SME Tax News

A sub-contractor was delighted to find that HMRC’s computer had doubled up the amount of CIS tax that he had had deducted under CIS in 2009/10. This meant no further tax to pay on 31 January 2011…or so he thought.

HM Revenue & Customs (HMRC) is intending to place a restriction on the amount of a company's assets that can be distributed as capital prior to it being struck off the Companies Register.

As you have probably had more than enough of income tax self-assessment we are thinking about companies this time.

Some partnerships may may still have not received their UTR and so will not be able to file their tax returns on time.

Lots of new guides, updates and re-writes, as usual these are detailed below so scroll down.

The WikiLeaks website has been handed information on about 2,000 offshore banking clients of the Swiss bank Julius Baer. It is unclear whether this will provide tangible evidence of tax evasion. 


Enjoying the Practical Tax content on 

Sign up now to receive a unique FREE Tax Planning Tips and Advice Guide & our FREE Newsletter.

.Squirrel ad

RM Banner 960x150

↑ Back to top

© 2022