
View ArticleIR35 enquiries
Interesting figures have just been released from HM Revenue and Customs which show how many IR35 enquiries were raised for 2013/14 tax year and the corresponding amount of revenue they raised. In total...
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