Three ways accelerated tax payments are likely to affect you

Category: Accounting & Tax & Uncategorized

George Osborne announced last year that the tax system as we currently know it will be phased out by 2020, after the Treasury described the system of tax returns as “complex, costly and time-consuming.” In its place, a new digital system will be rolled out by the government which purports to be easier to use and manage for both individuals and businesses.

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As the tax return deadline approaches HMRC reveal the worst ever tax excuses

Category: Accounting & Tax & Uncategorized

With the deadline for online tax returns fast approaching (31st January 2016 for the tax year April 2014 – April 2015), HMRC have again shared their top ten terrible tax excuses. Ranging from paperwork eating pets to people who were simply out of the country, the list is comprised completely of unsuccessful appeals against penalties imposed by HMRC.

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New Digital Tax Accounts are coming…

Category: Accounting & HMRC & Tax & Uncategorized

Information in the Autumn Statement indicates that by 2020 individual taxpayers may be expected to report and pay their liabilities every quarter via their new digital tax accounts. The Chancellor promised an injection of £1.3bn to deliver, “the most digitally advanced tax administration in the world” by 2020.

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