Tax Registration Archive
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HMRC – Penalties For Failing To Notify
Posted on March 11, 2010 | 2 CommentsIn further steps to clamp down on tax avoidance, HM Revenue & Customs are planning to implement a penalties system for those who have failed to correctly notify them with regards to Tax or VAT. This will not only apply to those who are intentionally... -
Tax Cheats To Be Named and Shamed
Posted on March 8, 2010 | 1 CommentFrom the 1st of April this year, Section 94 of the Finance Act 2009 will come into force. This will mean that HM Revenue & Customs will have the power to name and shame both companies and individuals who have intentionally avoided paying the correct... -
VAT Rise Causing Hike in Inflation?
Posted on February 16, 2010 | 2 CommentsAccording to the BBC (Inflation expected to exceed 3%), the return to 17.5% VAT has also had an effect on inflation. Inflation has apparently risen over recent months and analysts think that it might well increase further to 3.5%. It’s not all bad news though... -
PAYE Changes Coming This Spring
Posted on February 11, 2010 | No CommentsChanges to the PAYE Scheme (Pay As You Earn) are due to come about this spring, the HM Revenue & Customs have announced. The changes are in line with others within the HMRC where more and more filing is moving online. For small companies with... -
Pubs To Face Retrospective Gaming Tax?
Posted on February 11, 2010 | 3 CommentsPubs that have gaming machines on their property have always been required to hold a licence and abide by the Gaming Machine Regulations 2007 No. 2158. But now those pubs running quiz machines like “Who Wants to be a Millionaire?” might be facing potential taxation... -
HMRC Problems Causing Tax Errors
Posted on February 8, 2010 | No CommentsThe BBC are reporting (“IT Problems at the Revenue“) that there are problems with the HMRC computer system which might mean people end up paying more tax than they should. Apparently anonymous staff have reported “problems with the system” which might mean if it isn’t... -
Compulsory Online VAT Registration?
Posted on February 8, 2010 | No CommentsHM Revenue & Customs have just recently made an update on their site with regards to Lord Carter of Coles recommendation that all submissions related to Tax and VAT be made online in the future. With regard to filing and registering for VAT, the statistics... -
HMRC and Retrospective Tax
Posted on February 5, 2010 | No CommentsIn a recent article (Will retrospective taxes affect us all?), the BBC have highlighted the dangers surrounding tax law and its changing nature with regard to business. Obviously wishing to reduce the tax that they have to pay, over the years a number of business... -
VAT Registration Problems and Issues
Posted on January 28, 2010 | 1 CommentThere are quite often a number of problems that occur both before and after VAT registration which present issues for both the business concerned and the tax man. Firstly, a large number of VAT registration applications are rejected by HM Revenue & Customs due to... -
VAT Registration
Posted on January 15, 2010 | 3 CommentsClearly operating any business within the UK, selling goods or services you will be expected to charge your customers Value Added Tax (VAT) and pay that to the government via HM Revenue & Customs. In order to do this you must register with HMRC and...
