HMRC

HMRC Talking Points

HMRC’s regular Talking Points webinars provide information, guidance and tips to help you understand tax issues. Forthcoming ones include: PAYE Expenses & Benefits (P11D): This webinar has been designed to provide examples of the most common entries on the end-of-year expenses and benefits return. HMRC subject matter experts will be online during the webinar to take your questions. Thursday 20 June

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HMRC to increase VAT on solar panels

The government is to increase the VAT rate for solar panels from 5% to 20%, the Independent newspaper has reported, describing it as a “a huge hike considering that Parliament has recently declared an environment and climate change emergency”. Other materials for renewable energy and battery storage products will also be subjected to the same VAT hike. Fossil fuels including

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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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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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Restaurant fraudster caught by own secret books

The owner of a Derbyshire restaurant has been jailed for three years for a £480,000 tax fraud that was discovered when investigators uncovered a hidden sales book dating back five years. Nazrul Islam, 52, from Birmingham, hid sales in a bid to evade nearly £480,000 of tax payments at his Repton-based restaurant, an investigation by HMRC revealed. Islam was arrested

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