Late filing and late payment penalties will be waived for one month to give taxpayers more time to prepare their 2020 to 2021 Self Assessment tax return, it has been announced.Continue reading
Workers in receipt of Working Tax Credit (WTC), have been urged to check if they need to update their working hours.Continue reading
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed.Continue reading
HM Revenue & Customs (HMRC) has reminded parents that they may be eligible for Tax-Free Childcare ahead of the new academic year.Continue reading
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. Continue reading
Whether you employ one worker or one thousand, Real Time Information (RTI) for payroll helps businesses stay on top of compliance and ensures employees pay the correct amount of tax.
The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned.Continue reading
UK businesses are losing 12 per cent of their revenue because they are failing to reclaim VAT, the latest research has revealed.Continue reading
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