SME Tax News


Small employers will not be penalised if they fail to file their P35 end of year returns for 2009/10 online.

There is a new online facility for employers when no P35 is due.

The Government has dropped the changes proposed to the Furnished Holiday Lettings (FHL) tax regime and amended rates of duty for cider in the 2010 Finance Bill.

Happy New Tax Year. 
In addition to the 2010 Finance bill we have some new tax acts. This means no further changes in tax law, but quite a few new section numbers.

Ignorance of the law is not normally a valid excuse for a tax adviser to make when things go wrong. However, when HMRC's website and helpline both give the same misleading advice, it may be quite a different matter.

From 1 April 2010 HMRC is imposing new sanctions on businesses which have not registered under the Money Laundering Regulations.


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