Uncategorized – TANOUS

The deteriorating performance of HMRC’s self assessment pre-population API has cast further doubts on the tax authority’s ability to deliver a smooth landing for its Making Tax Digital for income tax self assessment project.

January 26, 2023 by Mark Hendy

Accounting practices currently filing client returns ahead of the 31 January tax return deadline have flagged a decline in the performance of HMRC’s self assessment (SA) pre-population application program interface (API) service, with several outages and a reduction in successful data retrievals compared with previous years. “I ran the SA API for partners in three partnerships yesterday,” …

Tax professionals welcome delay to compulsory digital tax reporting

January 9, 2023 by Mark Hendy

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have welcomed the announcement that the Government are delaying making it compulsory for self-employed businesses and landlords to keep digital records and report their income quarterly until April 2026 for those in the first stage, and later for smaller businesses. In a written statement …

HM Revenue & Customs has effectively extended the tax self-assessment deadline by a month, until 28 February, after conceding that some people were struggling and needed more time. The 11th hour move provides a breathing space for more than 3 million people who have still not filed their 2019-20 tax return. The official deadline for …

Spreadsheet error delays opening of £150m children’s hospital | AccountingWEB

September 3, 2020 by Mark Hendy

A report has cited a copy and paste error in a 2012 spreadsheet as responsible for preventing the opening of NHS Lothian’s £150m Royal Hospital for Childr — Read on www.accountingweb.co.uk/tech/excel/spreadsheet-error-delays-opening-of-ps150m-childrens-hospital

FTT rejects taxpayer’s appeal over ‘unsolicited’ tax returns | Accountancy Daily

April 12, 2019 by Mark Hendy

A taxpayer who had always paid tax at source under PAYE and submitted unsolicited tax returns in an attempt to address overpayments, has lost an appeal at tax tribunal over HMRC’s refusal to accept the returns — Read on www.accountancydaily.co/ftt-rejects-taxpayers-appeal-over-unsolicited-tax-returns

MTD for VAT snags add to developers’ frustration | AccountingWEB

April 11, 2019 by Mark Hendy

Software developers using the live MTD for VAT filing mechanism have encountered inexplicable errors in the data being returned by HMRC’s systems. — Read on www.accountingweb.co.uk/tax/business-tax/mtd-for-vat-snags-add-to-developers-frustration

The loan charge pantomime | AccountingWEB

April 1, 2019 by Mark Hendy

On 5 April 2019, the loan charge will be imposed on up to 50,000 taxpayers who have been unable to arrange to pay tax due on loans which are now recategoris — Read on www.accountingweb.co.uk/tax/hmrc-policy/the-loan-charge-pantomime

MTD date looms

March 6, 2019 by Mark Hendy

www.telegraph.co.uk/news/2019/03/06/delay-digital-tax-reforms-avoid-chaos-phillip-hammond-urged/

Capital allowances: HMRC applied wrong version of the law | AccountingWEB

February 18, 2019 by Mark Hendy

In a case involving plant embedded in a commercial building, HMRC tried to apply the new capital allowances rules to a transaction which pre-dated their int — Read on www.accountingweb.co.uk/tax/business-tax/capital-allowances-hmrc-applied-wrong-version-of-the-law

Change of accounting date spells disaster for Harry Potter actor | AccountingWEB

February 15, 2019 by Mark Hendy

Julie Cameron discusses how the Rupert Grint case provides an important reminder of the care needed when making in a change of accounting date.Poor — Read on www.accountingweb.co.uk/tax/personal-tax/change-of-accounting-date-spells-disaster-for-harry-potter-actor

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Category: Uncategorized