Fines for landlords caught out by tax probe more than double in a year

TQOTW: NEW PAYSLIP LEGISLATION

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My client has asked me about the new legislation regarding payslips that comes into effect in April 2019. Can you shed some light on this?

VQOTW: ONLINE TRADERS SELLING TO GERMANY USING AMAZON

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My client is an online retailer, selling through Amazon and other online marketplaces. They have recently received correspondence from Amazon with regard to the online sales they make to customers in Germany. It appears that Amazon is insisting that my client must VAT register in Germany if they want to continue to sell to German customers via Amazon. Can you advise what has prompted this action?

TQOTW: SELF-ASSESSMENT PENALTIES

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Now that the self-assessment filing date of 31 January has passed once again, I would like to be able to understand and explain to clients the penalty regime that will apply if their returns have not been filed on time.

February 2019 Tax Insider

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Included in this months issue:

– Auto-enrolment fines rise 146%
– Dual-registration service passes 200,000 milestone
– Partners hit by avoidable ISA tax charge
– Think tank proposes tax changes to save £7bn

Changes to Probate in 2019

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From April 2019, some estates in England and Wales could be required to pay almost £6,000 for a service that currently costs less than 4% of that amount.

This is because of a proposed change to the fees families must pay to administer the estate of someone who has died.

The Risks of a Tax Investigation

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It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but relatively blasé about things that are statistically more likely to harm us, such as unwashed lettuce.

The likelihood of HMRC swooping to investigate your business’s tax affairs seems to be a particularly difficult risk to quantify.