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getting things done »

[12 Feb 2016 | Comments Off on Wriggle Room and Late Filing Penalties | ]
Wriggle Room and Late Filing Penalties

Do you have a penalty notice from HMRC relating to the late filing of a 2013/14 or 2014/15 Self Assessment tax return?
Then you may be interested in a working practice which HMRC introduced recently, because they don’t have enough staff to check “reasonable excuse” claims. And whatsmore, they have extended the meaning of “reasonable excuse” which used to be limited to things like . .

Death of a close relative
Burglary
Flood

. . . to include a number of lesser reasons which they previously refused to accept. So “reasonable excuse” now includes . …

one offs »

[18 Mar 2011 | One Comment | ]
How to do your tax return yourself

The standard Self Assessment (SA) tax return
You don’t need a tax expert or an accountant to do a tax return for you, and there are a number of ways to handle this yourself.

The HMRC web site
Software designed for consumers
The original paper forms

Bear in mind though that if you get a Self Assessment (SA) tax return, you have an obligation in law to complete it and to submit it on time. And, if they don’t send you a return or if you don’t have a Unique Taxpayer Reference (UTR) then they …

routine »

[1 Jan 2011 | No Comment | ]

Business is business, and your clients know (just the same as you do) that if payments are not made properly, then the business relationship they have with you will ultimately die. Here are 5 key steps to help you ensure that things are kept under control.
1. Terms and Conditions. You need to manage expectations, and a properly drafted set of terms and conditions (T&C) sets the scene immediately. Don’t start work without one. It allows both you and your client to understand the roles and requirements of each party. It …

annual, routine »

[24 Jun 2009 | No Comment | ]
Tax Return Checklist

The UK tax year runs from 6 Apr to 5 Apr . . .
So that we can keep track of your tax office and reference numbers, please let us have either:

Page one of your tax return; or
The “Notice to File”.

Student Loans

A copy of the Student Loan account showing the balance remaining on 5 Apr just gone.
Tell us if a new one has started since 5 Apr.
Tell us if an old one has been fully paid off since 5 Apr.

Is you Domicile outside the UK?
In tax law the word “domicile” …