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HMRC

Latest Guidance For Employers

11th June 2019 | Written by In Accountancy | Categories : Business, HMRC, Pensions and Payroll
Latest Guidance For Employers

HMRC has issued the latest version of the Employer Bulletin. This April edition has articles on a number of issues including: Cash Allowances, Flexible Benefits Packages and Salary Sacrifice Unpaid work trials and the National Minimum Wage Diesel Supplement Company Car Tax Changes to meet Euro standard 6d Student Loans Construction Industry Scheme – helpful reminders for contractors and subcontractors Read the full article…


VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Budget, Business, HMRC, Limited Companies, Tax, VAT
VAT Fuel Scale Charges

HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business. Please do get in touch for further advice Read the full article…


Government Confirms Implementation of Pensions Dashboards

8th June 2019 | Written by In Accountancy | Categories : Budget, HMRC, Pensions and Payroll
Government Confirms Implementation of Pensions Dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead. Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will ‘open up pensions to millions’, and ‘provide an easy-to-access online view of a saver’s pensions’. The Department for Work and Pensions (DWP) will bring Read the full article…


‘Flexible Extension’ To Article 50

7th June 2019 | Written by In Accountancy | Categories : Brexit, Business, HMRC, local interest, News
‘Flexible Extension’ To Article 50

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month ‘flexible’ extension of Article 50, granted to the UK by EU leaders. The extension potentially pushes ‘Brexit Day’, the day when the UK officially leaves the EU, to 31 October 2019. Reacting to the news, the BCC stated that Read the full article…


Money Laundering

5th June 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Limited Companies, News
Money Laundering

HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations. As a supervisor of the Money Laundering Regulations HMRC has a duty to publish details of businesses that have been penalised for not complying with the regulations. HMRC advises that it considers cases individually to decide whether to publish details in full, Read the full article…


‘Springtime’ Tax Scams Target Young People

4th June 2019 | Written by In Accountancy | Categories : Client Focus, HMRC, Miscellaneous
‘Springtime’ Tax Scams Target Young People

HMRC has warned young people in the UK to ‘stay vigilant’ in order to avoid falling victim to ‘Springtime’ tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less familiar with the UK tax system. During the months of April and May, criminals often bombard taxpayers with tax refund Read the full article…


Consultation on Extension of IR35 Rules

3rd June 2019 | Written by In Accountancy | Categories : Contractors, HMRC, Tax
Consultation on Extension of IR35 Rules

HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector, a year ahead of its implementation on 6 April 2020. In the guidance, HMRC state that the responsibility to determine whether the off-payroll working rules apply will fall on the organisation receiving the individual’s service. It outlines a four-step process Read the full article…


Making Tax Digital for VAT – Quick Update

17th May 2019 | Written by In Accountancy | Categories : Accounts, HMRC, Limited Companies, Making Tax Digital, News, VAT
Making Tax Digital for VAT – Quick Update

We are now six weeks into the Government’s Making Tax Digital for VAT initiative, and so far, so good. If we currently look after and submit your VAT returns on your behalf, then rest assured that you are in good hands – we are MTD ready and ensuring all clients are compliant with new legislation in plenty of time. If Read the full article…


HMRC Wins Disguised Remuneration Avoidance Case

2nd May 2019 | Written by In Accountancy | Categories : Business, HMRC, Tax
HMRC Wins Disguised Remuneration Avoidance Case

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than salaries, to avoid paying income tax and national insurance contributions Read the full article…


Call for Tax on Social Media Businesses

30th April 2019 | Written by In Accountancy | Categories : Business, HMRC, Tax
Call for Tax on Social Media Businesses

A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report which outlined the impact of social media on the health of young people. The APPG has suggested creating a Social Media Health Alliance, Read the full article…