More Details of MTD for Income Tax Reporting
Date posted: 16th Aug 2022
HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and…
Date posted: 16th Aug 2022
HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and…
Date posted: 15th Aug 2022
Clive Owen LLP, chartered accountants and business advisers, has recruited eight new trainees to join them in August, seeing the team grow from 112 to 122 in less…
Date posted: 28th Jul 2022
I have worked at Clive Owen for 25 years now and have been preparing R&D claims since the introduction of the scheme in 2000. In the last 3…
Date posted: 18th Jul 2022
We have recently become aware of an increase in attempted phishing communications from our clients, which is a worrying trend. These scams can come in a number of…
Date posted: 11th Jul 2022
At the time of writing (July 2022), the UK has one flat rate of corporation tax – 19%. However, there are planned increases to the rate from April…
Date posted: 11th Jul 2022
Recent data suggests that penalties imposed by HMRC were £571m in 2021/22. Whilst these penalties will cover a range of taxes and some will relate to tax avoidance…
Date posted: 11th Jul 2022
If you have children under 12 who attend a nursery, after school club, play scheme, childminder or you are considering sending them to a summer camp, you should…
Date posted: 11th Jul 2022
HMRC are reminding sole traders and partners who have received Self-Employed Income Support Scheme (SEISS) grants that there are potentially penalties of up to 100% of amounts over…
Date posted: 11th Jul 2022
As a general rule, when completing forms P11D to declare a company car, it is the original list price of the company car that is declared rather than…
Date posted: 11th Jul 2022
It is believed that HMRC are checking 2020/21 tax returns and nudging taxpayers to double check if they have exceeded their lifetime allowance for business asset disposal (BAD)…
