Self Assessment

I have a new client for whom I have recently filed a late 2011/12 tax return.


 My understanding is that dividends are exempt from UK corporation tax whether the underlying company is local or overseas; and all the small company talk….


I have heard that HMRC say that Self Assessment statements are no longer being issued as I know of several people who have not received statements and certainly have tax to pay.


A client has agreed to sell all the shares in his private company for £1m.


So, picking up information for an extra last minute tax return tomorrow, was going to be a push to get this done in time for Friday’s deadline.

It’s just been made a lot tougher…


I have a husband and wife with a partnership (y/e 31 May 12) and a furnished holiday lettings business (to be shown on tax return for y/e 5 Apr 13).

Client has sold a property in 2012/13 which was inherited from father in 1986.  The property is retail premises with 2 bed flat above.  The client has lived in the flat since his parents bought it