Archive for December, 2010

Don’t forget to file your Self Assessment Tax Return….

SELF ASSESSMENT REMINDER We hope that all of our clients and readers have had a great Christmas and you are all gearing up for the last leg of the celebrations this evening! Unfortunately it’s approaching that time of year again where everyone starts to scramble around for their paperwork to complete their Self Assessment Tax […]

Incorrect Tax Codes….

The PAYE System Is your Tax Code Correct? Around this time of the year HM Revenue & Customs start working out PAYE tax codes for 2011/12 and issuing them to individuals. Based on HMRC’s recent poor accuracy record, nearly a third of these tax codes will be incorrect. To ensure that yours is not one […]

Self Assessment – HMRC Mistakes

SELF ASSESSMENT Do you know your tax return rights? It’s been a busy couple of years for the Taxman overhauling the time limits and the penalty system. But do you know where you stand under these new rules if he makes a mistake processing your tax return? No-one can have missed all of the recent […]

Investment property tax planning idea for joint owners….

Joint Investment Property Income If you own a rental investment property with someone else, and want them to receive the income because they pay tax at a lower rate than you, can this be done legitimately? Change of ownership Thankfully there is a simple solution to the above problem, which in the example of husband […]