Landlords who fail to submit their tax returns on time can expect no mercy from HM Revenue and Customs after changes in the law let the tax man levy more fines.
HMRC will turn the financial screws on tax payers filing after the midnight deadline on January 31 – and then some as other new rules mean fines for errors and omissions. Continue reading Fines for late tax returns set to quadruple
The Government wants to make working out how much tax to pay less taxing by modernising the system, combining National Insurance and income tax.
In a ground-breaking move, the Treasury has published two long-awaited consultation documents outlining a more straightforward tax system for workers and the self-employed. Continue reading Day of Reckoning for Calculating Tax and NICs
HM Revenue and Customs has launched the first in a rolling campaign of cut-price amnesties aimed at encouraging people in property related businesses to give up cheating on their tax.
From this week, letters will invite around 50,000 plumbers, gas fitters and heating engineers to put their tax affairs in order with a special discount on fines and penalties of 10% – 20% by August 31. Continue reading HMRC kicks off blitz on property tax cheats
Guest Blog provided by Steve Sims, author of ‘Understanding And Paying Less Property Tax For Dummies’. Steve and his wife Amanda also have a boutique accountancy business which specialises in providing taxation advice and accountancy services for property investors. Continue reading Shock tax checks surprise property businesses