Tax determination Archives | Taxfile https://www.taxfile.co.uk/category/tax-determination/ Tax advice & accounting services for South London businesses & SMEs Fri, 10 Jan 2025 13:21:03 +0000 en-GB hourly 1 Taxfile passes HMRC inspection with flying colours! https://www.taxfile.co.uk/2014/11/taxfile-passes-hmrc-inspection/ Mon, 17 Nov 2014 08:30:55 +0000 http://www.taxfile.co.uk/blog/?p=899 HMRC have recently been targeting tax agents who file high volumes of tax returns and, as one of the UK’s top 100 tax return preparers by volume, Taxfile had the honour of having an inspection by HMRC inspectors during late October. The two senior inspectors met all Taxfile staff who prepare tax returns and analysed […]

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]]> Online banking may save you money! https://www.taxfile.co.uk/2014/10/online-banking-may-save-you-money/ Wed, 22 Oct 2014 08:30:19 +0000 http://www.taxfile.co.uk/blog/?p=825 Do you have online banking? Sending us downloaded statement information straight from your online banking means we can more easily import the data into our system and check for expenses and income which might otherwise have been overlooked. It can also fill in the gaps where you are missing receipts or invoices. This simple service […]

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]]> It’s official: thousands are on the wrong tax code! https://www.taxfile.co.uk/2014/01/thousands-on-wrong-tax-code/ Thu, 30 Jan 2014 14:10:19 +0000 http://www.taxfile.co.uk/blog/?p=642 With the tax return deadline being only hours away (midnight 31 January 2014) there is still time to get professional help if you need it – particularly because HMRC  often get it wrong according to new research by UHY Hacker Young. In just one example, HMRC sent a tax bill to a pensioner which demanded […]

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]]> Assets hidden offshore? Not for long! https://www.taxfile.co.uk/2013/11/offshore-assets/ Sun, 17 Nov 2013 17:33:00 +0000 http://www.taxfile.co.uk/blog/?p=584 Financial information sharing now reaches the Cayman Islands, Isle of Man, Jersey and Guernsey. On November 5th, Her Majesty’s Revenue & Customs (‘HMRC’) announced that the Cayman Islands had joined the ever-growing list of offshore territories which will now automatically share financial information with them in respect to UK taxpayers who may have accounts there. […]

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]]> What is equitable liability? https://www.taxfile.co.uk/2008/03/what-is-equitable-liability/ Mon, 24 Mar 2008 10:58:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/03/what-is-equitable-liability/ Information about equitable liability was published in the Revenue’s Tax Bulletin in August 1995. Most people keep their tax affairs up to date and pay their tax in time time. However, where a taxpayer has not submitted his or her return, HM Revenue & Customs can determine the taxpayer’s likely tax liability so that the […]

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