02 February 2016
Put your client admin into motion.
- By 31 January 2016 HMRC had received 92% of the tax returns expected for 2014/15. If returns are outstanding try to mitigate late filing penalties by chasing clients for the information required to submit the return as soon as possible.
- The taxpayer in Ali may have been fortunate to win his claim to loss relief but it seems that the fact he had a business plan and acted in an organised way worked in his favour. These may be important factors to draw to the attention of small trader clients.
- During an enquiry HMRC can require a person to provide information or produce a document if the information or document is ‘reasonably required’ to check the tax position. This does not mean that the department can ask for anything.
- Employers that wish to...
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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.