How to reduce your January tax bill
Whitley Stimpson share some useful tips on decreasing your January tax payments with Wise Investment. With the deadline for filing your self assessment tax return fast approaching, we teamed up with local wealth management and financial planning business Wise...
Calling all clients……if HMRC write to you, please let us know
With resources stretched at HMRC at the best of times, but even more so currently, they are writing ‘nudge letters’ to taxpayers to encourage them to check their returns, but the copy that’s sent to tax advisors doesn’t necessarily tell us who they have written to.
Clearing up confusion over Capital Gains Tax
A tax expert has stepped in to clear up confusion over Capital Gains Tax (CGT).
Nudging to correct the tax return
HMRC uses data from many sources such as banks, land registries, and Companies House to cross-check information reported on self assessment tax returns. If HMRC’s computer finds a mismatch between the third party data and your 2018-19 tax return you may receive a letter asking you to review your return.
Airbnb hosts to be targeted by HMRC
Whitley Stimpson recommends transparency over taxable lettings income to Airbnb hosts in order to avoid penalties.