Welcome to the AccoTax Help Centre
Search for answers to your questions by entering keywords below, or scroll down to look through our knowledge base.
TAX
“Time for a Wealth Tax”, Say the Rich.
The 2025 Sunday Times Rich List reveals that a small group of 350 families control £772 billion in wealth – enough to fund the UK’s
100,000 HMRC Accounts Hit by Scammers
HM Revenue and Customs (HMRC) revealed that it suffered a phishing attack that led to the compromise of around 100,000 personal tax accounts. The incident
24 Month Tax Rules on Temporary Workplace
Q. We have an employee currently seconded from our EU-based parent company. Initially, she was due to be with us for 18 months, of which twelve
95,000 Get £100 Fines for Late Filing – Despite No Tax being Owed
We regularly remind our self-employed clients of their obligations for filing to HMRC and the deadlines for sending in their Self-Assessment Tax Return, not least
A Company Closes – How to Withdraw Any Remaining Cash Tax Efficiently.
When the time comes to close a company the usual method by which this is done is via a process known as ‘Striking off’. The
A Customer Is Refusing To Pay The Vat Element Of Their Invoice. What Shall I Do?
Q. My Business Recently Hit The Vat Registration Threshold And I Duly Completed The Necessary Forms. That Was Six Weeks Ago And HMRC Have Not
A Million Taxpayers Miss Filing Deadline
About 1.1 million taxpayers missed the deadline to file their self-assessment tax returns and pay tax that was owed, HMRC has estimated. The failure to
A new ’10p tax’ suggested to the Chancellor… by a billionaire
John Caudwell, billionaire and Phones 4u founder, has urged Chancellor Rachel Reeves to introduce a 10p per litre tax on petrol and diesel. He claims
A New Flat Rate for Pension Tax Relief? Budget Changes Expected
Amid the frequently repeated references to the £22bn ‘blackhole’ in the public finances and warnings from the Prime Minister of a ‘painful’ Autumn Budget, it
A Surcharge May be Added to the VAT Notice. Do I Need a Review?
My Company was Late Submitting its VAT Return and Payment for the Quarter to 30 September 2009. The VAT Office has Sent a Surcharge Notice,
All my Income is Taxed is Under Paye, Should I Complete Tax Form?
I’ve received a £100 fine for not submitting my tax return, but I don’t remember receiving a form to complete. All my income is taxed
April Key Tax Dates 2022
1 – Due date for payment of Corporation Tax for accounting periods ending 30 June 2021 5 – Last day of 2021/22 tax year, deadline to use
April Key Tax Dates 2025
5th Current tax year (2024/25) ends. That means it’s the final opportunity to use up any tax allowances or reliefs for that year, such as
Are My Late Husband’s Overseas Assets Exempt from UK Inheritance Tax?
Q: Are my late husband’s overseas assets exempt from UK IHT when left to me? A: My husband died recently and left all his assets to me in
Are Old Sales Receipts Taxable if they are Added to Current Sales?
While collecting together the papers for my self-employed accounts to 30 November 2009, I noticed £1,500 of sales should have been recorded in the accounts
Are there any IHT Implications of Gifting Money to our Son and Daughter in-law?
Q.2 Are there any IHT Implications of Gifting Money to our Son and Daughter in-law? I have a joint bank account with my wife. We view the money in that
Are There Any Reliefs I Can Claim to Reduce Gain by Selling my Shares?
In 2005 I retired from my architectural practice and sold my share of the business to the remaining partners. I invested the proceeds in Enterprise
Are There Any Tax Implications for Providing Mobiles to Employees?
My sales force all need to connect to the internet while they are out on the road, so we provide them each with a mobile
Are We Going Back to the Future for CGT?
In 1989, Conservative Chancellor Nigel Lawson decided to change the rules around Capital Gains Tax so that it was applied at whatever the taxpayer’s marginal
Are You Struggling to Pay Your Tax Bill?
The last couple of years have been financially difficult for many and the coming year will bring increased costs – not least utility bills. The