Full pass lists and award winners
Thoughts for the week
Key dates for your 2015 diary
Points to action
The rates and bands for residential property transactions subject to the Scottish land and buildings transaction tax have been revised, with an extra level added following advice from tax professionals. The new figures are set to apply from 1 April.
Tax admin to think about and do
Bear in mind...
Revenue and Customs Brief 49/2014 provides guidance on what to do when a business raises or receives a VAT invoice offering a prompt payment discount from 1 April 2015.
Under new legislation in VATA 1994, sch 6 para 4, suppliers must account from 1 April for VAT on the amount they actually receive and customers may recover the amount of VAT that is actually paid to the supplier.
Employers are set to receive the first quarterly notices under real-time information’s late-filing penalties regime, which began in October for businesses with 50 or more members of staff.
Firms that have incurred fines can expect the HMRC messages from the beginning of February, according to the department. Advisers will not be sent a copy, but each notice will instruct employers with agents to pass on the correspondence immediately.
Tasks to kick off the new year
Key dates for your 2015 calendar
Final client admin of 2014
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