Personal Expenses and Tax

This crops up time and time again and so we thought we’d write up a little article to let you know where you stand with the taxman and how it works. The basic rule for work-related expenses is that they are tax deductible where they are incurred wholly and exclusively...

Fraudulent E-mail Regarding HMRC Tax Refund

It has come to our attention that an email is in circulation advising that you have received a tax refund from HMRC, the email then requires you to click on a link to go through the government gateway. HMRC will NEVER email you advising of a refund. See the attached...

RTI Penalties

RTI Penalties HMRC had threatened penalties for those employers that don’t comply with the new RTI rule, here’s an update to see what the latest is. What is RTI? (Real Time Information) Starting from April 2013, all employers must send details of salary, tax and...

Key Points from the Autumn Statement 2012

George Osbourne has delivered his 2012 Autumn Statement we’ve summarised the key points covering business, individuals & pensions. BUSINESS The small companies rate of tax is to be left at 20% but the main corporation tax rate will be cut by a further 1% to 21% by...

Taxman Deploys more Task Forces

As part of a £900m investment, HM Revenue and Customs are deploying extra task forces to curb the activities of tax dodgers.  These teams are expected to recover more than £30m for the public purse.  HMRC have several operations set up to target restaurants, hair and...

PAYE: Real Time Information

There is something big happening in the world of payroll and it’s going to affect all employers. HMRC are introducing “Real Time Information”. Currently, HMRC don’t really know how much is owed on your company payroll until the P35 is submitted at the end...