Latest News

HMRC crackdown on scam websites saves £2.4m

HMRC has saved the public over £2.4m by tackling fraudsters that trick the public into using premium rate phone numbers for services that HMRC provide for free. These scammers create websites that look similar to HMRC’s official site and then direct the public to call numbers with extortionate costs. These sites promote non-HMRC premium rate phone numbers as a means

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HMRC updates guidance on corporation tax penalty and income tax losses

HMRC have updated guidance on corporation tax penalty determinations to better explain who to write to when appealing. ‘Corporation Tax: penalty determinations – (CT211 Notes)’ gives general information about penalty determinations and explains that HMRC will issue a penalty determination using form CT211 when their records show that a company has failed to deliver its return, or returns, by the

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A day a week?

How long do you think you are spending online? An Ofcom study found that adults spend an average of one whole day a week online. Weekly internet use rose from 22.9 hours in 2016 to 24 hours last year. Some 10 years ago we were spending 12.1 hours a week online. The study also found that the average UK adult

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HMRC update: changes to forms 64-8 and SA1

As an Agent you may have dealt with clients who have been seconded to work in the UK. HMRC has released information about some procedural changes that have taken place within the organisation. The principle changes are where the individual has a full National Insurance number, in these cases where you wish to submit a 64-8 or SA1 these should

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There’s a badge for that

The Girl Guides have teamed up with insurer Legal & General to create a new ‘Saver’ badge, which is designed to help promote financial literacy among young girls and women. Some of the skills required to earn the Saver badge will include managing cash efficiency, balancing daily and weekly spending and putting money away for a rainy day. The new

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Beware bogus email scam

Customers are advised to look out for a new bogus email scam, claiming to be from HMRC. If you receive an email with a subject that reads: “You have received new messages from HMRC”, that also has an attachment, send it to phishing@hmrc.gsi.gov.uk and then delete it. HMRC will never ask for any personal or financial details over emails or

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‘Hotter years mean lower exam results’

In years with hotter weather pupils are likely to perform less well in exams, according to new research, who have found a ‘significant’ link between higher temperatures and lower academic achievement. An analysis of test scores of 10 million students over 13 years shows hot weather has a negative impact on results. The study, entitled ‘Heat and Learning’, suggested that

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Number of serious tax evasion cases on the rise

The number of serious tax evasion cases has jumped 18% in the past year to 3,809, up from 3,216 in 2016/17, driven by the information HMRC has received under the common reporting standard (CRS). The common reporting standard allows the Revenue to receive information about UK residents with offshore bank accounts. HMRC’s ability to identify tax evasion cases will be

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HMRC Talking Points sessions – June and July 2018

HMRC’s regular Talking Points meetings provide ongoing information, guidance and tips, helping you to understand tax issues. Please find further details of future scheduled online meetings below: How we tax waste is changing. Those previously not liable to Landfill Tax may now be under new legislation: New legislation introduced with effect from April 2018 has fundamentally changed the scope of the

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