17 May 2010
The taxman has released six free toolkits to help advisers avoid common errors when filing their clients’ returns.
The toolkits cover, Capital Gains Tax for land and buildings, Marginal Small
Companies’ relief, Private and Personal expenditure (Income Tax Self
Assessment), Trust and Estates, Capital Gains Tax for trust and estates
(supplement)
and capital Allowances for plant and machinery.
HMRevenue & Customs worked closely with advisers and the accountancy professional bodies in developing the toolkits, which were pilot tested by around 600 firms, tax practitioners and solicitors during the course of last year.
Brian Redford, head of HMRC’s Business Engagement Team, said:
"The toolkits are free and easy to use. Agents do not have to use them but because they are designed with the help of the agent community they are packed with helpful information including checklists, links to online guidance and examples of frequent errors and how to avoid them."
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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