Take ‘tax amnesty’ chance while you can, warns Cumbria advisor

A leading Cumbria tax advisor has urged people with money in overseas tax havens to make a full disclosure to the tax authorities, warning that it’s only a matter of time before HMRC catches up with them.

The call comes after the UK Treasury announced this week it...

Whatever the size of your business – get ready for PAYE changes
An advertising campaign heralding the biggest overhaul of the PAYE system in almost 70 years was launched today by HM Revenue and Customs (HMRC). The...
Child Benefit reminder for higher income earners
HM Revenue and Customs (HMRC) is today reminding people with an income over £60,000 whose family is still receiving Child Benefit to opt out before 28...
Don’t get caught on the net by tax rebate phishing scam
Taxpayers reported almost 80,000 tax rebate phishing emails last year, HM Revenue and Customs (HMRC) have revealed today, as they warn people not to f...
Revenue's Legal Challenge Ends Hope for IHT Relief on Furnished Holiday...
HM Revenue and Customs have always been of the opinion that Business Property Relief (BPR) was not available on the value of a furnished holiday let w...
Free business advice comes to Carlisle
HM Revenue and Customs (HMRC) is reaching out to small and medium sized businesses with a series of new, free advice days. Carlisle is one of the loca...
Accountants’ detailed response to 2012 Autumn Statement
ICAEW chartered accountants respond to individual measures announced in today’s Autumn Statement: • Tax Avoidance/HMRC: ring fencing of HMRC budget b...
Cumbria firms urged to act on changes to payroll system
Businesses across Cumbria are being urged to ensure they are prepared for ‘massive changes’ to the way they report the tax paid on their employees’ wages.From April 2013, HM Revenue and Customs (HMRC...
RTI video offers employers vision of new PAYE system
HM Revenue & Customs (HMRC) has launched a video guide to help introduce employers to new Real Time Information (RTI) procedures. The video looks at what RTI means for employers, the main changes...
MP welcomes red diesel news for winter gritting
Local MP Rory Stewart has welcomed news that changes to the law which would allow tractors to use red diesel for gritting roads have been published by the Government, and are close to implementation...
Tax guides give advice to farmers
An online tax guide designed for farmers has been launched this month. HM Revenue and Customs (HMRC) has been working with farming bodies, such as NFU, to produce a Starting your own Business e...