Personal Tax
Self assessment has placed responsibility on the private individual to report any chargeability to income or capital gains tax to HM Revenue & Customs (HMRC). The failure to do so can result in penalties surcharges and interest charges.Whether you require one off assistance or an ongoing annual tax service, the tax team can take care of this for you and deal with HMRC on your behalf.
Latest news
- Pension Waiver Proves to be IHT Trap The executors of a woman who decided not to take her pension from her pension scheme when she was terminally ill have been ruled to be liable for Inheritance Tax (IHT) on the value of her pension fund. he woman was diagnosed with cancer five months before...
- HMRC – A Case for a Disaster Recovery Plan? The powers of HM Revenue and Customs (HMRC) are considerable, as a recent case makes clear. It involved a company that HMRC suspected of Excise Duty evasion. A raid on its premises was undertaken and HMRC officers found quantities of alcohol for which there....
- In Brief - Ash Cloud Relief for Non-Residents HM Revenue and Customs have announced that non-UK resident persons who remained in the UK due to disruption of their travel plans because of the volcanic ash cloud and who, as a result....
