Tax

HMRC confirms supplier statements are acceptable for MTD

HMRC has stated that it is happy to accept totals from supplier statements for Making Tax Digital for VAT (MTDfV) purposes, according to the Association of Accounting Technicians. “Despite the pervading gloom that generally appears around the time of any change in the way that we interact with HMRC, it’s great that common sense has won out this time,” said

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Number of landlords admitting to avoiding tax up by 145% in a year

The number of UK buy-to-let landlords admitting to not paying tax on their rental income has risen by 145% over the past year, increasing to 16,110 in 2018/19 from 6,600 in 2017/18, according to research from UHY Hacker Young. The total amount of additional tax collected by HMRC from buy-to-let landlords admitting to unpaid tax on their rental income has

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HMRC: Signing up to Agent Services Account and Making Tax Digital

HMRC has made some improvements to the Agent Services Account (ASA). The ASA allows Agents to act on behalf of their clients for Making Tax Digital. The changes are as follows: You are now able to track the status of authorisation requests made in the last 30 days – this is where an agent has used the new digital authorisation

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Scheduled maintenance to the Making Tax Digital Service

HMRC will be undertaking some scheduled maintenance to the Making Tax Digital (MTD) VAT service later this month. As a result, the service will be temporarily closed from Saturday 13 July from 7.30pm to 8.30pm and Sunday 14 July from midnight to 2.00am. During these periods, users may experience some intermittent disruptions to both the VAT and ITSA services. If

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Hard Brexit could mean UK nationals lose personal tax allowance

Thousands of UK nationals living overseas and regarded as non-resident in the UK for the whole of a UK tax year could lose their entitlement to the UK personal allowance if there is a hard Brexit as they would no longer be an EU/EEA national. Robert Salter, a specialist in expatriate and employment taxes at tax advisory firm Blick Rothenberg,

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Long waits for MTD VAT helpline advice slammed by MPs

MPs have criticised HMRC for the long wait times experienced by taxpayers looking to get through to Making Tax Digital for VAT (MTD for VAT) helplines. Many taxpayers have reported that they have been kept waiting on the phone for long periods of time when seeking help in regard to MTD for VAT. Others stated that they have been cut

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VAT Certificates under Making Tax Digital

The vast majority of businesses that have signed up (or have been signed up by an agent) to Making Tax Digital are now able to view their VAT Certificate in their Business Tax Account (HMRC online services). The functionality for agents to access this information will be delivered in August, in the meantime they should call the HMRC VAT helpline

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Making Tax Digital – Direct Debit payments

HMRC is aware a small number of businesses that pay their VAT by Direct Debit and have signed up to Making Tax Digital (MTD) have not had their last non-MTD payment collected. HMRC is rectifying the situation as a matter of priority and expect to have collected all outstanding payments by 22 July. If a business has not had their

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When no tax demand spells trouble

Rather than cheer the lack of an expected tax bill this summer, the Association of Taxation Technicians (ATT) is warning such people to brace themselves for bad news from HMRC after Christmas. This is because problems with HMRC’s systems earlier this year will mean that some people may not receive the tax demands they expect by the end of July.

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