Archive for November, 2014

Accelerated Payment Notices (APNs) – The Facts

July this year saw the introduction of Accelerated Payment Notices (APNs), by HMRC. These notices are deemed to be a way in which the tax authority can identify and target individuals and businesses which it suspects of having deliberately invested in a tax avoidance scheme either recently, or in the past. Over 1000 schemes have […]

Avoiding self assessment late filing penalties

With around 11 million people expected to submit self assessment returns this tax year, it is vital that small business owners are made aware of relevant deadlines and the subsequent penalties for late submissions, which could prove very costly to their organisations due to added interest on both unpaid tax and unpaid penalties. HMRC’s deadline […]