Author Archives: Simon Newsham

Professional Tax Advice in London Helps Prevent Penalties Caused by Missed Tax Deadlines

In August of 2012, HM Revenues and Customs (HMRC) sent penalty notices to about 500,000 individuals due to missed self-assessed tax return submissions. According to a report from the BBC, each of these individuals were notified about their penalties amounting … Continue reading

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Calling Residential Property Owners – HMRC Clampdown

Calling Residential Property Owners – HMRC Clampdown Have you sold a residential property, either in the UK or abroad, that’s not your main home? If so and you have made a profit, but have not told HM Revenue & Customs … Continue reading

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Still need to submit your 2011/12 tax return online? Be warned – larger penalties will apply from 1st May if you still haven’t filed!

Still need to submit your 2011/12 tax return online? Be warned – you’ll be hit with larger penalties from May if you still haven’t filed! With effect from 1 May 2013, HM Revenue and Customs (HMRC) will impose a £10 … Continue reading

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Thinking of becoming insolvent to avoid tax?

Tax evaders who become insolvent to dodge tax obligations face up to five years’ scrutiny from HM Revenue & Customs.
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Offshore Payroll Vehicles to be targeted in the Budget

Danny Alexander confirmed that the Coalition Government has “shadowy” offshore middlemen, which cost the UK Treasury around £100 million a year, firmly in their sights.
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Inheritance Tax Mitigation – Immediate Reduction to your Estate

Inheritance Tax Mitigation – Immediate Reduction to your Estate If you have a chargeable estate for inheritance tax (IHT) purposes (i.e. an estate which is currently worth in excess of about £1.6 million for a married couple or those in … Continue reading

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Bonus Deferral – Bankers Lead the Way!

Bonus Deferral – Bankers Lead the Way! The Government is coming under increasing pressure to act as many banks and other financial institutions are considering deferring bonus payments until after 5 April 2013 in order to take advantage of the … Continue reading

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The High Income Child Benefit Charge and yet 300,000 Families Uninformed of the Changes!

The High Income Child Benefit Charge and yet 300,000 families have been uninformed of the changes! The new High Income Child Benefit Charge (HICBC) applies for child benefits payments made after 7th January 2013. Who is Caught? The charge applies … Continue reading

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HMRC Offers Settlement Opportunity for Tax Avoiders

HMRC Offers Settlement Opportunity for Tax Avoiders As party of its continuing crackdown on tax avoidance, HM Revenue & Customs (HMRC) announced on 19 December 2012 that those who are involved in certain tax mitigation techniques will be able to … Continue reading

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2013 Budget Date Announced

HM Treasury has announced that the Chancellor George Osborne will deliver his 2013 Budget on Wednesday 20 March 2013. The Chancellor’s fourth Budget statement will, therefore, be delivered on the final Wednesday before Parliament’s Easter break and is expected to … Continue reading

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