Following the introduction of the online Trust Registration Service last year, the registration deadline for new Trusts with a tax consequence arising in 2017/18 is fast approaching.
Life, business and the law
The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interestings aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Latest articles from Amber Heron
The HMRC deadline for reporting any previously undeclared offshore income and gains is 30th September 2018. You have until 30th September 2018 to notify HMRC of your intention to make a full disclosure of all undeclared tax liabilities before tougher new penalties are introduced.
HMRC's announcement that, effective from 21st August this year, the rate of interest charged on late tax payments has been increased from 3.00% to 3.25% was the second increase to late payment interest in two years.
With the end of the 2017/2018 tax year approaching you may want to make sure you have considered and where possible made use of the available allowances and exemptions, before the end of the current fiscal period (5th April).
Request for Annual Scottish Finance Bill made by leading organisation the Chartered Institute of Taxation
The Chartered Institute of Taxation (CIOT) has confirmed that it has renewed its request for the introduction of an annual Scottish Finance Bill to improve scrutiny of devolved tax legislation.