Tax newsletters

Tax Advice Network newsletters are written specially for accountants in general practice. You'll receive your full complimentary copy each week once you register your name and email address with us.

Each of the 'articles' below contains a summary of our most recent weekly email newsletters. You will find further articles in our TANK by clicking on the TANK link button above.

Full professional members of the Tax Advice Network receive full copies of our newsletters. These can also be accessed through this link if you have upgraded and are logged in to your account.

Articles

Tax Newsletter 26th Jan

Tax Newsletter 19th Jan

Tax Newsletter 12th Jan

Tax Newsletter 22 Sept

The deadline for the latest tax disclosure opportunity is fast approaching. If your clients don't fully understand why or when they must register for VAT, you need to have an urgent chat with them. HMRC are trying to promote the AAM service, and we explain why this may be useful to you. Student loans are also in the news at this time of year. Are you getting the deductions right for your clients?

 

Tax Newsletter 15 Sept

Tax gets complicated when UK residents leave the country to work elsewhere, and it gets worse if they come home early from their overseas employment. We explain HMRC's recent announcement about workers who have returned early from Middle Eastern countries. We also have advice on what to do if your client receives an incorrect tax repayment, and another warning about tax return fraud.

Tax Newsletter 08 Sept

This week we have news about a new approach to collecting tax debts through PAYE, which may affect clients within self-assessment and tax credit claimants. If you are desperate for detail of CIS deductions made from your client's receipts, HMRC will help. Finally we have a tale of a taxpayer who won his argument about his trading expenses at the tax tribunal, which we can all learn from.

Tax Newsletter 01 Sept

We have a cautionary tale this week of what can go wrong when an accountant delays acting on his client's instructions. We also have a warning for clients with Swiss bank accounts, which applies even if they have been completely honest in the past. Also clients with personal connections with the USA need to be aware of their tax reporting obligations to the IRS.

Tax Newsletter 25 Aug

HMRC staff and its computer system do make mistakes, but the HMRC penalty machine will grind on regardless and issue penalties to the taxpayer. We have tips on how to deal with penalties for apparent late filing of forms P35 and P11D(b). We also have a warning about an impending payment date for tax due under the new disguised remuneration rules which affect more people than you might expect. 

Tax Newsletter 18 Aug

If your clients have been affected by the recent riots in England do draw their attention to the help offered by HMRC and consider when to approach them on clients' behalf. More usually HMRC tend to challenge business owners who attempt to reduce their tax bills, particularly by splitting their business in order to avoid VAT. We have some tips on how to resist such a challenge. There is also a new version of form 17 to declare unequal interests in jointly held property, and some new HMRC guidance on this matter.

Tax Newsletter 11 Aug

This week we review the fine line between repair and renewal expenditure in the light of a recent case. We also have news of an extension to the interest free period for paying SA tax, and a warning about the penalties that could mount up if SA tax payments and returns are late in 2012. Finally there are some welcome and not so welcome developments in communications from HMRC.    

Tax Newsletter 04 Aug

Summer's here, but tax is as complicated as ever. This week we have a couple of linked issues to warn your clients about; estimated demands for PAYE, and misallocated PAYE payments. We have reminders about the P38S forms for students who work through the holiday, and the deadline for the Plumber's Safe Tax Plan. 

Tax Newsletter 28 July

We have two apologies to report from HMRC this week; both concern disruption to tax payments and refunds. Although HMRC do not have sufficient staff to process tax repayments they do apparently have spare resources to 'educate' newly registered self-employed traders, who could be your clients. Finally we have news of another round of reorganisation of CT offices and iXBRL tagging issues.

Tax Newsletter 21 July

The full newsletter this week contains timely advice about how to cope if your clients have not received their SA statements. We also explain that clients who bring their tax affairs up to date may still receive surcharges for late tax payments. Finally we also have news about a new reminder service from Companies House.

Tax Newsletter 23 Jun

I must take this opportunity to thank all readers who responded to our recent user and reader survey. We've now had feedback from over 200 of you which is fantastic. Many thanks for taking the time and for helping us to help you. If you have yet to respond the link is here. I can't promise to take forward all of the ideas and suggestions but where there is a consensus we will be making changes. There was one request for us to drop the Tax Fun spot from this weekly newsletter. That seems to be a minority view.....

 

Tax Newsletter 16 June

This week we have brought together the known facts about the proposed tax evasion campaigns so you can warn your clients in good time. We also highlight HMRC's new guidance on how to submit a company's final tax return and tax payment. Finally we have some timely news about tax payslips and forms P11D.

Tax Newsletter 09 June

This week we set out new information about the methods being used by HMRC to conduct tax checks and enquiries. We also have a warning about fraudsters who are trying to steel your clients' tax repayments, and what you need to do to prevent this. Finally we update you on how to obtain or change your agent code that you need in order to act for clients.

Tax Newsletter 02 June

VAT is supposedly a simple tax, but misunderstandings frequently occur as we illustrate below. We also have news of new approved mileage rates and problems with iXBRL filing of CT returns. Then there's a piece about a tax amnesty for US citizens living overseas (eg: in the UK) and a note about HMRC's new army of restaurant critics (well, sort of!)

Tax Newsletter 26 May

Hot on the heels of the plumbers' tax safe plan and news that HMRC intend to focus specialist investigations teams on London restaurateurs, comes another announcement from the Revenue. This references a forthcoming disclosure opportunity to crack down on individuals and businesses who are trading above the VAT threshold but who have not yet registered for VAT.  We have some advice on this and also about Agent account managers. And we've provided details of a recent case that deserves a wider audience.

Tax Newsletter 19 May

A large number of UK residents have holiday homes in France. If your clients are among that number you need to warn them about a new French property tax. Tax investigations are changing and in some cases becoming more aggressive. We have news of two new initiatives in this area, and of revised guidance concerning penalties from HMRC.

Tax Newsletter 12 May