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Tax return white space

by Jessica Garbett | Jan 27, 2016 | ACCA, enquiries and tax disputes, HMRC, personal taxatation

The ‘any other information’ box on SA100 can be surprisingly useful. The tax return white space is the innocuous looking ‘any other information’ space at box 19 of the main SA100 tax return. It is more important than it looks, as the case of Charlton and Others v HMRC...

Self assessment tax returns – useful HMRC links

by Jessica Garbett | Jan 26, 2016 | ACCA, business taxation, personal taxatation

A list of relevant HMRC links. How to fill in your tax return Residence, remittance basis etc. notes Capital gains summary notes UK property notes Additional information notes Tax-free and taxable state benefits   Rent a room in your home Income tax relief –...

Self assessment – real-life scenarios

by Jessica Garbett | Jan 25, 2016 | ACCA, personal taxatation

With the self-assessment deadline fast approaching, we present three tax driven examples based on real-life scenarios. 1. Treatment of child benefit in a household earning above £50k in self-assessment Scenario: An individual earning less than £50,000 has been...

Scottish rate of income tax

by Jessica Garbett | Jan 12, 2016 | ACCA, employer returns, personal taxatation

HMRC preparing to issue tax codes beginning with an S. The Scottish government will publish its Budget on 16 December 2015. It will include proposals for the Scottish rate of income tax, which would apply from April 2016. What is the impact? Whether or not a person is...

Self Assessment: What determines whether HMRC issues a statement and payslip?

by Jessica Garbett | Jan 11, 2016 | ACCA, business taxation, HMRC, personal taxatation

HMRC will issue a paper statement and a payslip (providing the person has not opted for digital only communications from HMRC) to individuals who file a self assessment return before midnight on 31 December. They will not be issued for returns filed after this date....

Dividend waivers and settlement legislation

by Jessica Garbett | Jan 7, 2016 | ACCA, business taxation, personal taxatation

Dividend waivers can be an effective tool in tax planning – if executed correctly. A dividend is a payment from a limited company’s profits to its shareholders. The amount each shareholder receives will depend on the percentage they own in the company. When a...
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