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Action points, issue 4571

12 October 2016
Issue: 4571 / Categories: For Action

Put your client admin into motion.

  • Do you need to send a notification letter to clients with overseas income or assets (see ‘Tax on overseas assets’)? The information in HMRC’s International Exchange of Information Manual may be helpful in ascertaining whether this is necessary.


  • It may seem obvious but if HMRC issues a surcharge for the late payment of tax always check that the sum to which the fine relates is correct – as the decision in D Ludzker (TC5398) showed HMRC does not always get it right.


  • If a taxpayer’s income exceeds £100 000 personal allowances are eroded leading to a marginal tax rate of 60%. For clients with incomes in this band check whether there are any tax planning suggestions that could mitigate this liability.


  • Take this opportunity to read HMRC’s discussion document on penalties. This proposes a...

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