The way that some self-employed taxpayers report their business profits to HMRC is set to change under the Making Tax Digital (MTD) for business regime, when it begins to apply to Income Tax reporting.
Child benefit charge: ignorance of law no excuse
In G Nonyane v HMRC [2017] UKFTT TC05577, the First-Tier Tribunal (FTT) found that the discovery assessment issued to a taxpayer claiming not to know about the new High-Income Child Benefit Charge (HICBC) was valid.
Nichola's SME Tax w-update 27 January 2017
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With just a couple of days left until the major tax filing deadline of the year, we have last minute guides for sole traders grappling with self assessment.
Optimistic expense claims
Ahead of the 31 January filling deadline HMRC have released a list of the most outlandish expense claims they saw in 2014/15.
Scottish Limited Partnerships: Next steps
The government has published a response to the consultation ‘Limited Partnerships: Reform of Limited Partnership Law’. The consultation examined how to limit the risk of misuse of limited partnerships and ways in which laws could be updated.
Nichola's SME Tax w-upate 20 January 2017
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I hope that you are all holding up through the worst month of the tax year.
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