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
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
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.”
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states