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Client Focus

HMRC’s Voice ID Database

12th February 2019 | Written by In Accountancy | Categories : Business, Client Focus, GDPR, HMRC, HMRC, Miscellaneous, News, Personal Tax
HMRC’s Voice ID Database

Since 2017, HMRC has captured millions of callers’ voice data on its Voice ID system by encouraging the caller to say a key phrase instead of the conventional password to gain access to their accounts. However, non-profit organisation Big Brother Watch warns that people have been ‘railroaded into a mass ID scheme by the back door’ and has reported HMRC Read the full article…


Protect Your Pension Pots

11th February 2019 | Written by In Accountancy | Categories : Budget, Business, Client Focus, HMRC, HMRC, Miscellaneous, Pensions and Payroll, Pensions and Payroll
Protect Your Pension Pots

The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and ‘negligent trustees’. Research carried out by the Service found that criminals use a range of tactics to convince savers to part with their funds, including persuading individuals to access their pension and invest in unregulated schemes. Pension scam victims lost an average of Read the full article…


‘Unbelievable Excuses’ for Late Filing of Tax Returns

10th February 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Miscellaneous, News, Personal Tax, Tax
‘Unbelievable Excuses’ for Late Filing of Tax Returns

HMRC has revealed some of the most ‘bizarre excuses’ taxpayers have given for failing to file their self assessment tax return on time. Excuses included ‘I’m too short to reach the post box’, and ‘my boiler had broken and my fingers were too cold to type’. One taxpayer claimed that a junior member of staff ‘forgot to wear their glasses’, and Read the full article…


Businesses Urged to Prepare for Post-Brexit Customs Declarations

8th February 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Limited Companies, News
Businesses Urged to Prepare for Post-Brexit Customs Declarations

HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains changes to Customs, Excise and VAT procedures in the ‘unlikely event’ that the UK leaves the EU without a Brexit deal. HMRC’s letter advises businesses to take three actions ahead Read the full article…


HMRC Publish Details of Deliberate Tax Defaulters

18th January 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Limited Companies, Tax
HMRC Publish Details of Deliberate Tax Defaulters

HMRC have updated the list of deliberate tax defaulters. The list contains details of taxpayers who have received penalties either for: deliberate errors in their tax returns deliberately failing to comply with their tax obligations HMRC may publish information about a deliberate tax defaulter where an investigation has been carried out and the taxpayer has been charged one or more Read the full article…


Self-Assessment Deadline Approaching

14th January 2019 | Written by In Accountancy | Categories : Client Focus, HMRC, Personal Tax, Tax
Self-Assessment Deadline Approaching

The deadline for submitting your 2017/18 self-assessment return is 31 January 2019. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income Child Benefit Charge liabilities. There is a penalty of £100 Read the full article…


Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

14th December 2018 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Making Tax Digital, Making Tax Digital
Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has ‘failed to adequately support small businesses’ ahead of the introduction of MTDfV. MTDfV is generally set to come into effect for the from 1 April 2019 for businesses which have a taxable turnover above the Read the full article…


Discounting – Christmas Deals or Don’ts??

13th December 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, Limited Companies, Miscellaneous, News
Discounting – Christmas Deals or Don’ts??

It’s that time of year again when everyone is getting excited for the bargains they might find in the January sales, which if you ask me have been getting earlier and earlier in recent years. But if you’re in business and are participating in the sales season, be it the recent Black Friday, Cyber Monday, Shop Local Saturday, Boxing Day or Read the full article…


Entrepreneurs’ Relief Changes

21st November 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, HMRC, News
Entrepreneurs’ Relief Changes

The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs’ Relief (ER) with immediate effect for disposals on or after 29 October 2018. Two new tests are to be added to the definition of a ‘personal company’, requiring the claimant to have a 5% interest in both the distributable profits and Read the full article…


HMRC Countdown: File Your Tax Return

17th November 2018 | Written by In Accountancy | Categories : Client Focus, HMRC, Personal Tax, Tax
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. The deadline for submitting 2017/18 self assessment tax returns online is 31 January 2019. An automatic penalty of £100 applies if the return is late. HMRC Read the full article…