We provide our clients with updates on changes in taxation regulation, news from the world of accounting via our Facebook Page and Website and, of course, information about the latest developments at PLATINUM CIS LIMITED

From 6 April 2009 there is a change in the penalty to pay for late notification to the HMRC that you have commenced self-employment.

Up to 6 April 2009 the penalty was £100 and you had 3 months after commencement of trade to let HMRC know.

From 6 April 2009 the rules have been changed as follows:

1. Anyone who ceases or becomes liable for Class 2 or Class 3 contributions must notify HMRC immediately.
2. A penalty may be levied (between 30% and 100% of the "lost contributions") if notice is not given by 31 January following the end of the tax year in which you become liable.
3. There will be no penalty if you have a reasonable excuse for the late notification.

You may find out about other changes in a consultation at our office.

New online access

Consult our online links tab to see " Whats New "

The Budget

HM Revenue and Customs recent changes in taxation regulations.

Companies House 

V.A.T.