Recently, a former nightclub dancer was confronted with back taxes and penalties of over fifty seven thousand pounds (£57,000) after years of non-declaration; apparently, she didn’t know that non-British citizens and students paid income tax. The non-payment issue only came to light when she applied for citizenship and needed to prove her tax status. If … Continue reading
HMRC states that a company director MUST complete a tax return but does this requirement have a basis in law? The relevant legislation in the form of Taxes Management Act 1970 (TMA) s7 states that it is mandatory for a company director to file a tax return IF a return HAS been issued and IF … Continue reading