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Notifying HMRC

Tax update week ended 24 September 2010

25th September 2010

5 October deadlineIf you’ve never filled in a tax return but have received some form of untaxed income or gain – e.g. selling a rental property, you have until 6 months before the tax payment deadline. The most recent completed tax year is the year ended 5 April 2010. Therefore, if you have something to report (relating to that year), ...read more

Tax update week ended 17 September 2010

20th September 2010

Naming and ShamingThe ability to “name and shame” is one of HMRC’s most controversial powers.4 conditions must apply:1. After deliberately evading tax, the individual has suffered at least one penalty.2.The penalties relate to wrongdoing, tax returns and VAT returns for periods after 1 April 2010.3.The underpaid tax is £25,000 or more.4.The individual has not fully co-operated, hence HMRC levied more ...read more