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Alan Davis has now become the latest partner to the Dundee office of Henderson Loggie. After having joined the law firm in 2005, coming from KPMG, Davis became an important figure in the Aberdeen and Edinburgh offices. He is also experienced in working at Customs and Exercise for 16 years in Jull. He is also […]
HMRC Rejected Sportech’s £80million VAT Appeal HMRC has recently been refused the leave it needed to appeal in the on-going £80m VAT battle. The battle is currently going against the owners of Spot-the-Ball, Sportech. Sportech is a listed gaming business that recently told the Stock Exchange that Her Majesty’s Revenue and Customs’ bid to have […]
HMRC are beginning to launch specific tax crackdowns in certain regions and in particular industries. One example reported recently was that East Anglia fast food companies may be subject to more rigorous checks. In this particular instance, up to 5 million could be added to the Treasury’s funds, contributing to the 7 billion in annual […]
HM Revenue and Customs have missed their target for tax credits by more than 2.3 billion pounds, meaning that there are still many cases in which people are being overpaid. It’s believed that up to 10% of the tax credits that were issued to the public in 2009 shouldn’t have been. Although there were plans […]
New reform for Pay As You Earn – also known as PAYE – is on the way, but HM Revenue and Customs are expecting that there will be technological hiccups along the way. The changes towards submitting information in real-time is one of the biggest reforms that the taxman has introduced in decades. The reason […]
The government is continuing to cut in order to eliminate the budget deficit, but these falls in spending are also coupled with rises in income tax to boost the revenue which the Treasury receives. It is estimated that £12.5 billion of extra tax revenue will be needed in order to ensure that the government can […]
With many people waiting for many minutes – and in some cases hours – to get through to a customer services representative at HMRC – there has been widespread anger that the company which provides telephone services for the taxman has been making hundreds of thousands of pounds because of how 0845 numbers are used. […]
SMEs Have Less Than 2 Months Until PAYE Changes HMRC is implementing massive changes to how small businesses report PAYE earnings, and companies have less than two months to prepare. From April – the start of the new tax year – real-time reporting on Pay As You Earn will be needed, even if the SMEs […]
Accountants are there to take the stress out of self-assessments. In addition, there are ways that you can make the process of crunching the numbers easy for yourself throughout the year. You might want to make sure you start work well before the January 31 deadline for online submissions. Getting everything to your accountant early […]