Other News

Making sure gifts to employees are tax-free

Some employers may wish to give a small gift to their employees.

Wednesday, December 4, 2019

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 December 2019.

Wednesday, December 4, 2019

HMRC offers tips on avoiding Self Assessment tax scams

HMRC is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline.

Wednesday, December 4, 2019

Check employment status for tax tool update

HMRC has issued an update to the Check employment status tool (CEST).

Wednesday, December 4, 2019

Temporary pensions tax arrangement for NHS staff

The Secretary of State for Health and Social Care has agreed to a temporary commitment to make payments to certain clinical staff outside of the NHS pension schemes to restore the value of their pension benefits package.

Wednesday, December 4, 2019

HMRC issues guidance on cryptoassets

HMRC has published guidance for people who hold cryptoassets.

Wednesday, December 4, 2019

Latest guidance for employers

HMRC has issued the latest Employer Bulletin.

Wednesday, December 4, 2019

Research and Development spend

The Office for National Statistics has revealed what UK businesses spent on Research and Development in 2018.

Wednesday, December 4, 2019

Budget will not now take place on 6 November

On 25 October 2019 the Chancellor of the Exchequer Sajid Javid wrote to the Treasury Select Committee.

Monday, November 4, 2019

Christa Ackroyd loses IR35 appeal

Former BBC presenter Christa Ackroyd has lost her appeal against a ruling that she was an employee, not a freelance contractor, when she worked for the BBC via a personal service company.

Monday, November 4, 2019

Clamp down on enablers of tax avoidance schemes

HMRC says it is clamping down on the promoters and enablers of tax avoidance schemes in the wake of the loan charge controversy.

Monday, November 4, 2019

Increase in probate fees abandoned

The government has abandoned its planned increase in probate fees.

Monday, November 4, 2019

Charities fraud protection failures

According to a report published by the Charity Commision, the majority of UK charities admit fraud is a major risk, but are still failing to carry out basic tasks in order to protect themselves.

Monday, November 4, 2019

Guidance for employers

HMRC has published the October 2019 issue of the Employer Bulletin which contains guidance on a number of issues relevant for employers.

Monday, November 4, 2019

HMRC countdown: file your tax return

With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush.

Monday, November 4, 2019

Genuine HMRC contact and recognising phishing emails and texts

HMRC has updated their guidance on how to recognise when contact from HMRC is genuine.

Monday, November 4, 2019

VAT domestic reverse charge for building and construction services delayed

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.

Friday, October 4, 2019

Independent review of the Loan Charge

The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes.

Friday, October 4, 2019

Senior clinicians' pensions consultation

The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions.

Friday, October 4, 2019

HMRC collects record amounts of IHT

The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax during the 2018/19 tax year.

Friday, October 4, 2019

'Major gaps' in no-deal Brexit guidance

According to the British Chambers of Commerce (BCC) there are 'major gaps' in the government's no-deal Brexit guidance for UK businesses.

Friday, October 4, 2019

Brexit-readiness events for business

The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit.

Friday, October 4, 2019

Experts warning over insolvency debts

Prioritising HMRC over other creditors in insolvencies will have a 'negative impact on the UK's economic growth'.

Friday, October 4, 2019

Money Laundering non-compliance

HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

Friday, October 4, 2019

Simplify apprenticeship funding

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to simplify the complexities of accessing apprenticeship funding.

Tuesday, September 3, 2019

HMRC issues Customs EORI numbers

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system.

Tuesday, September 3, 2019

Trusts with small amounts of savings income

In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting.

Tuesday, September 3, 2019

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 September 2019.

Tuesday, September 3, 2019

PAYE late filing and late payment penalties

HMRC has confirmed that it will continue its risk-based approach to payroll Real Time Information (RTI) late filing and late payment penalties this tax year.

Tuesday, September 3, 2019

Self assessment deadlines

Two self assessment deadlines are approaching.

