FA 2007, Sch 24, para 11 provides that HMRC may reduce a penalty in the event of special circumstances.
A couple of years ago some friends and I registered a company with the intention of starting a retail and wholesale operation.
I am a qualified accountant(member of ACCA) and working for an accounting practice. I prepare accounts and tax return for small business clients as an employee.
I am running the accounts for my partner's company - very small, estimated T/O of £30k, Profit after tax of £17k.
If my contractor client, operating via his own limited company, "employs" (and I use that term in the loosest sense...) another contractor, who will have his own limited company, to take on a say 6
Hidden behind the headlines from George Osborne’s budget statement today is a toughening stance by HM Revenue & Customs (HMRC) on unpaid tax.
A client of mine wants to move his operations to India from UK. The Parent company is in the UK and a subsidiary in India.
Real-time information (RTI) is being introduced to improve PAYE and aims to limit late tax return payments or demands for returns.
Caller: “Your software is giving me Capital Allowances on my Main Pool at 19.67% and it should be 20%.”
In response to Baker Tilly's predictions for the 2013 budget,
- Budget 2010: At-a-glance guide 18,863 9
- Accountants' IR35 knowledge ‘worryingly vague’ 12,131 15
- HMRC launches VAT amnesty campaign 12,107 6
- Monthly dividend payments to director - sole shareholder 12,060 6
- Marginal Rate of Tax 11,065 5