Tag Archive

More Regulations for the CIS Industry

Published on October 3, 2014 By admin

Contractors in the CIS (Construction Industry Scheme) usually file tax forms online, but now the HMRC proposes that the employers need to do an electronic check that sub-contractors are paying the right amount tax. This suggestion has been made with the objective of increasing the tax revenue received from the CIS scheme, which has largely […]

How to Escape PAYE Penalties

Published on April 6, 2012 By admin

The general rule is that if you miss the PAYE deadline of the HMRC or break one of many established rules where a penalty applies HMRC will let you know immediately the penalty applicable. However, the new PAYE late payment penalties are somewhat different from the other penalties.

How to use Vouchers for Tax Savings

Published on March 30, 2012 By admin

If you’re looking for a low admin benefit to be given to your employees, vouchers may be the answer. The range of goods and services you can provide this way is huge, making them more appealing to your employees.

What Counts as a Fair and Reasonable VAT Claim?

Published on March 16, 2012 By admin

Where you buy goods or services that are used only for business, the view of HMRC is that you can reclaim a fair and reasonable proportion of the VAT. But in some cases you can reclaim the entire amount.

How can Small Businesses Break the Barriers and Move Forward?

Published on December 30, 2011 By admin

Every business owner has an objective in mind. Whether it is to increase the revenue, expand the market share or cut down on costs, a business owner needs to pay attention to the core revenue generating aspect of his business. Small business and start up business owners have many things to worry about from regulatory […]

Tax Return Tips and Advice

Published on December 23, 2011 By admin

Deadline for filing your tax return For individuals in the UK, the deadline for filing your paper tax return is 31 October each year.  For online filing of tax returns the deadline is 31 January each year. If you happen to file you paper tax return after 31 October or your online tax return after […]