HMRC are increasing the number of letters issued to taxpayers from its Risk and Intelligence Service, Offshore department.
In all cases the interest portion of the PPI settlement must be declared
Remember there is a new restriction to the relief that landlords get for interest and associated finance charges where they are letting out residential property.
The company provides some employees with Company cars that are hybrids. The employees are also provided with fuel cards that are available for their private use and receive a fuel Benefit in Kind in relation to the car. However, the cars are plugged in and charged at home can the employer offset this cost against the fuel Benefit in Kind?
HMRC has started to issue what it calls a ‘simple assessment’
The due payment date for any balance of tax for the year 2013/14 of 31st January 2015 has now passed, so interest is already accruing on any amounts due.
The due payment date for any balance of tax for the year 2012/13 of 31st January 2014 has now passed, so interest is already accruing on any amounts due.