TaxCalc Blog

HMRC Self Assessment APIs – Experiences and Developments

As our practitioner customers will be aware, in the latter half of 2017, we released our implementation of HMRC’s new Application Programming Interfaces (or APIs). This is data that HMRC has already received from different sources which can then be fed into the tax return. This facility has proven to be extremely useful, saving our customers a great deal of time and effort.

The TaxCalc guide to filing your Self Assessment return

Let’s be realistic. Filing your Self Assessment return is never going to be something that makes you whoop for joy. But it’s a necessary thing to do. As you probably know, you’ve got to get your tax return in by Jan 31 2018  at the very latest – or you’ll be liable for a £100 fine. No-one wants that, especially after the expense of Christmas.

HMRC waive late filing penalties for returns affected by an Exclusion

HMRC have provided information confirming they are waiving late filing penalties or interest where the 31 January deadline is missed or payment of the correct tax is less than it should be due to the continuing errors in HMRC’s 2016/17 tax calculation.  Read more for the full statement from HMRC...

10 Top Tips to beat the 31 January Self-Assessment blues

You probably know that the deadline approaching for submitting your Self Assessment tax return is the end of this month. Here are ten tax return tips to help you file your Self Assessment return in time and without stress.

It’s not just being late that can lead to a nasty letter from HMRC or a fine. By using TaxCalc we’ll also help check for errors and fix issues before you file your return meaning you’ll be much less likely to make any mistakes!

Late Filing. The facts and figures (and how to avoid a £1,500 sting in the tail).

Companies filing their accounts late can incur an eye-watering £1,500 fine after six months. One would think that’s enough to focus the mind, yet the number of penalties being handed out by Companies House has seen a spike over the past year. The stats for the year to March 2017 make interesting reading...

Corporation Tax Loss Reform – An update to TaxCalc

Last Friday, HMRC emailed the accountancy practice community to inform that new rules concerning the relief and utilisation of corporate losses had taken effect.

The new rules were part of the legislation put before ministers earlier this year but, due to the General Election in May, were taken out as part of the ‘washing up’ of the original Finance Act – essentially, the passing of enough of the Budget to keep the country going...

An expert’s view on the New Small Companies Regime: Q&A with Steve Collings

With the new Small Companies Regime now in full swing (and, following the first mandatory filing deadline for FRS 102 section 1A and FRS 105 accounts with a December 2016 year end), we thought we’d take some time to reflect on its adoption. And so we’ve reached out to industry expert Steve Collings for a short Q&A to give his opinions on some of the challenges adopters are still facing.

Part-Time Taxperts and Accounting Action Heroes wanted

We’re TaxCalc, the UK’s fastest-growing independent tax and accounting software company, and we’re on the hunt for part-time tax and accounting experts living in the local community.