HMRC wins appeal over CGT tax discrepancy The situation involving John and Janet Beesley’s tax affairs unfolded due to a series of significant errors made by their accountant. (John and Janet Beesley v HMRC [2023] TC08871) The Beesleys submitted their self assessment returns for the year 2015/16 in January 2017. Neither included a capital gain […]
Tag Archives: compliance
Compliance, Moorgate update, MTD, PAYE, Payroll, Self Assessment, Tax advice, VAT Compliance
Autumn Statement – November 2023
23
Nov
Nov
Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Income […]
26
Jan
Jan
Tax Returns for Overseas Income If you’re living or working abroad, you may still have to pay UK tax on some or all of your income. It all depends on where the money’s coming from and what your tax residence status is. This is a very complex area of tax regulation, and the rules that […]
19
Oct
Oct
Congratulations! As a Director of your own limited company you’re going places. Hopefully you’ve also earned some money and now you’re wondering, how you pay yourself? As a business owner and a Director of a Limited company you have options. Get Paid via PAYE or Payroll This is probably the easiest option available to you […]
13
Oct
Oct
Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. This is called ‘automatic enrolment’. If you employ at least one person you are an employer and you have certain legal duties. What you need to do next will depend on whether […]
28
Jul
Jul
How much Tax is there to pay on a ‘Cash Gift’? We received a call today from a prospective client asking us whether there would be any tax to pay by either him or the recipients of cash gifts he wanted to make. He had called 10 other accountants before us for advice: 7 of […]