HMRC urges taxpayers to stay alert to digital scams
HMRC has urged taxpayers to stay alert to the threat of digital scams and scammers claiming to represent HMRC. Research published by HMRC revealed that the number of tax-related scams…
Digital marketplaces to report sellers’ incomes from 2023
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD). In February 2020,…
Claiming the fifth self-employed Income Support Scheme (SEISS) grant
HMRC has issued guidance on claiming the fifth and final self-employed Income Support Scheme (SEISS) grant. Unlike previous SEISS grants the amount of the fifth grant available is determined by…
Consultation launched on self-employed basis period reform
HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed. The consultation seeks to gather views on how best to implement a…
Don’t forget your 31 July Payment on Account!
Don’t forget your 31 July Payment on Account! If you are required to make payments on account towards your 2020/21 tax liability, the second payment on account is due…
Property tax changes
From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property. SDLT is payable by the purchaser in…
Forms P11D – reporting employee benefits
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by…
HMRC Personal Tax Account and your State Pension
There are many benefits to setting up your Personal Tax Account (PTA) and in particular, the ability to check your State Pension position. You can set up your PTA using…
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