From 1 April 2011, all payments of corporation tax must be made electronically. In this sense, HMRC count a payment made at your bank, building society or participating post office using a HMRC payslip as ‘electronic’. This means that paying corporation tax by cheque ‘in the post’ is no longer an option. If the Revenue …
HM Revenue and Customs (HMRC) have continued their assault on tax evaders, recently announcing more planned initiatives to target particular groups of individuals who are not paying their share of tax. HMRC will be using ‘web robot’ technology to search the internet and find information which can then be evaluated, and pinpoint people more accurately …
By now, if you’ve got to file a personal tax return for the 2011 tax year, you should either have received one or a letter saying so. The deadline for submission of tax returns is 31 January 2012, so there is plenty of time at the moment. However, there are a couple of reasons why …
A recent report by Accountancy Age magazine suggested that the Revenue were getting tough on ‘Time to Pay’, the scheme allowing taxpayers to spread their tax bills over a number of months, with the number of arrangements being rejected increasing significantly. This squares with a client’s recent experience. They were asked about their business by …