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Small businesses – Making Tax Digital

Making Tax Digital (MTD) is a UK government initiative that sets out a vision for the ‘end of the tax return’ – oh how amazing – and a ‘transformed tax system’ by 2020. HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for…Read More

The End of the Tax Year: Are you prepared?

Five Important Points to Consider That’s right, it’s that time of year again. The end of tax year deadline is upon us. Not to worry though, The Buxton Partnership is here to help. So, what do you need to consider? Do you need an accountant to do your self-assessment? The answer is of course, yes.…Read More

The worst excuses for late tax returns

HMRC has revealed the top 10 most bizarre excuses they received from taxpayers who didn’t complete their tax return on time. From blaming the postman and the dog for eating tax returns, the following excuses were all used in unsuccessful appeals against HMRC penalties: My tax return was on my yacht, which caught fire. A…Read More

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