HMRC's consultation, ‘Making Tax Digital sanctions for late submission and late payment' closed on 11 June 2017. Responses are anticipated shortly.
Nichola's SME Tax w-update 7 April 2017
Hello
This time we feature a couple of closure notice cases that also manage to link to some of our recent updates on domicile, tax relief on interest and partnership tax, as well as some of the more complex anti-avoidance rules.
Last minute planning: deemed domiciled from 6 April 2017
If you are about to become deemed UK domiciled under the new rules, applicable from 6 April 2017, consider carrying out some pre-year end tax planning.
Self-employed: check your NI record before 5 April.
The Low Income Tax Reform Group (LITRG) is urging self-employed workers with very low profits to check their National Insurance record and make up any deficiencies before voluntary contributions become more expensive for them after April 2019.
Nichola's SME Tax w-update 31 March 2017
Hello
A lot of exciting news this week, from HMRC software errors, to Brexit, to 'old school tax', and we have an Employer Update and last-minute, end-of-year checklist.
Software specification error affects 2016/17 Self Assessment
UPDATED: Don’t file your 2016/17 tax return online: you may overpay your tax. HMRC has made a specification error which is affecting many Self Assessment taxpayers. The error applies to HMRC's own product or third party software.
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