It has been often touted that QNUPS is one of the best tax saving overseas pension schemes for systematic investment. But, what are the tax privileges that one gets from it. The reason for the launch of QNUPS in February 2010 is due to failure of the taxman in the previous legislation, QROPS, which failed … Read more
It’s tempting to think that a £100 fine is a small price to pay for filing your tax return late. After all, it’s only a small amount and you may not even have to pay that is it turns out your tax liability is low as HMRC cannot fine you more than the tax that … Read more
Penalties for late payment of PAYE and NIC, May 2010. From May 2010 HMRC are implementing new penalties for late payment of periodic PAYE /NIC from businesses. This will include any tax, national insurance contributions, construction industry deductions and student loan deductions which may be due in the tax year 2010-2011 onwards. It means that … Read more