Latest News
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Do you have undeclared dividend income?
If you're a shareholder, you may receive a letter suggesting you may have undeclared dividend income. Is this something to worry about?
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Over one million tax returns not filed on time
Statistics show that more than one million tax returns were not filed by midnight on 31 January 2024. What should you do if you’ve missed the deadline, and why should you double check your filing in any case?
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Ex-Liverpool star loses IR35 case
The First-tier Tribunal (FTT) has found in favour of HMRC regarding the application of IR35 rules to former Liverpool and England footballer Phil Thompson’s work for Sky. What’s the full story?
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Taxpayer successfully argues against “deliberate behaviour” penalty
When it comes to tax penalties, there is a behaviour-based scale that means you pay more for knowingly understating your tax bill than if you make a simple mistake. Unfortunately, HMRC is often over-zealous to apply a “deliberate” tag. Why is this a problem and how did one taxpayer successfully argue against it?
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P11D filing to end
HMRC is scrapping the use of Form P11D to report benefits in kind from 2026. How will you need to account for tax and NI due after this?
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HMRC cuts helpline ahead of SA deadline
HMRC is now refusing to answer most calls about self-assessment. If you have a question preventing you completing your self-assessment return on time, what steps can you take to avoid a fine?
Muir & Addy is a partnership registered to carry out audit work by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI.
Details of our audit registration can be viewed at www.auditregister.org.uk, under reference number 223287.