HMRC’s most wanted tax fugitives

HMRC has published an updated list of their most wanted ‘tax fugitives’ and announced that a ‘fraudster’ has been apprehended at Heathrow Airport whilst travelling on a false passport, following almost ten years on the run. HMRC... Read Full Article...

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Consultation on Tax-Free Childcare for working families

Earlier this year the government announced that it plans to introduce a new childcare scheme for working families. The proposal is that Tax-Free Childcare will provide 20% of working families’ childcare costs, up to £1,200 for each... Read Full Article...

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Pension ‘liberation’

The ICAEW have issued a warning that individuals are being approached by firms offering to help them ‘unlock’ their pensions or access them early. Some unscrupulous firms are using misleading information and in some cases offering personal... Read Full Article...

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PAYE RTI and annual schemes

HMRC are advising that they have now fixed the issue with Annual PAYE schemes. HMRC received a number of requests since April from employers, asking that the status of their PAYE scheme be changed to annual. Due... Read Full Article...

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Parents with higher incomes must register for Self Assessment

HMRC are reminding parents with higher incomes who continued to receive Child Benefit after January 2013 that they must register for Self Assessment by 5 October 2013 to avoid any penalties in relation to the High Income... Read Full Article...

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Auto enrolment the Work Place Pension

Hopefully by now you will have seen on TV or heard on the radio the adverts about work place pensions. ‘I’m in’ are words used. Preparing your business to meet the new auto enrolment rules is something... Read Full Article...

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Family Tax Planning

Wouldn’t it be great to reduce the financial burden of having a family by maximising all of the reliefs and exemptions that are available to you? As most of these are imbedded into legislation it is likely... Read Full Article...

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Incentivising employees

If you are an employer and chose to reward or incentivise an employee it is likely to involve paying them a bonus of which tax is due by both you and them. There is however a number... Read Full Article...

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Tax relief for employees

If you are an employee you may be entitled to claim tax relief on certain qualifying expenses. You can do this even if you don’t have to fill in a tax return and HMRC may also allow... Read Full Article...

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Non statutory expenses

HMRC have introduced an optional system of ‘simpler income tax for smaller businesses’ which takes effect from April 2013 for smaller unincorporated businesses. As a consequence of this change, HMRC are withdrawing some non-statutory ‘business mileage’ deductions... Read Full Article...

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