HMRC collects more than £30 billion worth of extra tax in last financial year

Posted in Latest News on August 6, 2018

New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – …
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MTD for VAT clarified in new communication from HMRC

Posted in Latest News on August 6, 2018

HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses …
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More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms

Posted in Latest News on August 6, 2018

HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) …
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Taxpayers warned of Requirement to Correct as deadline approaches

Posted in Latest News on August 6, 2018

Taxpayers with undeclared offshore tax liabilities, including Income Tax, Capital Gains Tax or Inheritance Tax, are obligated to disclose these liabilities …
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Reminder on changes to Corporation Tax notices

Posted in Latest News on August 6, 2018

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax. …
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What happens if I would like to invest in property?

Posted in Latest News on July 4, 2018

The UK’s property market has traditionally always been considered a stable and sensible place to invest your money, regardless of whether you are an …
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Building contractors will have to comply with complex new VAT rules

Posted in Latest News on July 3, 2018

Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. From 1 October 2019, …
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More than two-fifths of small business owners are still unaware of MTD

Posted in Latest News on July 3, 2018

According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared …
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A quarter of dads may be missing out on paternity pay, according to a new report

Posted in Latest News on July 3, 2018

The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may …
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Professionals call on Treasury not to lower VAT threshold before MTD and Brexit

Posted in Latest News on July 3, 2018

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT …
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