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Simple assessments
Simple assessmentsFrom 2016/17 onwards, HMRC has the power to make a 鈥榮imple assessment鈥� of the taxpayer鈥檚 income tax and / or capital gains tax liability outside of the self assessment system. As HMRC already receives significant amounts of information on the income received and tax paid by
Tax on UK resident beneficiaries of non-resident trusts 鈥� overview
Tax on UK resident beneficiaries of non-resident trusts 鈥� overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to
Sales, advertising and marketing
Sales, advertising and marketingExpenditure on sales, advertising and marketing activities may include amounts which are disallowable for the purposes of calculating trading profits. This may be because the expenditure is:鈥apital in nature (see the Capital vs revenue expenditure guidance note)鈥ot