Contractors Monthly Returns

From April 2016 changes have been made to the Construction Industry Scheme (CIS). Part of the reforms were that contractors must file their monthly returns online. HMRC have introduced a number of improvements to the CIS online... Read Full Article...

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Banks and charities urged to do more to protect scam victims

The Chartered Trading Standards Institute (CTSI) has called for banks and charities to take greater responsibility for those who may be vulnerable to scams. The CTSI commissioned a report from Bournemouth University’s National Centre for Post Qualifying Social... Read Full Article...

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UK set to leave the EU

With the referendum votes counted and the United Kingdom vote to exit the European Union there will be many issues to consider. The CBI commented on the result of the referendum. Carolyn Fairbairn, CBI Director-General, said: ‘The... Read Full Article...

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Labour market statistics

The latest ONS labour market statistics show a 55,000 rise in employment in the three months to April 2016. The Office for National Statistics has announced that: ‘Between the 3 months to January 2016 and February to April... Read Full Article...

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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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