Banks reject cash LISA on launch

Posted in Blog, Interest Rates on April 7, 2017

A grand total of zero banks and building societies have opted to take up the Government’s new Lifetime ISA (LISA) cash accounts on the day of their launch, …
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HMRC consultation seeks views on flat rate mileage and fuel expenses

Posted in Blog, Business on April 6, 2017

Following Spring Budget 2017, HM Revenue & Customs (HMRC) has launched a new consultation into the taxation of employee expenses. The consultation …
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HMRC launch MTD pilot for “hundreds of thousands” of businesses

Posted in Blog on April 5, 2017

HM Revenue & Customs (HMRC) has launched its first Making Tax Digital (MTD) pilot, a system which will see the end of paper tax returns and the introduction …
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Last-minute study suggests worrying lack of awareness of IR35 reforms

Posted in Blog, Tax on April 4, 2017

Just days ahead of 6 April 2017, a new study has found that around half of agencies and public sector companies are yet to make preparations for imminent …
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‘True costs’ of Making Tax Digital still unclear, says Treasury Committee

Posted in Blog on March 28, 2017

The Treasury Committee has again called on HM Revenue & Customs (HMRC) to provide greater clarity on the true costs of Making Tax Digital (MTD) for …
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Fines of up to £3,000 for failure to comply with Making Tax Digital, says HMRC

Posted in Blog on March 22, 2017

Taxpayers who fail to use Making Tax Digital, the Government’s all-new digital tax system, will face fines of up to £3,000, according to a consultation …
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Consultation on late submission penalties for MTD

Posted in Blog on March 21, 2017

HM Revenue & Customs (HMRC) has opened a consultation on penalties for firms that either submit records late under the Making Tax Digital (MTD) scheme …
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One-year delay to MTD for small businesses ‘not enough’

Posted in Blog on March 16, 2017

Chancellor Philip Hammond announced in the recent Budget that plans to digitise tax returns for small businesses have been delayed until April 2019 but …
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HMRC defends Making Tax Digital timescale at House of Lords

Posted in Blog on February 23, 2017

Taxpayers, businesses and HM Revenue & Customs (HMRC) alike will “learn very quickly” from the Government’s year-long Making Tax Digital (MTD) …
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Making Tax Digital faces fresh criticism from House of Lords

Posted in Blog on February 8, 2017

The Government’s hotly-contested Making Tax Digital (MTD) project is now facing fresh criticism over its proposed £10,000 a year exemption threshold, …
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