TAX DIARY SEPTEMBER/OCTOBER

19 September PAYE & NIC deductions, and CIS return and tax, for month to 5/9/19 (due 22 September if you pay electronically) 1 October Corporation tax for year to 31/12/18 unless pay by quarterly instalments 5 October Deadline for notifying HMRC of chargeability for 2018/19 if not within Self-Assessment and  receive income or gains on […]

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WHEN IS A VAN NOT A VAN?

HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola. The court has upheld the HMRC view that certain […]

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COMPANY OFFICERS JOINTLY AND SEVERALLY LIABLE FOR VAT PENALTY

COMPANY OFFICERS JOINTLY AND SEVERALLY LIABLE FOR VAT PENALTY The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company. The recent case involved a penalty for late registration for VAT where the threshold had been exceeded. Three conditions must […]

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