FABs – Frequent Agent Blindspots. #1 – Overlap relief

June 29, 2010 1 comment

I have lost track of the number of times I’ve looked back through a client file to find errors or omissions by a predecessor (or myself – I’m as guilty as anyone): we’re all human and therefore fallible. Over time patterns emerge, and there are a few key areas that are persistently either ignored or not followed up.

Overlap relief is one such area. Read more…


CGT: Cryptic, garbled, terrifying

June 25, 2010 Leave a comment

Capital gains tax. It was big news before the Budget, and it’s still big now. What do you need to know?

Read more…

Categories: The Basics Tags: , , ,

Renting and raving

June 25, 2010 Leave a comment

The recent story of the previous Chief Secretary to the Treasury may have been an unfortunate set of circumstances or deserved comeuppance, depending on your point of view. However, tax brains never stop, and there are some points about property income and tax which not everyone knows, so here follows some vanilla-flavoured basics.

Read more…

Categories: Property, The Basics Tags:

Agent dedicated lines updated

June 24, 2010 Leave a comment

Agents should have been aware of the agent dedicated lines for contacting HMRC for a while now. Read more…

Categories: Agents, Working with HMRC Tags: ,

Getting hold of the Revenue

June 24, 2010 1 comment

The Inland Revenue has gone through many organisational changes over the last few years. For a start, it’s not called the Inland Revenue any more: since April 2005 it became part of HM Revenue & Customs (HMRC). It is reflective of how dear to us they are that we still widely call it by its old name.

In the good ol’ days, you could go and visit your local tax office and speak to knowledgeable and locally-known and respected officers and inspectors. Relationships between taxpayers and the tax office were personal and, many would say, mutually beneficial. It has become increasingly difficult to get this level of service, as many of you will have become aware.

Read more…

Categories: Working with HMRC Tags: ,

The Basics – 1. Going it alone: registering as self-employed

June 24, 2010 1 comment

Because of the economic situation, you may have recently decided to go self-employed. This is a busy time for you as you go about setting up your business, with finding work and getting paid high on your priority list. However, you should take time to make sure you understand and act on your tax and National Insurance obligations, otherwise you may end up costing yourself a bob or two. Read more…

Congratulations, it’s a tax adviser…

June 24, 2010 Leave a comment

Hello, and welcome to the TaxManDan blog.

In the coming days and weeks I will be posting explanations and thoughts on various aspects of taxation in the UK, including tax credits and National Insurance.

I will also be encouraging you to send your questions about tax, and try to supply answers in plain English.

Although I will try to give correct practical and technical advice, I will always recommend that you seek professional advice for any matters you may have. I hope, however, that this blog can help you to gain a better understanding of tax, which is such an important part of all our lives.


Categories: Uncategorized