HM Revenue & Customs (HMRC) have admitted that around five and half million people either overpaid or underpaid tax last year and will be receiving a cheque for up to £500 or a surprise demand for roughly the same amount at some point this year. Read More…Posted in HMRC | Leave a comment
The Financial Reporting Council has recently issued a consultation on a revision to international standards on auditing, which is a reminder that one of the benefits of having an audit means that a firm is being tested against a standard that is understandable to everyone. Read More…Posted in Mark Wilcock | Leave a comment
An article in the Telegraph earlier this week points out that a number of people affected by Inheritance Tax (IHT) delay planning for it, which could prove to be a costly mistake. Read More…Posted in Chris Padgett | Leave a comment
Although the deadline for filing month one’s payment of employees is on Sunday May 19, some employers may not have received their 2013/14 booklets from HM Revenue & Customs (HMRC), as they were sent out late.
However, the taxman says that employers affected by the delay will still be obliged to pay on time. Read More…