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 ICPA ACCOUNTANCY & TAX PORTAL

Welcome to the ICPA Accountancy & Tax Portal provided in conjunction with our partners Taxationweb.

Below is a list of our most important recent articles which you can read in full by clicking on the links.

Alternatively you can select a topic from the menu to the left of the screen to see our full list of articles for that topic. We hope you find the articles both useful and informative.    

 

Property Rental Expenses - Your guess is as good as mine!

Just what records does a landlord have to keep and for how long? Mark McLaughlin looks at a recent case where the records were deemed insufficient with the obvios outcome for the taxpayer.

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Why Thinking About UK VAT is Important!

Melanie Lord reviews a recent case before the tribunal where simply failing to make the vat situation obvious and unequivocal cost a company dear. A salutary warning  

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Expenses Regime Fit for Purpose - Really?

The results of the recent consultation into Employee Expenses are in and have been published. The team at Contractor Weekly take a look and are not overly impresessed with the outcome.

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Personal Savings Allowance

What counts as savings income? what is the situation for a basic rate taxpayer and a higher rate taxpayer? HMRC set out answers to these questions as well as providing some examples

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Employment tribunal refund scheme now open

As announced by the Ministry of Justice refunds of employment tribunal fees are now being processed. So, if you have paid such fees whether as an individual or an employer here is the information on how to go about getting a refund  

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Spotting the self employed

The team from Contractor Weekly review HMRC's recent research study into how SMEs determine the employment status of it's workers and highlight the main issues.

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The Autumn Budget: The top 25

Here are the top 25 facts from the recent budget according to H M Treasury as they say In no particular order.  

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POAT: Out of the frying pan and into the fire?

Pre-owned assets tax can catch you out especially in inheritance tax planning with regard to land and property. Mark Mclaughlin runs his eye over some examples. 

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Clarifying status for employment rights and tax obligations

Qdos draws our attention to the announcement made in the budget about a forthcoming consultation on the vexed question of employment status. it is frankly long overdue and hopefully it will actually clarify rather than further muddy the waters. 

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VAT's the way to do it!

The team at Contractor Weekly take a look at the OTS's first report on VAT and the focus seems to be on the issue of the vat registration threshold.

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Staff issues around Black Friday

The ubiquitous Black Friday will soon be upon us and employers are concerned about the effect this has on their staff as the offers hit the internet and mobile 'phones almost everywhere.  

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Accountants are the new heroes in a digital world

In the month that Xero announce that they will not be providing a free to use version of their software no doubt much to the dismay of HMRC My Firms App look at how Accountants can and will cope. 

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Paying your tax before its due

Will Voluntary Pay as You Go make paying HMRC easier? what happens now if you make payments before you know the actual amount due? 

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Money Laundering Regulations: Your responsibilities

You have to carry out check and keep records if you are registered for Money Laundering HMRC sets out exactly what it requires of a business registered with them

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What's in a name?

You like a name for your business but arn't yet ready to trade so what do you do to safeguard against someone else using it whilst you dally? 

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How is the Family? Penalties & Reasonable Excuse

You'd have thought that a serious illness would preculde HMRC seeking to impose penalties for late filing wouldn't you? Mark looks into serious illness for the taxpayer and their family and points out that the Tribunal can react differently than HMRC.

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Get Real over the Loan Charge

The team from Contractor Weekly review the recent report by the Tax Faculty of the ICAEW into loans from disguised remuneration and it makes interesting reading.

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Simple Assessment - Ending the Tax Return

HMRC detail which taxpayers will be taken out of the Tax Return system and why it will be a case of Simple Assessment from now on for them.

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HMRC Enquiries: Should I stay or should I go?

At some stage during an enquiry it is quite likely that HMRC will request a meeting with our clients but are these meetings necessary? can we refuse? Mark Mclaughjlin takes a look in some detail and covers all the bases.

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