skip to navigationskip to main content

GUILDFORD: 01483 898400

FARNHAM: 01252 856977

LONDON: 0207 846 0084

March 2014

  • Real Time Information (RTI) Penalties

    Newsletter issue - March 2014 HMRC has experienced significant problems in reconciling amounts of PAYE due from employers, to the amounts reported under real time information (RTI). As a result some of the automatic RTI penalties which were to apply from 6 April 2014, will now apply from: October 2014 for late filing of in-year…More

  • Business Journeys

    Newsletter issue - March 2014 A number of self-employed businesses have been waiting for a tax case to be decided which turned on the question of "what is a business journey?" The test case concerned a doctor who was both employed by the NHS and self-employed as a private consultant. The Upper Tax Tribunal decided…More

  • Let Property Campaign

    The taxman has launched another "confess your tax sins" campaign aimed at individuals who have failed to declare rental income they have received from residential properties. This let property campaign (LPC) can't be used by companies that let property or by landlords who let commercial rather than residential properties. Like other tax disclosure campaigns the…More

  • VAT on Books and Leaflets

    There is no VAT on printed books, booklets, newspapers, and leaflets. Well there is - it's zero-rate VAT, so the customer pays no VAT, but the supplier can reclaim the VAT it pays on purchases. Printing businesses have to be very clear about which of their products they treat as zero-rated for VAT and which…More

  • March Question and Answer Section

    Newsletter issue - March 2014 Q. I've received a refund of the PPI premiums I paid on top of my mortgage. Do I need to declare this sum on my tax return? A. The refund of payment protection insurance (PPI) premiums should not be included on your tax return as it is a repayment of…More

  • March Key Tax Dates

    Newsletter issue - March 2014 19/22 - PAYE/NIC and CIS deductions due for month to 5/3/2014 28 - Last minute tax planning for the 2013/14 tax year. Ensure you use up all exemptions to which you are entitledMore

  • 2014 Budget News

    Summary This was a Budget for bingo-playing baby-boomers who have not started to draw their private pensions. George Osborne announced some sweeping reforms to the taxation of pensions and halved bingo duty. The traditional "sin taxes" on booze and fuel have largely been frozen or even reduced, although tobacco suffers a 2% above inflation tax…More

Tax Tips & News RSS Feed