HMRC

Deadline looming for CJRS claims

HMRC is writing to agents to remind them that Coronavirus Job Retention Scheme (CJRS) claims for December must be submitted no later than Thursday 14 January. Claims can be made before, during or after you process your payroll, but HMRC is advising that “it’s best to make a claim once you’re sure of the exact number of hours your employees

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Christmas Day is tax return day!

More than 2,700 customers filed their self-assessment tax return on Christmas Day, according to the latest stats from HMRC. The peak time for completing tax returns was 2pm to 2.59pm, with more than 200 customers pressing ‘send’ on their online form. The self-assessment deadline is 31 January 2021, and HMRC has not heeded the call for it to extend the

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New HMRC Charter published

HMRC has published its following a full public consultation. The Charter sets out the standards and behaviours taxpayers can expect from the Revenue, and what it expects from taxpayers. HMRC said: “The standards in the Charter explain how we will get things right, make it easy for our customers, be fair, responsive and aware of their personal situations. “Information on

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HMRC issues yet another scam warning

Self assessment taxpayers should be alert to criminals claiming to be from HMRC. As the department issues thousands of SMS messages and emails as part of its annual tax return push, the Revenue is warning customers completing their returns to take care to avoid being caught out by scammers. HMRC said the fraudsters use calls, emails or texts to contact

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HMRC increases scrutiny on suspected tax dodgers

The number of people on HMRC’s tax evasion watch list jumped 30% to 4,800 last year, up from 3,700 the year before, research from UHY Hacker Young has found. Individuals suspected of avoiding or evading tax can be placed on HMRC’s ‘Managing Serious Defaulters’ programme. The programme aims to stop serious tax evaders and avoiders by monitoring their tax affairs

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HMRC issues tax scams warning to students

Students who started university this year are being warned by HMRC that they are being targeted by a fresh wave of online tax scams. With universities taking a blended approach to online and face-to-face tuition this year, and an increase in remote working due to the pandemic, students could be left particularly exposed to the work of fraudsters, says HMRC.

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HMRC guidance on trading with the EU in 2021

HMRC is contacting businesses that move goods between Great Britain and the European Union to explain what they need to do to be able to trade with the EU from 1 January 2021. Businesses that import and export between GB and the EU need to prepare now for that new procedures for moving goods to and from the EU from

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Self assessment taxpayers can spread the cost of tax bills

Self assessment taxpayers can apply online for additional support to help spread the cost of their tax bill into monthly payments without the need to call HMRC. From 1 October, the online payment plan service can already be used to set up instalment arrangements for paying tax liabilities up to £10,000. HMRC has increased the threshold to £30,000 to help

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Advice for firms over-claiming furlough funding

HMRC is stressing the importance of companies continuing to check each of their CJRS claims is accurate before submitting it. And it is also recommending they check previous claims to avoid any penalties for claiming too much. If a company has claimed too much CJRS grant, and has not repaid it, then it must notify HMRC and repay the money

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