EVERYONE at the TS desk had a marvellous Christmas, thank you, but it is safe to say that based on figures from HM Revenue & Customs, a lot of people did not.
That is the only explanation TS can come up with for the staggering news that 1,548 self-assessment tax returns – believed to be a record high – were filed online on Christmas Day. Surely even getting roped into the washing-up isn’t that bad.
According to the taxman, that figure is up a huge 40% on Christmas Day 2011, when 1,100 people felt they would rather do their taxes than watch The Great Escape with their in-laws.
The deadline for the country’s 10.5m self-assessment taxpayers is 31 January, something which has prompted the taxman to engage in a somewhat off-piste advertising campaign imploring self-assessed taxpayers to achieve “inner peace” by completing their returns and coughing up.
All at the TS desk are incredibly grateful that Christmas was a tax-free affair.
HMRC has outlined a change in VAT policy to the treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings
Let us hope that valuable asset protection vehicles are not made prohibitively burdensome or abolished in the desire to “simplify” IHT
The government is pressing ahead with changes to the way it taxes individuals with a foreign domicile
I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward