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HMRC changes bank

Bank details. HMRC is moving its banking arrangements to Barclays in February 2016. The good news is that if you make electronic payments of tax, VAT and NI you won’t need to take any extra steps because of this. Payslips. However, if you use Giro Pay or Transcash...

Business records checks to go

HMRC has decided to scrap its controversial business records checks. What implications might this have for your business? Just checking! In 2011 HMRC started its business records checks (BRCs) claiming it wanted to help businesses identify shortcomings in their...

Celebrity Tax Avoidance

Yet another TV celebrity is being criticised for using a tax-saving scheme. What’s involved, is it legitimate and might it be something worth considering? BBC tax dodger. In March 2015 the press revealed that BBC presenter Jeremy Vine was using a tax-avoidance...

Mortgages – proving your income

Proof of income. Anyone who has a mortgage will know that lenders require proof of income before they approve a loan. If you can’t quickly put your hands on the required documents it can lead to delays. Documents. Directors and employees must usually provide a P60 for...

It’s P11d time!

HMRC has released its 2014/15 benefits and expenses Form P11D plus updated guidance to go with it. Is there anything new to watch out for? P11D deadline. It’s that time of year when you need to turn your attention to preparing the dreaded Forms P11D . A form is needed...