Tax returns for the current tax year (2007/08) will have to be filed earlier than previous years. The new deadline for paper returns will be 31 October 2008 while returns submitted online will keep their deadline the same, at 31 Jannary 2009.
The tax enquiry window is also changing. Rather than being one year […]
By checking your PAYE coding notices you can make sure that you are paying the right amount of tax. Many people do not know they may be paying more tax than they should. Or you may not be paying as much as you should and you then have a responsibility to let HMRC know. […]
The new Tenancy Deposit Protection scheme, which came into force recently, could inadvertently allow HMRC to launch a crackdown on landlords who aren’t declaring their rental receipts to the Taxman.
The scheme is sponsored by government departments who have confirmed they will be providing details of tenancy agreements to HMRC.
Landlords who fail to register for the […]
Having recently got married, I thought it useful to summarise the tax pros and cons of such a happy union.
- a couple can have only one main (tax exempt) residence
- assets can be transferred free of capital gains tax between spouses
- spouses are connected for all sorts of things including the associated companies rules where […]
A recent court ruling has stated that lap dancers will now have to charge VAT to their customers. It ruled that the dancers (rather than the gentleman’s club) negotiated directly with clients over money so it is the girls that must charge the VAT.
Just don’t expect to get a VAT receipt from them!
Employees have far fewer expenses and costs that can reduce their tax bill than do the self employed. However, there are a few items listed below which are tax deductible if incurred by the employee (every little helps!):
- travel and subsistence (lunch etc) to a temporary work place
- protective clothing or uniforms
- industry […]