MTD for VAT penalties and reporting requirements
Posted by Mark Ingle on July 3, 2024Since April 2022, all VAT registered businesses have had to comply with MTD for VAT. We look at the MTD for VAT penalties for non-compliance?
VAT rules on carbon credits to change
Posted by Mark Ingle on July 1, 2024From September 2024, the VAT rules that apply to voluntary carbon credits will change. We explain what you need to know.
HMRC fines 95,000 people who don’t owe tax
Posted by Jon Pryse-Jones on June 27, 2024HMRC has fined 95,000 people, even though they don’t owe tax. We explain how to avoid this happening to you.
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.
VAT registration problems? You’re not alone
Posted by Mark Ingle on June 6, 2024If you’ve experienced VAT registration problems, you’re not alone. HMRC turns down thousands of applications each year.
Tax Rebate Companies in HMRC’s sights
Posted by Jon Pryse-Jones on June 5, 2024Tax rebate companies promise refunds – but often take a huge slice of what you’re owed. HMRC is now seeking views on repayment agents.
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.
Gifts and Inheritance Tax: don’t fall foul of the rules!
Posted by Ian Henman on May 10, 2024Do you understand the complex rules governing gifts and Inheritance Tax? If not, HMRC could easily hit you with an unexpectedly high IHT bill.
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.
