June 2019

Data breach reports on rise after GDPR

Organisations operating in the UK are reporting data breaches in greater numbers than in many other parts of the EU, according to law firm Pinsent Masons. Figures provided to the firm show that, since the General Data Protection Regulation (GDPR) took effect in May 2018, the UK’s Information Commissioner’s Office (ICO) has received a monthly average of 1,276 data breach

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CVAs leave 850 empty shops

More than 850 stores totalling six million sq ft of retail space has become vacant as a result of company voluntary arrangements (CVAs) in the past 18 months, new data from commercial property agency Colliers International has found. The analysis, which looked at store closures from January 2018 to 4 June 2019, found that 872 stores had closed their doors

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Child benefit tax penalties refunded by HMRC

Almost 5,000 UK taxpayers have received refunds totalling £1.8m after HMRC opted to cancel ‘failure to notify’ penalties among those within the higher rate income tax threshold. Since 2013, small business owners and employed individuals earning more than £50,000 a year have been given the choice to opt out of receiving child benefit or risk facing a tax charge known

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HMRC Agent Update – Issue 72

HMRC’s Agent Update 72 is available now and contains a variety of articles and updates. There is an update on Making Tax Digital and information on income requirements for tax credit renewals. Other highlights include articles about: student/postgraduate loan notices VAT: building and construction services reverse charge disguised remuneration loan charge

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Making Tax Digital service scheduled maintenance

HMRC will be undertaking scheduled maintenance to the Making Tax Digital (MTD) services for both VAT and Income Tax Self Assessment (ITSA), in order to incorporate security updates. Businesses will be unable to use the MTD VAT and Income Tax services from 11.30pm on Saturday 15 June to 10.30am on Sunday 16 June. During these periods, users will be unable

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Law breaking employers targeted in new round of pension compliance checks

Employers who flout their automatic enrolment pension duties are being targeted with short-notice inspections by The Pensions Regulator (TPR). TPR is using data to pinpoint specific employers up and down the country who are suspected of breaking the law, including those who fail to put staff into a pension scheme or who make no, or incorrect, pension contributions. It is

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When is a van not a van?

A recent ruling that not all vans are vans for tax purposes and are actually cars could give thousands of van drivers and their employers higher tax bills, according to accounting and tax advisory firm Blick Rothenberg. In a recent tax case involving Coca-Cola, the Upper Tribunal (UT) has held that not all ‘vans’ (in the common sense use of

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Breakthrough in fight against HMRC phone fraudsters

New defensive controls deployed by HMRC have put an end to criminals spoofing the tax authority’s most recognisable helpline numbers. The fraudsters have increasingly mimicked legitimate HMRC helpline numbers (often beginning with 0300) in order to dupe taxpayers and steal money. There has been a huge increase in the number of reported phone scam. In 2018/19 there were 104,774 reports,

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HMRC updates advisory fuel rates for company car users

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2019. It has increased most mileage rates by 1p per mile to reflect higher fuel costs. The previous rates, effective March 2019, can be used for up to one month from the date the new rates apply. The rates only apply in the

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