UK Budget date announced: Monday 29 October
Posted on Wednesday, October 3rd, 2018
The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October. Breaking with the tradition of a Wednesday in November, perhaps in a bid to avoid the ongoing Brexit... Read Full Article...
HMRC warning: time to declare offshore assets
Posted on Wednesday, October 3rd, 2018
HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force. HMRC is urging UK taxpayers to come forward and declare... Read Full Article...
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HMRC identify record £15.6 million minimum wage underpayments
Posted on Wednesday, October 3rd, 2018
HMRC has announced that they achieved record enforcement results this year, identifying £15.6million of minimum wage underpayments. The number of workers identified as underpaid was double that in 2016/17 and the highest number since the National Minimum... Read Full Article...
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Genuine HMRC contact and recognising phishing emails and texts
Posted on Wednesday, October 3rd, 2018
HMRC has updated their guidance on how to recognise when contact from HMRC is genuine and how to recognise phishing or bogus emails and text messages. Internet link: GOV.UK recognising phishing emails
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Deadline for ‘paper’ self assessment tax returns
Posted on Wednesday, October 3rd, 2018
For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Returns submitted after that date must be submitted electronically or they will incur a minimum... Read Full Article...
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‘No deal’ Brexit guidance and small business survey
Posted on Wednesday, October 3rd, 2018
Following the issue of some ‘no deal’ Brexit technical notices, in August, the government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not... Read Full Article...
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Self-employed Class 2 National Insurance will not be scrapped
Posted on Wednesday, October 3rd, 2018
The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019. Class 2 NICs are currently paid at a rate of £2.95 per week by self-employed individuals with... Read Full Article...
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HMRC has published an updated list of deliberate tax defaulters
Posted on Wednesday, October 3rd, 2018
HMRC has published an updated list of deliberate tax defaulters. The list includes details of taxpayers who have incurred a penalty because they have either: deliberately provided one or more inaccurate documents to HMRC deliberately failed to... Read Full Article...
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‘No deal’ Brexit guidance
Posted on Wednesday, October 3rd, 2018
The government has issued some ‘no deal’ Brexit technical notices, with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised. The government has published the first... Read Full Article...
New and improved ISIS Accountants taxapp!
Posted on Tuesday, August 14th, 2018
We are proud to introduce the new and improved ISIS Accountants taxapp! Our taxapp has changed to a more modern and progressive web application, providing the same great features as our previous app. At ISIS Accountants, we... Read Full Article...