-
Recent Posts
Archives
Categories
Meta
Category Archives: Uncategorized
European Community preference notice updated
The Generalised System of Preferences (GSP) is a trade arrangement through which the EU provides preferential access to the EU market for certain countries in the form of reduced tariffs for their goods when entering the EU market. These rules … Continue reading
Qualifying Recognised Overseas Pension Schemes (QROPS)
The Government published regulations on 21 March 2012 that changed the QROPS tax rules with effect from 6 April 2012. As a result of these changes, pension schemes now have to meet changed conditions to be (and to remain) a … Continue reading
Claiming tax credits
An updated version of the leaflet explaining the workings of both the Child Tax Credit and the Working Tax Credit have been published. The child tax credit is paid to lower income families with children whether they are working or … Continue reading
Posted in Uncategorized
Tagged 50- plus element, backdate, child tax credit, children, couple, HMRC, incomes, new rules, single, tax credits, top -up payments, working tax credit
Leave a comment
PAYE Desktop Viewer (PDV) – update
HMRC have released an update of the PAYE Desktop Viewer (PDV) application. The update needs to be installed to ensure that the most up to date notices are available. The PDV allows both employers and agents to receive, view and … Continue reading
Posted in Uncategorized
Tagged budget, DPS, DPV, Employer annual returns, incentice letters, notice, Notifications, PAYE, PAYE codes, PAYE desktop viewer, payments due, payroll software, student loan, tax, tax code
Leave a comment
PAYE dodgers targeted by HMRC
Since 6 April 2012 HMRC have new powers to help ensure that employers pay their PAYE tax deductions or Class 1 National Insurance contributions (NICs). The new powers allow HMRC to obtain a security from employers where there is a … Continue reading
Posted in Uncategorized
Tagged appeal, cash deposit, courts, debts, defraud, dodge, environmental taxes, financial institution, fine, guidance, HMRC, National insurance contributions, PAYE, phoenixism, security, security deposit, tax fraud
Leave a comment
Customs rules for private boats
There are special customs procedures for private individuals who sail their pleasure craft to and from the UK and within EU waters. A pleasure craft is defined as a vessel which at the time of its arrival in the UK, … Continue reading
Posted in Uncategorized
Tagged boats, customs, EU waters, foodstuffs, Importing, pleasure craft, recreational, temporary admission, temporary import, UK border
Leave a comment
Updated VAT notice
HMRC have issued an updated version of the supplement to VAT Notices 700/1 and 700/11. The new version of the supplement cancels and replaces the previous April 2011 edition. The supplement provides details of the: Current and previous VAT registration … Continue reading
Posted in Uncategorized
Tagged 100/11, 700/1, deregister, deregistration, HMRC, register, registration threshold, turnover threshold, VAT, VAT notice
Leave a comment
Filing of trust and estate returns
HMRC have published a list of changes to the 2011-12 Self Assessment Trust and Estate Tax Return and supporting guidance notes. The Trust and Estate Tax Return can be submitted online or by way of a paper return. The use of … Continue reading
Posted in Uncategorized
Tagged online filing, self assessment, tax, Trust and estate
Leave a comment
UK / Swiss tax agreement
The UK and Switzerland signed a landmark tax agreement on 6 October 2011 which will introduce enormous changes to the taxation of offshore bank accounts in Switzerland from 2013. The Government confirmed in the Budget that legislation will be introduced … Continue reading
Posted in Uncategorized
Tagged finance bill 2012, offshore bank accounts, outstanding taxes, Switzerland, Tax agreement, UK, UK taxpayers
Leave a comment
Intrastat filing changes
From 1 April 2012 the monthly deadline for submission of Intrastat declaration is to be brought forward from the last day, to the 21st day, of the month following the month to which the trade relates. Intrastat declarations for the … Continue reading
