News

High Income Child Benefit Charge
Tuesday, May 21, 2013
The High Income Child Benefit charge was introduced 7th January this year. You may be liable to this new tax charge if you, or your partner, have an individual taxable income of more than £50,000 and one of you is entitled to receive child benefit or
Introductions
Tuesday, May 21, 2013
Our business relies upon referrals from existing clients. If you know someone who might benefit from our expertise, we would be most grateful for the introduction, please speak to or email Les les@ciaccountancy.co.uk
PAYE tax refunds and arrears
Wednesday, May 22, 2013
Annual reconciliations of PAYE for the tax year 2012/13 are being issued to some taxpayers using the P800 form. The form shows HMRC’s tax calculations in respect of the tax year ending 5 April 2013. This form is sent to taxpayers after HMRC have
Tribunal - VAT on helicopters
Wednesday, May 22, 2013
The VAT rules, which allowed for full VAT recovery on the purchase of certain business assets used for both business and private or non-business, changed on 1 January 2011. Prior to that date businesses using the Lennartz mechanism could opt to
Offshore tax evasion
Wednesday, May 22, 2013
UK tax authorities have recently announced that they have been working with the United States and Australian tax administrations (the IRS and ATO) to investigate over 400 gigabytes of data as part of global efforts to target offshore tax avoidance

May 15, 2013
♦ Second list of deliberate tax defaulters published
♦ Fraudulent emails from 'HMRC'
♦ Renewing tax credit claims

May 8, 2013
♦ Tribunal - VAT default surcharge
♦ PAYE Employer Annual Return