Call for tax on social media businesses
Posted on Thursday, April 4th, 2019
A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report... Read Full Article...
Households with landlines should be vigilant
Posted on Wednesday, March 6th, 2019
Over recent years HMRC has increasingly cracked down on email and SMS phishing, and a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers. These calls are often made to... Read Full Article...
HMRC publish details of deliberate tax defaulters
Posted on Tuesday, February 12th, 2019
HMRC have updated the list of deliberate tax defaulters. The list contains details of taxpayers who have received penalties either for: deliberate errors in their tax returns deliberately failing to comply with their tax obligations HMRC may... Read Full Article...
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HMRC reminder to employees to claim their tax deductible expenses
Posted on Tuesday, February 12th, 2019
HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a... Read Full Article...
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Businesses urged to prepare for post-Brexit Customs Declarations
Posted on Tuesday, February 12th, 2019
HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains changes to Customs, Excise and VAT procedures... Read Full Article...
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MTD for VAT – pilot extended to all eligible businesses
Posted on Tuesday, February 12th, 2019
HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However,... Read Full Article...
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Phishing tax refund email targets university students
Posted on Thursday, December 6th, 2018
HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt to steal their banking and personal details using.ac.uk email addresses that look genuine, in... Read Full Article...
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180,500 new homeowners benefit from stamp duty tax relief
Posted on Thursday, December 6th, 2018
According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in November 2017 has saved eligible first-time buyers an estimated total amount of more than... Read Full Article...
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Leaving the EU with no deal
Posted on Thursday, December 6th, 2018
The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called ‘no deal’ Brexit. The guidance states: ‘The government does not want... Read Full Article...
Committee warns small businesses ‘could pay heavy price’ for MTD and latest ‘encouragement letters’
Posted on Thursday, December 6th, 2018
The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price‘ for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has ‘failed to adequately support small businesses‘ ahead of the introduction... Read Full Article...