Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who fail to properly report their taxes. A number of reports have emerged recently which suggest that the Revenue’s Connect ‘supercomputer’ is being used by the tax authority to gather far-reaching data on taxpayers and to effectively… Read more…

Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers online, when it is not necessary. Typically businesses are told that as part of changes to EU legislation, which obligates all companies to provide their VAT registration numbers on ‘various’ documents since 2010, they as a… Read more…

Watch our free video to find out what to do next Receiving an Accelerated Payment Notice (APN) from HM Revenue & Customs (HMRC) can be very daunting. Such notices allow taxpayers just 90 days to pay the amount shown on the APN, unless the recipient is willing to make representations to HMRC. In some instances, HMRC will send out… Read more…

Watch our free video to find out how. At Salhan Accountants, our multi award-winning tax and business advisors are committed to helping our clients to achieve their business goals – and we want to share our knowledge and business know-how with you. Our team have put together a free video about how Salhan Accountants can help your business to achieve… Read more…

If you have lived abroad for six or months or more in a year, you are classed as a “non-resident landlord”, and the income you receive from renting out your home whilst abroad is taxable in the UK. This needs to be declared to HM Revenue & Customs (HMRC), but you do not necessarily need… Read more…

Last year saw a raft of changes come into effect at Companies House. Amongst the measures introduced was the requirement for companies to maintain a register of Persons of Significant Control (PSCs). New rules, which came into effect on 26 June 2017 mean that companies need to report all changes to their PSC information as… Read more…

While most of us invest a lot of time and thought about how to improve our finances, we do not tend to spend quite as much time looking at how our finances can improve our lives. But research is showing that not all wealth is equal, with some spending having a greater impact on happiness… Read more…

Around 800,000 small businesses are yet to enrol into the Government’s flagship pension scheme, new figures have revealed. The Pensions Regulator, which published the report, said nearly eight million employees are now saving into a workplace pension, but thousands of employers remain non-compliant. Launched in October 2012, “auto-enrolment” requires all employers – no matter if… Read more…

According to the gov.uk guidance, a director must register for self-assessment (SA) and send a personal SA tax return to HM Revenue & Customs (HMRC) each year. However, this isn’t always the case. There are exemptions to this rule, one of which was recently highlighted at a tax tribunal. Mohammed Salem Kadhem has been a… Read more…

Recent reports have shed light on some of the most unusual cases where self-assessment taxpayers have managed to successfully appeal late filing and late payment penalties issued by HM Revenue & Customs (HMRC). In one instance, a taxpayer named Magdalena Trzcińska successfully appealed a late filing penalty thanks to a well looked-after ‘signed for’ Post… Read more…