P11D deadline approaching

The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2016, are due for submission to HMRC by 6 July 2016. The... Read Full Article...

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HMRC urges claimants to renew tax credits online

HMRC are urging people to renew their tax credits claim well before the 31 July deadline. HMRC have made improvements to the online renewal service and recommend claimants renew their claim online once they receive their renewal... Read Full Article...

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HMRC update phishing scam advice

HMRC have updated their guidance to taxpayers on how to spot phishing scam emails. Phishing is the fraudulent act of emailing a person in order to obtain their personal/financial information such as passwords and credit card or... Read Full Article...

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NAO report says HMRC’s customer service quality ‘collapsed’

According to a report by the National Audit Office (NAO) the quality of service at HMRC ‘collapsed’ over an 18 month period between 2014 and 2015. The report found that average call waiting times tripled in 2014/15 and... Read Full Article...

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VAT Flat Rate Scheme guidance updated

HMRC have issued updated guidance on the operation of the VAT Flat Rate Scheme which allows taxpayers to calculate the VAT payable by applying a flat rate percentage to their VAT inclusive turnover, rather than netting off... Read Full Article...

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PAYE 3 days grace and risk based penalties to continue

HMRC have confirmed, in their updated guidance, that the three day easement and risk assessed approach to issuing penalties will continue to apply for 2016/17. As a result employers will not incur penalties for delays of up... Read Full Article...

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 June 2016. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The... Read Full Article...

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HMRC guidance for employers

The April Employer Bulletin includes articles on: reporting expenses and benefits in kind for 2015/16 using form P11D Scottish Rate of Income Tax coding notice issues Class 1 National Insurance contributions for apprentices under the age of... Read Full Article...

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Pensions Freedom Update

According to HMRC figures over 230,000 people have used the new pension freedoms introduced one year ago and accessed over £4.3 million in pensions saving. In April 2015, the government introduced significant pension reforms giving people the ability... Read Full Article...

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Savings allowance

A new savings allowance is available to basic and higher rate taxpayers for 2016/17. The amount available depends on the individual’s circumstances: If any of the individual’s income for the year is additional rate income then the... Read Full Article...

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