(Article courtesy of Abbey Tax Protection) After three Tribunal Hearings, the first of which was in October 2011, a self-employed consultant geriatrician has lost his long battle with HM Revenue & Customs (HMRC) over his business mileage claims. The First-Tier Tribunal (FTT) has decided that Dr Samadian cannot treat his home as the starting point […]
Tax Diary February/March 2013
1 February 2013 – Due date for corporation tax payable for the year ended 30 April 2012. 19 February 2013 – PAYE and NIC deductions due for month ended 5 February 2013. (If you pay your tax electronically the due date is 22 February 2013) 19 February 2013 – Filing deadline for the CIS300 monthly […]
50,000 businesses targeted by HMRC
Businesses that have failed to submit their VAT returns by the due date will be targeted by HMRC this month. An estimated 50,000 businesses may be affected by this latest campaign by HMRC. Registered traders who have outstanding returns to file may find that their tax affairs will be closely scrutinised and without prior warning.According […]
Additional tax allowances and reliefs
There are a number of tax allowances that can be claimed if certain conditions apply, in some cases these can be transferred to your spouse or civil partner if you are unable to utilise the additional tax relief. 1. Increased personal allowance from age 65. You will be eligible to apply for an additional personal tax […]
New flat rate state pension announced
It has been proposed that from 2017 a new flat-rate state pension will be paid – worth in today’s money £144 a week. Details will no doubt change over time but some of the information available so far is listed below: • As stated above the starting rate April 2017 will be £144 per week, £7,488 […]
Payroll changes April 2013
Employers should make sure that they are ready for the switch to the Real Time Information (RTI) from April 2013. Most employers will be affected from April 2013 and all employers by October 2013. Essentially, RTI requires that you submit payroll data on or before the date that salaries and wages are paid to employees […]