News Archives | Page 3 of 53 | IN-Accountancy
Inaccountancy

News

Contractors Almost £1,000 better off in the 2018 Budget

5th November 2018 | Written by In Accountancy | Categories : Budget, Business, Contractors, HMRC, HMRC, Limited Companies, News, Personal Tax, Tax
Contractors Almost £1,000 better off in the 2018 Budget

The changes introduced in the 2018 Autumn Budget mean that many contractors could be almost £1,000 better off under the new tax rules. We have had many queries from our contractor client about what the Autumn 2018 Budget really means for them. So, we thought it might be useful to take a moment to highlight the areas which we think will impact Read the full article…


AUTUMN 2018 BUDGET OVERVIEW

30th October 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, News, Pensions and Payroll, Personal Tax, Tax
AUTUMN 2018 BUDGET OVERVIEW

Autumn Budget 2018 – for “Strivers, Grafters and Carers” Budgets, as we all know, take place on Wednesdays. After the excitement of Prime Minister’s Questions, the Deputy Speaker calls ‘the Chancellor of the Exchequer’ and he – so far we have not had a female Chancellor – bounds to his feet, delivering an upbeat message about the nation’s finances and Read the full article…


Deliberate Tax Defaulters – HMRC publishes updated list

15th October 2018 | Written by In Accountancy | Categories : Business, HMRC, HMRC, Personal Tax, Tax
Deliberate Tax Defaulters – HMRC publishes updated list

HMRC has published an updated list of deliberate tax defaulters. The list of deliberate tax defaulters includes details of taxpayers who have incurred a penalty because they have either: deliberately provided one or more inaccurate documents to HMRC deliberately failed to comply with an HMRC obligation committed a VAT or excise wrongdoing. HMRC’s criteria for publishing this information also states Read the full article…


Autumn Budget 2018 set for Monday 29 October

13th October 2018 | Written by In Accountancy | Categories : Budget, Business, HMRC, Making Tax Digital, News
Autumn Budget 2018 set for Monday 29 October

The Chancellor of the Exchequer, Philip Hammond, has announced that the Autumn Budget 2018 will take place on Monday 29 October. Breaking with the tradition of a Wednesday in November, perhaps in a bid to avoid the ongoing Brexit negotiations, the government is expected to set out its plans ‘to build a stronger, more prosperous economy, building on the recent Read the full article…


‘No Deal’ Brexit Guidance and Small Business Survey

12th October 2018 | Written by In Accountancy | Categories : Business, HMRC, News, Personal Tax
‘No Deal’ Brexit Guidance and Small Business Survey

Following the issue of some ‘no deal’ Brexit technical notices, in August, the government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised. The second and third batches of notices relating to a ‘no deal’ Brexit cover topics such as passports, driving licences together Read the full article…


Recognising phishing emails and texts from HMRC

10th October 2018 | Written by In Accountancy | Categories : HMRC, HMRC, News
Recognising phishing emails and texts from HMRC

We are experiencing an increasing and worrying number of clients who have been subject to HMRC phishing emails and other scams. Luckily when they have checked with us we have been able to advise them whether or not the contact appears to be genuine, or whether we think it is a bogus or phishing email and what to do next. Read the full article…


HMRC Identify £15.6m Minimum Wage Underpayments

9th October 2018 | Written by In Accountancy | Categories : Business, HMRC, HMRC, News, Pensions and Payroll
HMRC Identify £15.6m Minimum Wage Underpayments

HMRC has announced that they achieved record enforcement results this year, identifying £15.6million of minimum wage underpayments. The number of workers identified as underpaid was double that in 2016/17 and the highest number since the National Minimum Wage came into force. The figures reveal: a record £15.6 million of underpayment identified for more than 200,000 workers employers fined £14 million Read the full article…


Paper Self Assessment Tax Return deadline approaching

8th October 2018 | Written by In Accountancy | Categories : HMRC, HMRC, Personal Tax
Paper Self Assessment Tax Return deadline approaching

For those individuals who have previously submitted paper self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Paper self assessment returns submitted after that date must be submitted electronically or they will incur a minimum penalty of £100. The penalty for late submission applies even when there is no tax to pay or the tax Read the full article…


Software Suppliers – Making Tax Digital for VAT

28th September 2018 | Written by In Accountancy | Categories : Business, HMRC, Limited Companies, Making Tax Digital, News
Software Suppliers – Making Tax Digital for VAT

HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in time for April 2019. From 1 April 2019, businesses will be mandated to use the MTDfB system to meet their VAT obligations under MTDfV. Only businesses with a taxable turnover above the VAT threshold (currently £85,000) Read the full article…


HMRC Latest Guidance for Employers

25th September 2018 | Written by In Accountancy | Categories : Business, Limited Companies, News, Pensions and Payroll, Pensions and Payroll
HMRC Latest Guidance for Employers

HMRC has published the latest edition of the Employer Bulletin.   This guidance for employers, and their agents, includes articles on:   Reporting your payroll information accurately and on time Irregular payments and completion of Full Payment Submissions Starter Declaration on a Full Payment Submission (FPS) PAYE Settlement Agreements and Scottish Income Tax National Living Wage and National Minimum Wage Read the full article…