Tuesday, September 3, 2019

HMRC latest guidance for employers

HMRC has published the latest edition of the Employer Bulletin.

Tuesday, September 3, 2019

Strong Customer Authentication

The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA).

Tuesday, September 3, 2019

Off-payroll rules for the private sector

The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector.

Friday, August 2, 2019

Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users.

Friday, August 2, 2019

Insolvency hierarchy changes

From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency.

Friday, August 2, 2019

Private Residence Relief changes

The government published draft legislation for the next Finance Bill including draft clauses on the changes to Private Residence Relief .

Friday, August 2, 2019

Working parents may be eligible for tax-free childcare this summer

The government is reminding working parents that they could ease this summer's childcare costs by using Tax-Free Childcare.

Friday, August 2, 2019

VAT changes may cause construction chaos

The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector which takes effect later this year may cause chaos.

Friday, August 2, 2019

Wage growth at a high

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019, the highest rate since the financial crisis in 2008.

Friday, August 2, 2019

Updated guidance on spotting HMRC scammers

HMRC has updated their list of examples of websites, emails, letters, text messages, WhatsApp messages and phone calls used by scammers and fraudsters to obtain an individual's personal information.

Friday, August 2, 2019

Tax gap remains low

HMRC has published a report showing that the UK tax gap in 2017/18.

Thursday, July 4, 2019

Preparing the workforce for EU Exit

Over two thirds of EU citizens that are currently in the UK are here for work.

Thursday, July 4, 2019

MTD for VAT latest

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system.

Thursday, July 4, 2019

Employer Bulletin - latest guidance

HMRC has issued the June 2019 edition of the Employer Bulletin.

Thursday, July 4, 2019

New measures to ensure small businesses get paid on time

The government has announced a package of measures to ensure small businesses get paid on time.

Thursday, July 4, 2019

Payment on account confusion

Under self assessment taxpayers are required to make payments on account of their tax liabilities.

Thursday, July 4, 2019

UK Investment Support Directory

International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT).

Thursday, July 4, 2019

Consultation on the operation of Insurance Premium Tax

HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and collection of Insurance Premium Tax (IPT).

Thursday, July 4, 2019

MTD for VAT is now live

We answer some key questions.

Wednesday, June 12, 2019

OTS calls for simplifying everyday tax for smaller businesses

A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'.

Tuesday, June 4, 2019

HMRC taskforce tackles dishonest dog breeders

A taskforce has recovered more than £5 million by tackling dishonest dog breeders selling pups on the black market.

Tuesday, June 4, 2019

Forms P11D - reporting employee benefits

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019.

Tuesday, June 4, 2019

Welsh taxpayers income tax code mix-up

From April 2019, Welsh taxpayers were assigned new income tax codes beginning with the letter 'C'.

Tuesday, June 4, 2019

Consultation on Companies House reforms

The government has launched a consultation on proposed reforms at Companies House, including a 'major upgrade' of its register.

Tuesday, June 4, 2019

Consultation on ancillary capital gains reliefs

A capital gains tax exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief rules.

Tuesday, June 4, 2019

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 June 2019.

Tuesday, June 4, 2019

Non-compliance with minimum wage regulations

A recent Low Pay Commission report sets out its findings on the number of people being paid less than the statutory minimum wage.

Tuesday, June 4, 2019

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.

Tuesday, May 7, 2019

Government confirms implementation of pensions dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.

Tuesday, May 7, 2019

'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.

Tuesday, May 7, 2019

Latest guidance for employers

HMRC has issued the latest version of the Employer Bulletin.

Tuesday, May 7, 2019

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.

Tuesday, May 7, 2019

Money Laundering

HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations.

Tuesday, May 7, 2019

'Flexible extension' to Article 50

Business groups, including the British Chambers of Commerce and the Confederation of British Industry, have commented on the six-month 'flexible' extension of Article 50.

Tuesday, May 7, 2019

Scottish Air Departure Tax plans further delayed

The Scottish government has further delayed its plans to replace Air Passenger Duty (APD) with Air Departure Tax (ADT).

