SME Tax News

Recent changes to car and fuel benefit include the following:

HMRC staff say that they have been deluged by phone calls, following the issue of wrong tax codes for 2010/11 as a result of using out-of-date information.

Don’t panic, here are some last-minute tips for SA filing for the 2008/09 tax year.

From April 2008 non-domiciled individuals (non-doms) who claim the remittance basis can elect to receive tax relief for capital losses on disposals of overseas assets.

The guidance given by HMRC in relation to its new "Tax Health Plan" (THP) is turning "a simple and straightforward opportunity" into something of a farce.

A taxpayer will incur a tax penalty if an error is made in a return as a result of carelessness.