Address
30 Thorpe Wood, Peterborough, Cambs, PE3 6SR
- Tax Saving Accountants
- 30 Dec 13
HMRC “Lose its Nerve” Over Big Businesses
A number of big companies such as Starbucks and Amazon have recently attracted criticism for hugely underpaying UK tax. Now, it has been claimed by the Public Accounts Committee that HMRC tends to lose its nerve when pursuing such big businesses. In their report on HMRC’s annual accounts, the committee said that: “HMRC holds back […]
- Tax Saving Accountants
- 23 Dec 13
Extended PAYE Compliance Deadline for Micro-Businesses
Micro-businesses have benefited from an extension to the deadline for compliance with real-time PAYE reporting (RTI) requirements. The deadline has now been pushed back to April 2016. Small businesses with more than 10 and up to 49 employees, meanwhile, have until April 2014 to begin sending information in real time. This deadline is also an […]
- Tax Saving Accountants
- 16 Dec 13
UK Tax Attractive to Businesses
According to KPMG, the UK’s current tax climate is highly attractive to businesses and is in a good position for attracting large international corporations. However, the way tax issues are covered in the media are reducing the positive effect. These findings are based on data from KPMG’s annual tax competitiveness report. Respondents, when asked to […]
- Tax Saving Accountants
- 9 Dec 13
Paperless Self-Assessment Coming
Following an HMRC consultation, it has been announced that paperless self-assessment may soon be introduced. Under this system, all communications from HMRC to taxpayers will take place through electronic methods rather than through the post. At present, only a quarter of communications that HMRC send to ten million self-assessment taxpayers in the UK can be […]
- Tax Saving Accountants
- 2 Dec 13
Clegg’s Tax Warning for Foreign Property Investors
According to Nick Clegg, foreign investors who buy luxury London properties could face new taxes. The warning came with the approach of the Autumn Statement. According to Clegg, plans are currently under consideration by the government to introduce new taxes that would affect these investors. Specifically, the government are considering the introduction of new council […]
- Tax Saving Accountants
- 25 Nov 13
The UK’s Tax Agreement With The Cayman Islands
The Cayman Islands have signed an agreement to automatically exchange taxation information with the UK. This has made them the first British overseas territory to sign up to such an arrangement, though similar agreements have previously been made closer to home with Jersey and Guernsey. The signing of this agreement ends the use of the […]
- Tax Saving Accountants
- 18 Nov 13
HMRC Loses Most Staff in Four Years
It has emerged that 2012-2013 saw HMRC lose the largest number of staff in four years. 1697 staff left the tax body in the course of the financial year, which represents a small increase compared to 1629 the year before. These figures were unearthed by research from UHY Hacker Young, a top 20 firm. With […]
- Tax Saving Accountants
- 11 Nov 13
More Tax Independence for Wales
The Welsh Assembly is to receive greater independent powers when it comes to taxation. The new powers will, subject to the outcome of a referendum, cover a number of levies including income tax and stamp duty. These measures follow the recommendations made by a report which was issued last year. At present, the Welsh assembly […]
- Tax Saving Accountants
- 4 Nov 13
HMRC Are Closing Unused PAYE Schemes
HMRC have announced that they will close unused PAYE schemes. Letters will be sent out to the relevant employers warning them that their schemes are due for closure. This will apply to unused schemes opened after 5th April this year. Specifically, it affects schemes where no PAYE returns have been completed or payments made within […]
- Tax Saving Accountants
- 28 Oct 13
New VAT Taskforce Launched
HMRC has launched a new taskforce to tackle fraudulent claims for VAT repayment in Northern Ireland and Scotland. The activities of this new taskforce are expected to generate around £7 million. HMRC has said that Scotland and Northern Ireland have recently experienced rising risk levels when it comes to fraudulent VAT repayment claims. This especially […]