Tuesday, May 7, 2019

MTD for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime.

Sunday, April 7, 2019

Reporting Benefits in Kind - Forms P11D

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019.

Sunday, April 7, 2019

Additional Brexit advisory documents for small businesses

The government has published additional documents containing advice on Brexit for UK small businesses.

Sunday, April 7, 2019

Delay to rise in probate fees

The government has delayed its planned increase in probate fees indefinitely.

Sunday, April 7, 2019

Update on Structures and Buildings Allowance

Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates.

Sunday, April 7, 2019

Call for tax on social media businesses

A group of MPs has called on the government to tax the profits of social media businesses.

Sunday, April 7, 2019

Changes to income tax for 2019/20

The new tax year brings changes to income tax bands and allowances.

Sunday, April 7, 2019

HMRC wins disguised remuneration avoidance case

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd.

Sunday, April 7, 2019

Spring Statement 2019

The Chancellor Philip Hammond presented his Spring Statement on Wednesday 13 March 2019.

Wednesday, March 13, 2019

HMRC advice - prepare for no deal

HMRC is urging business owners to make sure they are ready for a potential no deal Brexit.

Tuesday, March 5, 2019

Start date looming for Making Tax Digital for VAT

The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC's progress on delivery of Making Tax Digital.

Tuesday, March 5, 2019

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 March 2019.

Tuesday, March 5, 2019

Scottish income tax bands confirmed for 2019/20

The Scottish Parliament has confirmed the income tax bands that will apply to Scottish taxpayers for 2019/20.

Tuesday, March 5, 2019

Minimum Wage increases

The National Minimum Wage and National Living Wage are the legal minimum wage rates that must be paid to employees.

Tuesday, March 5, 2019

Pensions auto enrolment contributions to rise

Minimum pension contributions are set to increase from 6 April 2019.

Tuesday, March 5, 2019

Tax efficient investments ahead of the tax year end

With the end of the tax year looming there is still time to save tax for 2018/19.

Tuesday, March 5, 2019

Latest update for employers

HMRC has issued Employer Bulletin (February 2019) which includes a number of interesting articles.

Tuesday, March 5, 2019

Households with landlines should be vigilant

Over recent years HMRC has increasingly cracked down on email and SMS phishing.

Tuesday, March 5, 2019

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.

Wednesday, February 6, 2019

MTD for VAT - pilot extended to all eligible businesses

HMRC has extended its Making Tax Digital for VAT pilot scheme to all eligible businesses.

Wednesday, February 6, 2019

HMRC's Voice ID database

Since 2017, HMRC has captured millions of callers' voice data on its Voice ID system.

Wednesday, February 6, 2019

Spring Statement date announced

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility in the Spring Statement on Wednesday 13 March 2019.

Wednesday, February 6, 2019

'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.

Wednesday, February 6, 2019

Protect your pension pots

The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and 'negligent trustees'.

Wednesday, February 6, 2019

Scottish Budget 2018 income tax changes

Finance Secretary Derek Mackay delivered the 2019/20 Scottish Draft Budget on Wednesday 12 December 2018 setting out the Scottish government's financial and tax plans.

Monday, January 7, 2019

Scottish Budget 2018 property tax changes

In the 2019/20 Scottish Draft Budget, Derek Mackay announced changes to Scottish Land and Buildings Transaction Tax.

Monday, January 7, 2019

HMRC reminder to employees to claim their tax deductible expenses

HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses.

Monday, January 7, 2019

Pension contribution increases ahead

The Pensions Regulator is reminding employers about the workplace pension contribution increases from 6 April 2019.

Monday, January 7, 2019

HMRC publish details of deliberate tax defaulters

HMRC have updated the list of deliberate tax defaulters.

Monday, January 7, 2019

Self assessment deadline approaching

The deadline for submitting your 2017/18 self assessment return is 31 January 2019.

Monday, January 7, 2019