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Action points, issue 4586

06 February 2017
Issue: 4586 / Categories: For Action

Put your client admin into motion.

  • Even though the deadline for filing 2015-16 self-assessment tax returns has passed encourage clients who have not sent you their information to do so as soon as possible. If they have a reasonable excuse HMRC may not enforce the late filing penalty.

 

  • Disputed only or main residence relief claims often crop up in the First-tier Tribunal. Always make sure the election can be supported by evidence that the client has occupied the property because the burden of proof lies with the taxpayer.

 

  • Once the end-of-year reporting deadline has been confirmed practitioners may wish to review their clients’ accounting year-ends to ascertain when reporting workloads are likely to peak during the annual cycle.

 

  • Tax practitioners who act on behalf of companies that may be insolvent or directors or shareholders with overdrawn loan accounts should...

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