HMRC

HMRC webinars focus on Covid-19 help schemes

HMRC is running a series of live webinars for those wanting to find out more about the changes to the Coronavirus Job Retention Scheme. The webinar, ‘Extension to the Coronavirus Job Retention Scheme and flexible furloughing’, will cover: an overview of changes to the scheme, including how businesses can now bring previously furloughed employees back to work. an introduction to

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Complaints to HMRC jump 19%

The number of complaints to HMRC jumped 19% to 6,437 in May, up from 5,410 in the previous month, according to research by UHY Hacker Young. It also found that wait times on HMRC’s customer helplines have also worsened. The average speed of answer was 14:59 minutes in May, increasing 22% from 12:17 minutes in April and 123% from 6:43

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Tax credits: 31 July deadline looms

People claiming tax credits must tell HMRC about any changes to their circumstances or income by 31 July. In a statement the revenue said: “Renewing tax credits online is quick and easy. Customers can log onto GOV.UK to check the progress of their renewal, be reassured that it’s being processed, and know when they will hear back from HMRC. “While

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Get ready for the end of the VAT deferral scheme

HMRC has written to agents to remind them that the VAT deferral scheme ends in its current form on 30 June. This means businesses need to set up cancelled direct debits in enough time for HMRC to take payment; submit VAT returns as normal and on time; and pay the VAT in full on payments due after 30 June. In

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Targeted investigations reap benefit for HMRC

HMRC investigators have collected an extra £540 million from industries such as adult entertainment, dog breeders, and the Lake District holiday industry, according to the latest analysis from Pinsent Masons. That figure was just £138.1m in 2014-15. There are currently some 209 special task forces actively investigation taxpayers, and while HMRC does not reveal the full list, it does indicate

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Extension to time to appeal against a tax decision

HMRC is giving businesses and individuals who want to appeal a tax decision an extra three months to lodge the appeal. The extension applies for business affected by Covid-19 for any decision dated February 2020 or later. HMRC will contact by letter those eligible to apply for the extra time. They must then contact HMRC with: their name or business

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Firms can now defer AML supervision fee

Companies can now get a payment deferral or de-register from money laundering supervision due to Covid-19, the government has announced. If you are a business with an annual money laundering supervision fee due between 1 May and 30 September 2020 you may be able to: take a payment deferral for six months from the date it is due. de-register if

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Government updates advice of scheme for self-employed

HMRC has started to contact people who may be eligible for the new Self-Employment Income Support Scheme (SEISS). If they are eligible, this scheme will allow them to claim a taxable grant worth 80% of their trading profits up to a maximum of £7,500. In an email to agents HMRC said: “The process is quick and easy for your clients

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HMRC warns on increasing number of scams

HMRC is warning of an increase in scam emails, calls and texts. In a statement it said: “If someone gets in touch with your clients claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks them to click on a link or to give information such as their name,

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