Penalties for tax return errors – ‘Special reductions’ and suspensions of penalties

Penalties for tax return errors – ‘Special reductions’ and suspensions of penalties

Most tax practitioners will be familiar by now with the penalty regime for errors in tax returns and other documents (FA 2007, Sch 24). The level of penalty broadly depends on whether an error was careless, or deliberate but not concealed, or deliberate and concealed. The standard penalty for a careless error is 30% of. Read more

HMRC powers – Information notices and private bank statements

HMRC powers – Information notices and private bank statements

A controversial aspect of enquiries by HM Revenue and Customs (HMRC) into personal tax returns is requests to see the taxpayer’s private bank statements. HMRC’s extensive information and inspection powers apply (among other things) to documents which are “reasonably required” to check the taxpayer’s tax position (FA 2008, Sch 36 para 1). The question also. Read more

Bloomsbury Professional Online: Case Study #1 – Reviewing the FA 2012 changes to the fixtures rules

Bloomsbury Professional Online: Case Study #1 – Reviewing the FA 2012 changes to the fixtures rules

This case study video by Steve Savory shows how to use the Bloomsbury Professional Online site to review the changes to the fixtures rules in FA 2012 and share content with colleagues and clients. Found it useful? You can sign up for a trial of the service by visiting www.bloomsburytax.com.  . Read more

Introduction to search – Bloomsbury Professional Online demo

Introduction to search – Bloomsbury Professional Online demo

Watch industry expert Steve Savory talk you through how to get the most from the search function on our online tax service, Bloomsbury Professional Online. This video is one in a series to help you get the most from your subscription. Not a subscriber? Sign up for a free trial at BloomsburyTax.com today.. Read more

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