Tag: Tax on foreign income

Self-Assessment Tax Returns
HMRC

Self-Assessment Tax Returns

You’ll automatically receive a financial penalty. If your tax return is less than 3 months late this penalty will be £100, for any timescales after this you’ll receive a customised penalty depending upon the exact circumstances and how late you file.

Self-Assessment for Self-Employed
HMRC

Self-Assessment for Self-Employed | HMRC Investigations

The million dollar question is, how do HMRC decide who to investigate, and who to leave alone? Well, the bad news is that by far the most likely ‘victims’ of an HMRC investigation are self-employed workers who take on the responsibility of their own taxes, rather than handing the work to an accountant.

2017 Budget Small Businesses
HMRC

What does the 2017 Budget mean for Small Businesses?

As dividend allowance is to be slashed, we expect to see more self-employed workers look to invest further in Isas. From April 2017, Isa limits are being raised from £15,240 to £20,000 and dividend growth within this Isa is tax-free.

HMRC TAX FREE LUNCH
HMRC

HMRC TAX FREE LUNCH

At an enormous $530 billion dollar valuation, 70 offices in 40 countries and one of the world’s largest advertisers, Google is the most commonly referenced company that HMRC has provided tax relief to. In 2016, HMRC judged that Google’s tax arrangements were legal and therefore the internet giant did not need to pay any further than the £130m in additional tax for the last 10 years.