Increasing number of taxpayers targeted with threatening tax scams, HMRC warns

Mar 18, 2021

Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. The warning comes after a significant number of “concerned individuals” contacted the offices of HM Courts and Tribunals Service (HMCTS) ...

Blog, SMEs, Tax, VAT

Budget 2021: Hospitality businesses call for extended VAT cut

Feb 22, 2021

Due to the prolonged impact of coronavirus on the hospitality industry, firms within this sector urge Chancellor Rishi Sunak to extend the VAT reductions for a year in the Budget. In 2020, the VAT reduction went from 20 per cent to ...

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Blog, Business accounting, General news, Tax

Online sales tax proposal for Autumn Budget

Feb 09, 2021

The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage. Supermarkets, including Asda, ...

Blog, Business accounting, Tax, VAT

EU exports halt as UK firms encounter extra charges

Jan 25, 2021

Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a ...

Blog, Business Advice, Tax

IR35: Businesses are still not prepared for off-payroll working rules

Jan 18, 2021

According to a recent study, many UK firms are not adequately prepared for the off-payroll tax rule changes for the private sector to start in April 2021. The survey, which had 3,300 contractors as respondents, revealed that 52 per cent of ...

Blog, Business accounting, Tax

HMRC warns of tax scams ahead of Self Assessment deadline

Jan 07, 2021

HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline. It comes after the tax office responded to thousands of reports of bogus emails, text messages and phone calls ...

Blog, Business Advice, HMRC, Tax

COVID-19: enhanced payment plans for Self-Assessment individuals

Dec 21, 2020

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers - increasing the threshold from £10,000 to £30,000. ...

Blog, Tax

The most common Self Assessment errors, according to HMRC

Dec 17, 2020

With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. It comes after research revealed that approximately 90,000 ...

Blog, HMRC, Tax

Advisory Fuel Rates: updates from 1 December 2020

Nov 30, 2020

HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to ...

Blog, Tax

Working parents struck by Covid-19 will be allowed to continue claiming Tax-Free Childcare, HMRC confirms

Oct 29, 2020

Working parents who fall under the income threshold to claim Tax-Free Childcare as a result of Covid-19 will be allowed to continue receiving relief, it has been announced. According to HM Revenue & Customs (HMRC), eligible working parents who receive support ...

Tax