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.Continue reading

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.Continue reading

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.Continue reading

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.Continue reading

IR35: Off-payroll working rules to go ahead in April 2021

Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed.Continue reading

HMRC updates tax guidance for waiving income and bonuses and charitable giving

HM Revenue & Customs (HMRC) has updated its guidance for people choosing to waive their income to support their business or a charity during the COVID-19 pandemic.Continue reading

COVID-19: The impact on company car benefit in kind

Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit in kind (BIK)?Continue reading

IR35: House of Lords committee calls for reform of off-payroll working rules

A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation.Continue reading

Deferring VAT – HMRC confirms businesses should cancel VAT direct debits

Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.Continue reading

HMRC: Record 11 million file Self-Assessment tax return before 31 January deadline

According to the latest data from HM Revenue & Customs (HMRC), a record 11.1 million taxpayers filed their tax returns before the deadline on 31 January.Continue reading

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