Latest News

Finalists announced for IAB Awards

The finalists for the IAB awards have been announced. Congratulations to everyone who was nominated or who entered and to those who have been shortlisted. A full list of the finalists can be found here: https://www.iab.org.uk/awards/shortlisted-nominees/. The winners will be announced during an awards reception at the House of Commons on Thursday 6th December. During the event the achievements of the

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Change to Government Gateway update weekend

Changes to the Government Gateway are set to take place over the weekend 17–18 November, with normal service to be resumed on 19 November 2018. This will mean some Agent Services will not be accessible during this period. HMRC originally planned for the changes to take place over the first weekend of November. A spokesman said: “It has been necessary to

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Accountancy giant re-jigs recruitment process

EY is removing the conventional ‘one-to-one’ final interview and will instead conclude its recruitment process with an ‘assessment event’. The Big Four firm said that the change will help to provide a more rounded view of each candidate and boost diversity among its new recruits. EY also stressed the process from application to job offer will be much quicker –

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HMRC to issue thousands of pounds of refunds for historic Child Benefit penalties

HMRC will be issuing thousands of pounds of refunds to taxpayers who unknowingly failed to notify HMRC that they were liable to the Child Benefit charge, and as a result, received a penalty, according to accountants Blick Rothenberg. Nimesh Shah, a partner at the firm, said: “HMRC will be reviewing cases going back to 2013 and will issue refunds where

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Stamp duty land tax payment period halved from March 2019

Commercial and residential property owners need to be aware the government is reducing the amount of time allowed to pay stamp duty land tax from 2019. The payment window for SDLT and for completion of tax returns is being cut from 30 days to 14 days, and will apply from 1 March 2019. This is earlier than the start of

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Accountant fined for breaking pension enrolment rules

An accountant working for a London cafe has been ordered to pay £6,857 after he admitted falsely claiming to The Pensions Regulator (TPR) that staff had been enrolled into pensions. It is the first time that TPR has prosecuted a third party, working on behalf of an employer, for this offence. Gran Caffe Londra in Knightsbridge, run by Primadell Ltd,

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HMRC sending out letters to businesses affected by MTD for VAT

Now that HMRC has entered the public beta element of the Making Tax Digital pilot for VAT they have begun to send letters to businesses impacted by the changes to inform them of their obligations. The initial wave of letters will be sent to 200,000 businesses who are currently eligible to join the pilot.  HMRC expect the first 20,000 letters

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Outcome of consultation on addressing non-compliance with the off-payroll working rules in the private sector

In the Budget the Chancellor announced the outcome of the recent consultation on addressing non-compliance with the off-payroll working rules in the private sector. The off-payroll working rules (commonly known as IR35) ensure that individuals who work like employees pay broadly the same employment taxes as directly engaged employees, even where they work through their own personal service company. From

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Court hands recruitment firm largest fine and first custodial sentences to follow a TPR prosecution

A national recruitment agency, its directors and senior staff have been ordered to pay more than £280,000 for plotting to illegally opt temporary workers out of their pension scheme. The prosecution of Derby-based Workchain Ltd and its staff has led to the largest fine and first custodial sentences for a case brought by The Pensions Regulator (TPR). Owners and directors

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