Between now and October 2012 around 5.1 million taxpayers will receive notice of a tax under or over-payment, arising from thePAYE reconciliation exercise for 2011/12. These PAYE adjustments are the natural result of calculating whether each taxpayer has paid the right amount of tax through PAYE or not. The PAYE system does not cope well when ...

It's time to complete forms P11D, to report expenses and benefits paid to your employees in 2011/12, which were not included in your dispensation agreement with the Tax Office. The P11D details can be submitted online using the free HMRC software or using your own payroll software. Alternatively you can complete individual paper forms, or submit a ...

The Taxman has wide powers to inspect your business, but he is supposed to give you at least seven days notice to check on your business property, computer or business records. He is permitted to turn-up without warning, but only if tax is immediately at risk, such as where fraud is suspected.In spite of these strict rules, tax inspectors do try to...

If you provide services through your own personal service company you will be aware of the tax law known as IR35. This tax rule imposes an extra charge on your company, if you would be treated as an employee of your customer or customers, if you worked for the customer directly. It is very difficult to pin down when IR35 should apply, as it depends...