personal taxatation Archives - Page 16 of 52 - Whitefield Tax - Isle of Wight Accountants

Self assessment – inaccuracy penalties for incorrect tax returns

by Jessica Garbett | Jan 14, 2021 | ACCA, business taxation, enquiries and tax disputes, HMRC, personal taxatation

Who takes responsibility for inaccuracy penalties? The case law involving ‘duty of care’ to from accountants to clients is extensive and detailed. We contrast two tax cases involving errors on tax returns. In both of these cases it was accepted that the returns were...

A Handy Guide to Ten Common Tax Elections and Claims from ACCA

by Jessica Garbett | Dec 4, 2020 | ACCA, business taxation, capital taxation, personal taxatation

We look at some of the more common elections and claims which are useful tax planning or compliance tools. Some of these claims have strict time limits which should be given due consideration to avoid missing any deadlines. 1. Form 17 (Declaration of beneficial...

Self Assessment Payments on Account – Coronavirus Implications

by Jessica Garbett | Nov 30, 2020 | business taxation, Covid19, personal taxatation

Payments on Account are one of the more confusing aspects of the Self Assessment system, and the income fluctuations from Coronavirus over recent months will only make this worse. Lets try and pick this apart. Payments on Account apply to all Self Assessment cases, so...

Tax considerations for employees working from home

by Jessica Garbett | Nov 13, 2020 | ACCA, business taxation, personal taxatation

Employer payments towards additional household costs incurred by employees who work at home. Since the Covid-19 outbreak, most employers have followed government advice and agreed with their workforce that anyone who can work effectively from home should do so....

HMRC has made it easier for individuals to spread their income tax payments

by Jessica Garbett | Oct 23, 2020 | ACCA, Covid19, HMRC, personal taxatation

Self assessment customers can now apply online to spread the cost of their tax bill into monthly payments without the need to call HMRC. The online self-serve ‘Time to Pay’ service has been increased to £30,000 for self assessment customers. Once...

HMRC tax penalties and available mitigation

by Jessica Garbett | Oct 9, 2020 | ACCA, business taxation, personal taxatation

Guidance and worked examples on when HMRC can issue a tax penalty. HMRC can charge you a penalty for various reasons, if you do not comply with the tax rules. For example, if you: submit a tax return late pay tax late fail to notify HMRC about changes that may...

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Self assessment – inaccuracy penalties for incorrect tax returns

A Handy Guide to Ten Common Tax Elections and Claims from ACCA

Self Assessment Payments on Account – Coronavirus Implications

Tax considerations for employees working from home

HMRC has made it easier for individuals to spread their income tax payments

HMRC tax penalties and available mitigation

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