Charities and VAT: HMRC and definition of ‘business activity’
Posted by Karen Jones on June 28, 2024HMRC changed the way it defines ‘business activities’ sometime ago. This could have implications for organisations, charities and VAT liability.
MTD for ITSA update
Posted by Karen Jones on June 21, 2024MTD for ITSA will apply to sole trader businesses and individuals with income over £50,000 from April 2026.
HMRC enforcing Business Asset Disposal Relief limit
Posted by Karen Jones on June 17, 2024HMRC is telling people who have claimed more than the £1m Business Asset Disposal Relief lifetime limit to amend their tax returns.
IFS launches report on UK tax record
Posted by Karen Jones on June 13, 2024The Institute for Fiscal Studies released a report on the UK’s tax record since 2010. We look at the key points and what they mean.
What’s in the Finance Act 2024?
Posted by Karen Jones on June 10, 2024The Finance Act (No. 2) 2024 recently passed into law. We look at the measures that made it into the legislation – and some that didn’t.
HMRC issues rollover relief warning
Posted by Karen Jones on May 30, 2024HMRC is writing to taxpayers who have claimed provisional rollover relief but have not yet submitted a valid, full claim.
HMRC penalties on the rise – don’t get caught out
Posted by Karen Jones on May 29, 2024The taxman is stepping up his investigations and HMRC penalties are on the rise. We explain how to avoid getting hit by these unwelcome bills
Holiday home tax crackdown
Posted by Karen Jones on May 20, 2024HMRC is currently undertaking a holiday home tax crackdown, opening investigations into owners it believes aren’t paying the correct taxes.
HMRC incorrectly refunds Class 2 NIC payments
Posted by Karen Jones on May 2, 2024A glitch in HMRC’s systems has seen some Class 2 NIC payments wrongly refunded . Also, HMRC launches a new National Insurance online service.
VAT news – a Spring roundup
Posted by Karen Jones on April 22, 2024In this blog we cover the latest VAT news, from changing registration thresholds to the final say on whether a marshmallow is VAT rated!
