2015 budget overview

2015 budget overview
The Budget delivered on 18 March 2015, despite pre-election speculation, was a “steady as she goes” announcement to support continued and measured economic growth.

This is our summary of the tax horizon following the Budget.
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VAT Matters

VAT Matters
Are you VAT registered, or should you be?  If you are or you are considering becoming VAT registered then you need to understand how this works.  Once you become VAT registered you must make sure that you charge the right amount of VAT on all goods and services you sell.
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Self assessment penalties

Self assessment penalties
As the Self Assessment deadline has passed; HMRC will start issuing penalty notices to those who did not meet the filing deadline.

A fixed penalty of £100 will be payable for tax returns which were overdue at 31st January 2015. 
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When points won't mean prizes from HMRC

When points won't mean prizes from HMRC
HMRC have reported that whilst 4.3 million self assessment tax returns were filed in January 2015 about 2.5 million tax payers have missed the deadline giving the Treasury an estimated windfall from automatic late filing penalties of £250 million this year.
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Solicitors tax campaign

Solicitors tax campaign
The general advice from Marshall Smalley is that any taxpayer with unpaid tax issues should seek to resolve matters with HMRC as soon as possible.

At present HMRC offer a voluntary disclosure opportunity for those who work in the legal profession as a solicitor and need to bring their tax affairs up to date.
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