Self Assessment

12000 people sent tax penalty notices in error

12000 people sent tax penalty notices in error

27th April 2012

Approximately 12000 people who had been previously told they no longer need to complete an income tax self-assessment form have received penalty notices because of an error. HM Revenue and Customs... Read more

New apps to help income tax self assessment

17th April 2012

HMRC have launched a series of new apps to assist with record keeping for small businesses in Northern Ireland and the UK. The apps which are mostly free will... Read more

HMRC system shut down disadvantages small businesses

11th April 2012

Many self-employed, business owners and accountants throughout Northern Ireland and the rest of the UK were unable to file PAYE end-of-year tax returns over Easter as they found themselves locked... Read more

1m people miss tax self-assessment deadline

3rd February 2012

HM Revenue and Customs (HMRC) have confirmed that 1.1million people have failed to submit their self-assessment tax returns on time and face an automatic penalty of £100. Because of strike action... Read more

UK consumers warned about late self-assessment fines

12th January 2010

Consumers in Northern Ireland and other regions of the UK are being encouraged to ensure that they meet the forthcoming tax self-assessment deadline, in order to avoid the prospect of... Read more

NI firms offered January tax workshops

6th January 2010

Northern Ireland firms will be able to gain information concerning financial matters such as tax and Statutory Sick Pay through a number of workshops which are being held this month.The... Read more

NI employers to be offered HMRC tax guidance

1st October 2009

Employers in Northern Ireland are being given the chance to improve their knowledge of the country's tax system this month, as part of a new scheme launched by HM Revenue... Read more

Consumers reminded of filing returns

28th October 2008

Solicitors in Northern Ireland may want to remind their clients that the deadline for filing tax returns on paper is this Friday October 31st.HM Revenue & Customs (HMRC) is currently... Read more

Pension change "could benefit the divorced"

29th August 2008

Changes to pension legislation in the UK and Northern Ireland could benefit millions of people who are divorced, according to a report.It might be of interest to solicitors to learn... Read more

'Simplification in tax forms needed'

16th May 2008

A report has claimed that self-return tax forms are too complicated and should be made simpler to complete.The Committee of Public Accounts has found that forms produced by HM Revenue... Read more

Tax break leaves 'no room for manoeuvre'

14th May 2008

The chancellor's £600 increase in the basic tax allowance to £6,035 leaves the government no "room for manoeuvre", the Institute for Fiscal Studies (IFS) has claimed.IFS's director Robert Chote told... Read more

Consumers 'seeking more financial advice'

12th May 2008

The credit crunch has increased the number of people looking for financial advice, according to Unbiased.co.uk. Figures released by the independent website show that the number of people asking for... Read more

Newspaper seller embroiled in tax case

5th March 2008

A man who organised a newspaper selling group in Belfast, Northern Ireland, has had to contact his solicitors after being investigated for tax issues.Not only that, but 28 Romanians who... Read more

HMRC warns of tax deadline

15th January 2008

Businesses in Belfast and Northern Ireland that are struggling with their tax returns might want to contact their solicitors for help as the January 31st self assessment filing deadline is... Read more

Government to produce Taxpayers' Charter

11th January 2008

After solicitors in Belfast and Northern Ireland have seen many clients complaining that they don't understand their tax obligations and tax forms, the government has announced a new Taxpayers' Charter... Read more

Tax report due today

17th December 2007

Solicitors in Belfast and Northern Ireland will be paying close attention to the release of the Varney Report today, which is set to detail the tax measures available to government... Read more

Half of firms miss tax deadlines

5th December 2007

Solicitors in Northern Ireland will have to ensure that clients adhere to tax deadlines, after a report by the Public Accounts Committee (Pac) revealed that only 60 per cent of... Read more

100,000 offshore tax accounts targeted

10th August 2007

HM Revenue & Customs (HMRC) is going to investigate a minimum of 100,000 people in Britain and Northern Ireland who have not disclosed off-shore bank accounts.HMRC had given every taxpayer... Read more

Accountants face greater regulation

30th July 2007

Accountancy services in Britain and Northern Ireland will face greater regulation from December 15th 2007.Companies offering accountancy, tax, audit and insolvency services will be forced to undergo monitoring for compliance... Read more

Business non-compliance could be taxing

23rd July 2007

Businesses in Britain and Northern Ireland could lose millions and face tax investigations if they do not comply with new Managed Service Companies (MSCs) legislation, Global Compliance Limited warns.With the... Read more

Professor joins corporation tax cut battle

3rd July 2007

Professor Richard Barnett, vice chancellor of the University of Ulster, has spoken up in favour of slashing corporation tax in Northern Ireland. Speaking at a graduation ceremony at the university,... Read more

HMRC consults on tax payments

28th June 2007

HM Customs and Revenue (HMRC) has launched a consultation on improving tax payment options and managing debt.Payments, Repayments and Debt: The Developing Programme Of Work is the title of the... Read more

NI workers most taxed in UK

29th May 2007

The level of tax that workers in Northern Ireland pay is the highest in the whole of the UK, according to the Adam Smith Institute.People in the province pay more... Read more

Fishermen haul tax help

21st May 2007

Share fishermen across Britain and Northern Ireland are being offered the chance to join a tailor-made scheme to help them with self-assessment.After a survey from HM Revenue & Customs (HMRC)... Read more

Self-Assessment: Tax 'is' taxing

11th May 2007

According to recent research, a third of taxpayers in Britain and Northern Ireland found self-assessment (SA) forms were difficult to understand and therefore complete.The Chartered Institute of Taxation (CIOT) revealed... Read more

£150 offered for filing online returns

20th April 2007

HM Revenue & Customs (HMRC) has offered small businesses in Northern Ireland an incentive of a £150 tax-free lump sum to file their 2006-07 Employer Annual Returns online.Small businesses which... Read more

Offshore accounts due tax probe

18th April 2007

The Chartered Institute of Taxation (CIOT) has announced its support for new procedures to enhance clarity within the area of undisclosed income.HM Revenue & Customs (HMRC) has targeted offshore bank... Read more

UK taxes set for scrutiny

16th March 2007

Closer scrutiny of UK taxpayers looks set to be introduced this year, in a move designed to crackdown on non-domiciled claims.HM Revenue and Customs (HMRC) is planning to toughen up... Read more

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