150,000 businesses owe HMRC £2.7 billion in deferred VAT payments
HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore owe the department £2.7 billion.
Read more...Five reasons to set up a Personal Tax Account
Taxpayers are being urged to set up personal accounts to monitor their affairs.
Read more...Increasing number of taxpayers targeted with threatening tax scams, HMRC warns
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned.
Read more...IR35 – Everything you need to know
With new rules and regulators set to be introduced around off-payroll working rules, known as IR35, for the private sector in April 2021, many people are still unaware of their legal obligations.
Read more...Year-End Tax Planning – why it’s vital to be prepared
The clock is ticking towards the end of the tax year on 5 April 2021 and it is important that you utilise all of the available tax reliefs and allowances before the new tax year in order to minimise your
Read more...What to do if you’re rejected for Time to Pay
An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed.
Read more...Self Assessment: thousands spread tax liabilities in response to coronavirus disruption
Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.
Read more...HMRC warns of tax scams ahead of Self Assessment deadline
HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.
Read more...Self-Assessment: Taxpayers encouraged to file tax returns now to spread tax bill across the year
Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service.
Read more...The most common Self Assessment errors, according to HMRC
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.
Read more...Key Capital Gains Tax changes for Self-Assessment taxpayers to be aware of
HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before 31 January 2021.
Read more...HMRC: Update tax credit account or risk overpayment
Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned.
Read more...Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms
Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.
Read more...Chancellor orders review into Capital Gains Tax system
The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced.
Read more...COVID-19 – HMRC relax inheritance tax process
HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic.
Read more...