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UK Wear & Tear Allowance
UK Wear & Tear Allowance To become Replacement Furniture Relief in 2016/17 The Government this week issued a Consultation Document to explain their proposals to introduce a Replacement Furniture Relief [...]
A Complex Budget from the UK Chancellor
A Complex Budget from the UK Chancellor Chancellor George Osborne delivered the first Budget of a Conservative Government for nearly 20 years and managed to pull a few surprises. The [...]
HMRC waive £100 Penalty for Failure to File 2013/14 Tax Returns
HMRC waive £100 Penalty for Failure to File 2013/14 Tax Returns In a carefully worded statement published on 5 June, HMRC announced that the £100 penalty will not be pursued in [...]
UK Budget 2015 Headlines
This Pre-Election Budget has thrown up a few surprises and a few give-aways Annual personal tax returns are to be replaced by new digital tax accounts (projected to be [...]
Class 2 NIC changes: self-employed to pay under Self-Assessment
Class 2 NIC will now be an annual liability linked to the level of profits From April 2015, Class 2 National Insurance Contributions (NIC), which have hitherto been paid [...]
£100 penalty being abolished by HMRC? Don’t cheer too loudly Yet
A discussion document entitled HMRC Penalties has been issued which promotes the view that, in future, the automatic £100 penalty for failure to file a personal tax return by the [...]