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HMRC late filing penalties update
HMRC says that it will not challenge a self assessment late filing penalty in cases where the taxpayer has a reasonable excuse for not filing their tax return on time and has made an appeal.
Nichola's SME Tax W-update 27 May 2015
Hello,
This time we look at a couple of tax penalty cases where companies have failed to realise that they have a requirement to file returns under the Annual Tax on Enveloped Dwellings (ATED) regime. We also look at directors' entitlement to redundancy pay.
Can a sole director claim redundancy pay?
In Secretary for State v Knight UKEAT/0073/13/RN the sole director and shareholder of a company made a successful claim for redundancy pay when her company creased trading.
Penalties: Annual Tax on Enveloped Dwellings (ATED)
This is a freeview 'At a glance' guide to penalties and the Annual Tax on Enveloped Dwellings (ATED) .
Nichola's SME Tax Update 19 May 2015
Hello
The chancellor announced at the weekend that there will be a summer budget on 8 July 2015, so there will be more changes in legislation to take in this year. Assuming that the 0% Savings Rate will remain intact following the next budget, this time we take a look at savings income and planning opportunities for company owners.
Summer Budget for working people, announced by chancellor
Chancellor George Osborne has announced that he will be holding a second Budget of 2015 on 8 July. He says that this will be a budget for "working people".
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