Category Archives: Personal

Self assessment deadline next Monday

A self-assessment return for the 2009/10 tax year must be filed online and by 31 January or HMRC will impose a £100 penalty.  NOTE: The penalty will be reduced to nil is any tax due for 2009/10 is settled by the 31st.

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New HMRC guidance on Residence, Domicile and the Remittance Basis

HMRC have published a revised version of booklet HMRC6: Residence, Domicile and the Remittance Basis. A copy of the new booklet can be downloaded direct from the HMRC website.

Posted in General news, International Tax, Personal, Taxation | 1 Comment

Family companies still under scrutiny by HM Revenue & Customs

Despite several high profile cases going against HM Revenue & Customs, the tax authority is continuing to pursue shareholders in family companies where there is perceived tax avoidance by income shifting.  Income shifting is the process of diverting income from … Continue reading

Posted in Corporate, General news, Personal, Taxation | Leave a comment