Tax | AccountingWEB

Tax

With the Real Time Information (RTI) pilot under way, Diana Bruce from the CIPP presents an overview of the new PAYE regime and the changes you will need to consider ahead of full implementatio

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I have a company client whose director took dividends last year. HMRC launched an enquiry and has re-classified some of the company income as belonging to the company director under Schedule D.

I received, not one, but two letters from HMRC PAYE and SA at Newcastle dated 17 April 2012 worded exactly the same for the same client which included the following paragraphs:

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Please do anyone know if  Class 1a NI is payable on employees who left the company before the end of the tax year. We have 5 employee who left the company before the end of the tax year.

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The director of a small company bought a PC on behalf of the company with his personal credit card. 

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W inherited a property, lived in it for 15 years, let it out after marrying H, now 12 years later wants to sell it. Gain in 2012/13 will be £40k after PPR and letting exemption but before AE.

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A client recently asked if he can give some cash as a gift to his parents and what the tax implications are?

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My mother, who requires 24-hour care, wishes to give her house to my sister.  My sister, aged 58, is registered disabled herself but has for the last three years plus, managed to do a sterling job

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A new Business Tax Dashboard was added to HMRC’s website during the time it was offline for maintenance over Easter.

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A neighbour (really) made a royal mess of his 2009/10 tax return, overstating schedule E income and more importantly overstating tax deducted at source.

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