We have seen over recent months a flurry of people being contacted by HM Revenue & Customs (HMRC) in connection with rental income they have received, but which they haven’t reported on a Tax Return. Sometimes this can go back as far as 20 years, writes Pearson May partner Jacqui Bowden. If you have income...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. HMRC releases MTD for ITSA guidance New framework will be mandatory from April 2024. Find out more here Companies House to launch single sign-in Launch aimed for this autumn. Click here to find out more
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. MTD for VAT penalties issued from November People could face fines after the VAT portal closure. Click here for more information. Tax leaders set out priorities for new Prime Minister The open letter identifies three urgent tax improvements....
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Govt. expands ‘Help to grow: digital’ scheme The programme is expanded to very smallest businesses. Click here to find out if this applies to your business Wages fall at record rate Pay has decreased during rising costs of bills....
Many property-owning individuals are still not aware of the ‘60-day regime’ in relation to the reporting and paying of Capital Gains Tax (CGT) in connection with disposals of UK residential property by UK residents. If you have recently sold a property, or are planning to, then you may need to take urgent action, writes...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Smallest businesses eligible for Help to Grow scheme Over a million more firms now eligible. Find out more here HMRC issues £1.87m in fines for tax mistakes The number of penalties went up by 80% Click here...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Govt. announces £400 energy bill grant Grants to be split across six separate payments. Click here for more information Relaxed tax rules for divorces in the works Changes would affect capital gains tax. To find out more,...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Association of Taxation Technicians president calls for no HMRC staff cuts The group has raised concerns over MTD and HMRC waiting times Click here for more information FCA seeks fair treatment of SMEs Banks have been told to maintain...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. How much workers will really save under the new National Insurance rules Government tax calculator criticised for being misleading. Click here to find put what’s changing Third of 55-56 year olds take early retirement since start of...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. National Insurance threshold rises Increase will see average worker have more take-home pay Find out what’s changing here AAT: Give SMEs further tax relief Small businesses say they need support to reach their goals. Click here for more information.
