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
Category Archives: Income Tax
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
3,000 taxpayers file Self Assessment on Christmas day
More than 3,000 Self Assessment returns were filed on Christmas day, HM Revenue & Customs (HMRC) has revealed. Continue reading
IR35: HMRC loses £243,000 tax case
HM Revenue & Customs (HMRC) has lost a case against an IT Consultant that the tax body deemed liable for £243,000 in tax under the IR35 rules. Continue reading
Nine in 10 off-payroll workers incorrectly paying tax, says HMRC
HM Revenue & Customs (HMRC) has published new guidance on changes to off-payroll working rules coming into effect in the private sector next year. Continue reading
IR35: BBC Presenter loses appeal over £400,000 tax bill
Television presenter Christa Ackroyd has lost an appeal at the Upper Tribunal over her tax status at the BBC. Continue reading
Time to think about tax returns, says HMRC
Is it that time of the year already?
Today, HM Revenue & Customs (HMRC) has reminded taxpayers that they have just 100 days to go until the 31 January tax return deadline. Continue reading
HMRC wins IR35 case against BBC presenters
HM Revenue & Customs (HMRC) has won an IR35 tribunal case against three BBC presenters at the High Court, which could have a significant impact on the broadcasting industry. Continue reading
Making Tax Digital: what happens next?
Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC). Continue reading
New rules to crack down on ‘phoenix companies’ confirmed for April 2020
Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year. Continue reading