SME Tax News

Under the new SA late filing regime a late filing penalty applies regardless of whether you have a liability or made a payment.

To the bemusement of observers HMRC has announced that it is continuing its Business Record Checks programme; this is before it has had a chance to evaluate the findings of its latest efforts.

The tax bodies have made a second round of comments ahead of HMRC's Tax Agent Strategy consultation (TAS) deadline.

New Self Assessment penalties for late returns and late affect returns for 2010/11 which are shortly becoming due.

The Treasury has announced that the Chancellor will deliver his Autumn Statement on Tuesday 29 November 2011.

In Total People [2011] UKUT 329 (TCC) the Court of Appeal ruled that lump sum motoring allowances paid to staff did not constitute earnings for NICs.