Budget Day, Wednesday 3 March, 2021 Fuller Spurling’s own tax specialists, Amy and Philip, covered live the announcements of one of the most anticipated budgets for years. Their coverage as the day unfolded is covered below here. Plus, you can now watch Philip & Amy’s video review of the Budget’s key takeaways, particularly as they […]
Coronavirus Business Support Guide
The Chancellor’s Winter Economic Plan January 2021 You can access previous editions of our Coronavirus Business Support Guides here. Since the onset of the coronavirus pandemic, many businesses and individuals have benefited from a range of schemes, including furlough grants for staff unable to work, grants for the self-employed, deferral of VAT and Income Tax […]
The tax filing deadline for paper returns is approaching
This is a reminder that the tax return deadline is October 31st for filing by paper.
Let’s go Fishing – HMRC’s requests to disclose offshore income and gains…
HMRC are increasing the number of letters issued to taxpayers from its Risk and Intelligence Service, Offshore department.
Interest from PPI claims
In all cases the interest portion of the PPI settlement must be declared
Rental property interest relief problems
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.
Query about benefit in kind
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?
Simple assessments have arrived
HMRC has started to issue what it calls a ‘simple assessment’
2013/14 Late Tax Return Filing Penalties
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.
Surcharge Penalties for Late Payment of Owed Taxes
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.