The Low Income Tax Reform Group says that HMRC does not understand the way Real Time Information will impact small businesses in the UK.
Review Period: May 2013
The government’s plans to introduce the ‘pasty tax’ continue to provoke anger in the bakery trade.
Accountants may want to be on the lookout for clients whose dealings appear to be suspect after an antique trader was found guilty of a VAT fraud.
Accountants may not be too keen to get involved with football clubs these days. Glasgow Rangers have found themselves in all sorts of difficulties ever since it was discovered the club’s owner Craig Whyte had not been forwarding employees PAYE contributions to HMRC.
Accountants may want to check out the HMRC website and look at the Business Tax Dashboard that was added during the Revenue’s Easter maintenance offline period.
As I’m sure most accountants will be aware, Glasgow Rangers football club has got itself in a spot of bother with HMRC.
The Revenue has issued an apology to callers who could not get an answer when they telephoned its contact centres following the Easter break.
Accountants who have a company car, or run company vehicle schemes, may be interested to learn that Hardman has introduced a new app to help them calculate the tax on these benefits.
Online accountants may be pleased to learn that accounting software giant Sage is sending a new version of its iXBRL tax technology to its customers.
Accountants are calling on HMRC to look again at the tax guidance on gadgets provided by employers, after it announced that smartphones would be exempt from tax and NICs.