HMRC

Making Tax Digital for VAT pilot open for business

A pilot for a new online VAT service has been launched, with HMRC inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019. Making Tax Digital for VAT aims to make it easier for businesses to manage their tax and aims to save them, and their agents, time which can

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Taxpayers could face bills for undeclared dividend income

Hundreds of thousands of taxpayers, including many pensioners, could end up being penalised for failing to report their dividend incomes for the past financial year because they have been told they do not have to fill in a tax return. If they fail to meet the deadline for revealing unreported income, they could face penalties of 100 per cent of

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HMRC Talking Points

HMRC’s regular Talking Points webinars provide information, guidance and tips to help you understand tax issue. Forthcoming ones include: Payrolling – tax employees benefits through payroll Wednesday 17 October, 11am to midday: Payrolling is designed to make it easier for employees to see that they are paying the right amount of tax and easier for your employer clients as they

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HMRC encouraging agents to report VAT fraud

Did you know you can report someone to HMRC if you think they’re committing VAT fraud – and you don’t have to give your name? You can report VAT fraud online or by telephone. The fraud hotline number is 0800 788 887 (lines open Monday to Sunday, 8am to 8pm). For your own safety, HMRC is advising that you don’t:

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Tax filing deadlines: October 2018 to May 2019

Here are the key HMRC filing deadlines from October 2018 to May 2019 including paper submissions of personal tax returns, corporation tax payment deadline for companies with 31 Dec 2017 year ends and Form P46(Car) filing date. 2018 October 14 – Corporation tax second quarterly instalment payment for accounting periods ending 31 Dec 2018 19 – PAYE cheque payments for

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880,000 VAT-registered businesses unprepared for MTD

New analysis from RSM suggests there could be as many as 880,000 VAT-registered businesses in the UK that are unprepared for new digital taxation rules that come into force from next April. Recently released statistics from the Office of National Statistics show that in March 2018 there were 2,669,440 VAT-registered businesses in the UK, up slightly on the previous year.

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HMRC puts focus on IHT take

A total of 5,400 investigations into Inheritance Tax (IHT) returns were launched by HMRC in 2017/18, up 5% from 5,100 the previous year, according to research by UHY Hacker Young. HMRC is treating IHT as an increasingly lucrative source of income. Rising asset prices such as property means that the amount of IHT at stake can be very substantial. If

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HMRC reminds self-employed of imminent deadline

Self-employed people who are preparing to submit a Self Assessment return for the first time must register by Friday 5 October, HMRC is warning. This means they can then complete their return by 31 January 2019. If taxpayers aren’t sure if they need to do a Self Assessment return they should go to the Self Assessment page on GOV.UK. HMRC is

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Government Gateway replacement: services that have moved

Services on the Government Gateway are gradually being moved to replacement systems. All services will have moved by March 2019. Some services have already moved and cannot be accessed from the Government Gateway. How you access them will depend on the service you’re trying to use. HMRC services Some HMRC services cannot be accessed from the Government Gateway. Find out

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