Year End Tax Review 2010/2011


Lead articles

Looking forward

This year, next year

Rate of change

Pension merry-go-round


Too much NIC

NIC and pensions

Company cars

Tax-free benefits

Childcare vouchers

Business - General

Time to incorporate?

Associated or not?

His and hers

Family bonus

Profit and loss

Show me the money

Can't pay, won't pay?

Turning back the clock

Business - VAT

Standard VAT or flat VAT?

VAT's up again

All Europeans now

A good start for VAT

Happy returns?


Top-up savings

Rainy day money

Capital Gains

Gains favoured

Splitting gains

A place in the country

Holiday lets reprieved


Family fortunes

Where there's a Will

Credits and debits

Benefit going

Piggy banks

Still trustworthy?


Penalty shoot-out

Going online

Paperwork, paperwork

Pay tax later

Opportunity knocks again


Give and save

Non-Domiciled People

Home and away


Interesting times

Going online

HMRC are keen for everyone to file and pay online as much as possible. After all, computers are cheaper than people, and they have budget cuts to implement. From the taxpayer's point of view, filing online can be more efficient and secure it's all good until something goes wrong, and then trying to find someone who knows how to put it right can be a trial.

Employers are now required to file more of their PAYE forms online and will be penalised for failing to do so. From April 2011, companies will have to file accounts electronically with their Corporation Tax returns, and will have to do so using a particular type of software called iXBRL. HMRC will provide a basic facility to do this on their website, but a commercial package may be more efficient. Companies House will also accept accounts in iXBRL, but will not require them.

Action Point!
Are you ready for electronic filing?