Tax
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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Making Tax Digital VAT service progress update
HMRC has provided a further update on the rollout of Making Tax Digital (MTD) for VAT. Below are the headlines of recent weeks and information on what is planned for the coming weeks. As August drew to a close over a million VAT businesses had signed up to MTD and submissions for the first time exceeded the number of sign-ups.
Read more HMRC – Brexit Agent Update
HMRC’s Agent Update – Brexit Edition is now available, it features: Brexit communications resources grants for businesses completing customs declarations HMRC Brexit webinars changes for UK employers sending workers to the EU, the EEA or Switzerland Transitional Simplified Procedures merchandise in baggage claims for VAT on business expenses after Brexit To view this edition please click here.
Read more Scheduled maintenance to the Making Tax Digital Service
HMRC will be undertaking scheduled maintenance to the Making Tax Digital (MTD) VAT service from Saturday 21 September at 16:00 until Monday 23 September at 16:00, during which time the MTD service for VAT will be closed. During this period, customers and their agents will be unable to: Sign up for Making Tax Digital for VAT, Create an Agent services account
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Self-employed owed £1.6bn in late tax payments last year
Self-employed individuals owed £1.6bn in late tax payments to HMRC last year, with the figure expected to rise even further once more self-assessment returns for 2017/18 have been submitted. The value of tax owed by those who have missed the payment deadline has been rising for the last three years, according to UHY Hacker Young. The figure rose 4% to
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