HMRC

HMRC Time To Pay

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay (TTP) service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. Those concerned about being able to pay their tax due to COVID-19 should contact

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Deferral of VAT payments as a result of COVID-19

The Chancellor announced a VAT payments deferral on 20 March to support businesses with cashflow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 30 June. Businesses have until 31 March 2021 to pay any VAT deferred as a result of this announcement.

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Savers encouraged to join Help to Save scheme

Around 163,000 people have signed up to the government’s Help to Save saving scheme – depositing more than £53 million, HMRC has said. Help to Save offers working people on low incomes a 50% bonus, rewarding savers with 50p for every £1 saved. Over 4 years, a maximum bonus of £1,200 is available on savings of up to £2,400. The

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Events to help you get ready for Brexit

Departments across government are holding events to help your business get ready for Brexit. After Brexit there will be changes that affect businesses and hauliers across the UK. Make sure you are prepared for them, particularly if your business: imports goods exports goods receives personal data exports services LOCAL BUSINESS READINESS EVENTS The Department for Business is holding a series

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Businesses ‘need urgent clarity on off-payroll change’

The Association of Taxation Technicians (ATT) is calling for greater clarity on next April’s changes to the off-payroll rules. From April 2020, the off-payroll rules that already apply to contractors engaged in the public sector will be extended to the private sector. This will shift responsibility for determining whether an engagement falls within the off-payroll rules from the worker’s personal

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HMRC Talking Points

HMRC’s regular Talking Points provide ongoing information, guidance and tips to help you to understand tax issues. Here’s a selection of some of the Talking Points webinars coming up. There are a limited number of spaces, so you are advised to book your place early. New VAT reverse charge for construction services: Do you have clients who provide building services?

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HMRC calls on universities to protect students from tax scams

Students starting university this month could be the likely targets of a fresh wave of tax scams, HMRC is warning. The Revenue is writing to UK universities advising them to warn new students about tax scams sent by fraudsters looking to steal students’ money and personal details. Over 620,000 tax-related email scams were reported to HMRC last year – up

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Government’s insolvency priorities switch ‘will harm UK economy’

Government plans to prioritise payments of debt to HMRC over repayments to other creditors in insolvency cases have been slammed by leading industry figures, who say the move “will have serious consequences for the UK economy”. In a letter to Chancellor Sajid Javid, signed by among others representatives from R3, ACCA, ICAS, ICAEW and the Insolvency Practitioners Association, the government

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Getting ready for Brexit – update

The Government has said the UK will be leaving the EU on 31 October. Leaving the EU without a deal means there will be immediate changes to the way UK businesses trade with the EU that may impact your business, your clients’ businesses or the business you work for. HMRC has started writing to VAT registered business to let them

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