What have 1.1 million people in the UK got in common as at 1 February 2012? Well unfortunately for these people the answer is that they owe the UK tax authorities £100. The deadline for submitting the individual tax return for the tax year ended 5 April 2011 was 31 January 2012 (in case you’re [...]

Most people don’t enjoy paying tax. It’s a difficult balancing act for any government as they need tax revenue to fund certain public services but at the same time they can become unpopular (and hence out of a job!) as a result of excessive personal tax burdens. Income tax in the UK has been around [...]

The deadline for submitting income tax returns in the UK was on 31 January. According to the UK tax authorities there were a record number of tax returns submitted electronically this year. Nearly 7 million people submitted their returns on line. This was an increase of 7% on the previous year. There were no doubt [...]

When you speak with your lawyer, you can say almost anything and be confident in the knowledge that the lawyer will be able to preserve the confidentiality of your discussion. Most people probably assume the same thing when having discussions with their accountant, especially in the context of discussing tax planning opportunities with a tax [...]

“Double, double toil and trouble, fire burn, and cauldron bubble” so goes the famous Witch’s chant from Act 4, scene 1 of Macbeth but was a similar chant taking place last week when a potential Witch Tax was rejected by the Romanian Senate? Like many countries around the world Romania suffered badly during the recession. [...]

On the way into the office this morning I was stuck in traffic next to a Peugeot 207 vehicle which was identical to the model to the left except that it was red rather than white. If you’re heading to the ACCA UK stream tax exams on Monday then do you care if this vehicle [...]

I met up with a good friend of mine the other evening. He was rather excited as he was in the process of choosing a new company car. As part of his remuneration package he’s lucky enough to be given a company car and this car gets replaced every 3 years. He’ll shortly be provided [...]

Taxation and football have been in the news this week in the UK. First of all we had winding up orders threatened on Southend, Cardiff City and the Premier League team Portsmouth on Wednesday. If a winding up order happens the clubs as corporate entities will be liquidated. In simple terms this means that the [...]

Well it only seems like yesterday that we posted about the 31 October deadline for submitting the hard copy paper income tax returns. Today is 29 January and perhaps more importantly if you’re a UK tax payer who has yet to submit your Income Tax Return, Sunday is 31 January. The deadline for submitting your [...]

So what exactly was important about yesterday (31 October 2009)? Yesterday was an important day for any individuals that submit their income tax returns as a hard copy paper return rather than filing them online. 31 October 2009 was the deadline for submission of an individual’s paper income tax return for 2008/09. To be precise, [...]