UK resident individuals who have offshore interests on which they have not paid the right amount of tax have until 30 September 2018 to disclose this income to HM Revenue & Customs (“HMRC”) under the Requirement to Correct (RTC) legislation.
A brand new guidebook for accountants has just been released, featuring business advice and insights from none other than our own CEO Sian.
In preparation for the introduction of digital recording and reporting, landlords with unincorporated property businesses have been able to benefit from a number of simplifications, including cash basis accounting.
There is no one answer to the amount of savings income and, for 2017/18, the answer can range from £0 to £18,650, depending on personal circumstance.
When looking at tax-free savings, there are a number of elements to take into account:
Making a mistake in your VAT return is easily done. Maybe you missed something out accidentally or added up some figures wrongly. However, should this happen and you discover that you have made a mistake in a return which you have already filed, don’t panic
Whether you’re a small business, a big multi-national or a sole trader, the way in which you file your tax returns is soon set to change.