SME Tax News

The Low Incomes Tax Reform Group (LITRG) have published a guide for people who receive tax repayment letters from HM Revenue and Customs (HMRC).

Failure to prepare accounts according to Generally Accepted Acccounting Practices (GAAP) for tax purposes led to an expensive discovery claim for the taxpayer and allegation of negligence for his acccountant.

HM Treasury have issued a consultation document outlining a new scheme to encourage people to donate pre-eminent objects or works of art to the nation.

This time we bring you one of our regular Adviser Tax Updates.

It seems that HMRC has finally accepted that its postal system is failing. It is tackling its postal problem at director level. You can do your bit to help identify the rogue postal offices.

A rolling summary of key news in recent months for advisers.

 

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