HMRC

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,

Read more

Read more

Covid-19: HMRC advice on self-employment support scheme

HMRC has issued guidance on how it works out total income and trading profits for the Self-employment Income Support Scheme. It will assess eligibility for the grant based on total income and trading profits, and the guide details how this is calculated. To be eligible for the scheme applicants must have trading profits of no more than £50,000 which make

Read more

Read more

HMTC webinars focus on Coronavirus Job Retention Scheme

HMRC is hosting a series of webinars explaining how companies can claim online for a grant for 80% of furloughed employees’ salaries through the Coronavirus Job Retention Scheme. The live webinar provides a step-by-step guide on how to make a claim through the scheme. Those wanting to participate can book a time slot via the HMRC website, at https://tinyurl.com/yddoqrac. The

Read more

Read more

HMRC issues advice on new CGT rules

HMRC has produced a fact sheet on the Capital Gains Tax 30-days reporting and payment obligations for UK residents disposing of residential property and for non-UK residents disposing of UK land from 6 April 2020. So what happens if a vendor doesn’t tell HMRC about the Capital Gain on a UK residential property within 30 days and there is a

Read more

Read more

Consultation on HMRC Charter now open

HMRC is to update its charter, which sets out the standards of behaviour and values that it aspires to when interacting with taxpayers. The consultation on it runs until 15 May. This extract was taken from HMRC’s website HMRC deals with the tax and payments affairs of almost every business and individual in the UK. HMRC’s Charter is a legal

Read more

Read more

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

Read more

Read more

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.

Read more

Read more

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

Read more

Read more

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

Read more

Read more