Friday 14 September 2012

Tax Code Notices from HMRC


It's that time of year when HMRC send out letters regarding a tax code changes or underpaid tax due to expenses and/or benefits in kind.

If the expenses they refer to are wholly and exclusively required for your business purposes then no additional tax is due.

There is a section on your self assessment tax return which advises HMRC that these expenses should not be taxed.

No further action is required regarding this if you are completing a self assessment tax return.

Please send a scan / copy of the letter into Tempo for our reference.

We will be contacting you shortly regarding the preparation of your self assessment due at HMRC by 31 January 2013.

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