Member Since: 20th Jan 2005
20th Sep 2017
Many thanks - a lot of my clients seem to have these accounts so great to have a definite answer.
14th Sep 2017
In year reclaims are on paper, and last I heard were taking over 6 months to process . Has it improved?
12th Sep 2017
agree - we have a very recent demand for 2011-12 PAYE. (newish client). Agent online view is different to client online view is different to HMRC employers unit is different to debt collection..
Onus is on us to prove if it is not due....again bankruptcy threatened..
31st Jul 2015
Is no one worried about the implications of claiming the exemption from auto enrolment by the directors not having a contract. E.g. entrepreneurs relief - full time working , Tax free redundancy etc.??
1st Feb 2012
This flummoxed me as well until I realised that on the Tax returns there are two boxes for claiming the personal allowance. A claim under the double tax treaty is one option in many cases but the other box is for personal allowances claimed other than under double tax treaties. and this is the one EU and commonwealth nationals can use.
5th Sep 2011
Paye penalty appeal
You can also ask the Inspector who turned down the appeal to refer his decision for independent review within HMRC.( and in this letter refer to the recent tribunal results regarding the definition of reasonable excuse). The process can take some time ( from memory they have 30 days to allocate the case and then 90 days to review it) but as long as your client is prepared to wait it can be a far cheaper option than a tribunal.
( If you get close to the end of the 90 days remember to remind the allocated officer as if they don't finish the review in time the original decision stands and the only way to offset it is to go to tribunal after all)
Seems biased in HMRC favour but I have had a good result with this in a corporation tax dispute.
20th Sep 2010
I prefer always to submit a return. That way there is no doubt over expenses being claimed and losses being established especially if as is becoming more common, HMRC change their views. This way I know the clients are protected. Interest relief claims in particular have time limits which could be missed. In addition and records are normally easily accessible and understandable at the time and become much harder and more exepnsive to pull together after a delay ( I don't know about others' experience but many of my clients with rental property bring in hand written schedules of income and expenses to decipher.)
31st Jul 2006
There is no restriction for part timers - to keep the system "simple"- other than the obvious one that the voucher cannot be worth more than the actual cost of childcare.
The scheme must be made available to all employees whether full or part time even if they choose not to take part. Husbands and wives can each have vouchers up to the limit.
hope this helps
8th Jul 2006
Point about Tax credits is that you get these for childcare fees paid by you. If your employer pays them then you have no cost. If you have no cost there is no tax credit relief for the expense. Working tax credit rules are far from straightforward but for childcare costs can be very generous- tax credit is presently up to 80% of expenditure incurred of up to £300 per week. Amount of tax credit relief actually available takes the amount potentially due based on childcare costs and other elements (family , number & age of children, etc etc) and then reduced according to the income of the household. It is often the case that the Tax credit is worth more than the tax saving on childcare vouchers for the less well paid but you need to do the calculations.