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Tag: HMRC

HMRC Delays Introduction Of Off-Payroll Rules To Private Sector

18th April 2020 | Written by In Accountancy | Categories : Contractors, CoronaVirus, News, Pensions and Payroll
HMRC Delays Introduction Of Off-Payroll Rules To Private Sector

HMRC has delayed the introduction of off-payroll rules to the private sector as part of its measures to support businesses through the COVID-19 pandemic.


Off-Payroll Working – IR35 Update

18th February 2020 | Written by In Accountancy | Categories : Contractors, News
Tagged in: HMRC, IR35, taxpayers,
Off-Payroll Working – IR35 Update

HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income
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Tax Relief On Professional Fees And Subscriptions

16th February 2020 | Written by In Accountancy | Categories : News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: HMRC, tax relief,
Tax Relief On Professional Fees And Subscriptions

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations. The costs are tax deductible generally where the individual must have membership to do their job or it is helpful
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Brexit – Transition Period

14th February 2020 | Written by In Accountancy | Categories : News
Tagged in: Brexit, HMRC, UK,
Brexit – Transition Period

The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020. However the UK is now in the transition or implementation period during which time it is ‘business as
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A Decade Of Bizarre Excuses And Expense Claims

13th February 2020 | Written by In Accountancy | Categories : News, Personal Tax
A Decade Of Bizarre Excuses And Expense Claims

Vengeful witches and pet hamsters feature in HMRC’s list of imaginative excuses and expense claims, which has been published in the run up to the self assessment deadline. HMRC has compiled a list of the weirdest unsuccessful excuses from the
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Current List of Deliberate Tax Defaulters

25th January 2020 | Written by In Accountancy | Categories : Client News, Personal Tax
Tagged in: HMRC, tax defaulters,
Current List of Deliberate Tax Defaulters

HMRC publishes details of deliberate tax defaulters, those people who have received penalties either for:

deliberate errors in their tax returns or
deliberately failing to comply with their tax obligations.


Guidance on Structures and Buildings Allowance

22nd January 2020 | Written by In Accountancy | Categories : Client News, News, Small Business Advice, Tax Advice
Guidance on Structures and Buildings Allowance

The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA).


Minimum Wage Rates Announced

7th January 2020 | Written by In Accountancy | Categories : News, Pensions and Payroll
Minimum Wage Rates Announced

The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over.


HMRC Issues Guidance On Cryptoassets

31st December 2019 | Written by In Accountancy | Categories : News
Tagged in: HMRC, Tax,
HMRC Issues Guidance On Cryptoassets

HMRC has published guidance for people who hold cryptoassets, typically cryptocurrency or Bitcoin, explaining what taxes they may need to pay and what records they need to keep.


Check Employment Status For Tax Tool Update

29th December 2019 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
Tagged in: CEST, HMRC, Tax,
Check Employment Status For Tax Tool Update

HMRC has issued an update to the Check employment status tool (CEST) in advance of the introduction of new tax rules proposed for individuals who provide their personal services via an ‘intermediary’ to a medium or large business. The tool
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Cycle To Work Schemes – More Complex Than You Think…

25th December 2019 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice
Tagged in: HMRC, Tax,
Cycle To Work Schemes – More Complex Than You Think…

There has been much interest recently in Cycle to Work schemes, particularly since HMRC lifted the limit on the value of bikes and accessories which can be claimed from £1000 to, well basically to whatever your employer agrees to, from
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Latest Guidance For Employers

23rd December 2019 | Written by In Accountancy | Categories : Limited Companies, News
Tagged in: employers, HMRC,
Latest Guidance For Employers

HMRC has issued the latest Employer Bulletin. This issue includes articles on a number of areas including: Guidance for employers on reporting PAYE information in real time when payments are made early at Christmas Electronic payment deadline falls on a
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