News
Documents reveal HMRC plans to secretly access bank account information
10 August 2018
Documents published online have revealed HM Revenue & Customs’ (HMRC) plans to secretly access bank account information. he planned new powers come in the form of information orders, which are used by the Revenue to determine that taxpayers are paying the correct amounts of Income Tax...
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Tens of thousands of fake HMRC websites taken down
10 August 2018
Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than in the previous year.
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HMRC collects more than £30 billion worth of extra tax in last financial year
10 August 2018
New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – an increase of nearly £30 billion on the previous year.
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MTD for VAT clarified in new communication from HMRC
10 August 2018
HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses had.
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More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms
10 August 2018
HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) reforms announced at the last Budget.
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Taxpayers warned of Requirement to Correct as deadline approaches
10 August 2018
Taxpayers with undeclared offshore tax liabilities, including Income Tax, Capital Gains Tax or Inheritance Tax, are obligated to disclose these liabilities to HM Revenue & Customs (HMRC) on or before 30 September 2018 under HM Revenue & Customs’ Requirement to Correct (RTC) regime.
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Reminder on changes to Corporation Tax notices
10 August 2018
On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax.
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Building contractors will have to comply with complex new VAT rules
05 July 2018
Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. From 1 October 2019, builders, contractors and other trades associated with the construction industry...
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More than two-fifths of small business owners are still unaware of MTD
05 July 2018
According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared by Intuit QuickBooks, found that more than three-quarters of SME owners found the legislation challenging and difficult to understand.
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A quarter of dads may be missing out on paternity pay, according to a new report
05 July 2018
The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may be missing out.
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