Scam HMRC call reports drop by 97%
Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority. According to HMRC, reports of scammers impersonating HMRC…
Blog Posts
Consumer group urges taxpayers to avoid using refund firms to claim tax rebates
Consumer group Which? has urged taxpayers to avoid using so-called ‘refund firms’ to claim tax rebates. Which? stated that people are losing hundreds of pounds by using third-party companies to…
Claims portal reopens for Statutory Sick Pay Rebate Scheme
HMRC has reopened a claims portal for small employers to again claim refunds for coronavirus (COVID-19)-related sick pay. The reopening follows the announcement of the reintroduction of the Statutory Sick…
Government scheme gives discounts of up to £5,000 on accounting software
The government’s Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – is now open for applications. Under the scheme, eligible businesses can now receive…
No ‘convincing case’ for digital UK currency, says House of Lords committee
Creating an official digital currency in the UK could pose significant risks to the financial stability of banks, a House of Lords committee has warned. The Lords Economic Affairs Committee said…
COVID-19 support grants paid to companies must be included on company tax returns
HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable. The deadline…
National insurance rise ‘set to squeeze budgets’, warns CBI
The Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets and affect economic growth. The rise will see employers, employees…
Chancellor announces £1 billion fund for businesses
On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm. Mr Sunak said the government…
Over 440,000 small firms at risk due to late payment crisis
More than 440,000 small firms could be forced out of business by the late payment crisis, according to the Federation of Small Businesses (FSB). An FSB study of more than 1,200 business owners…
HMRC latest guidance for employers
HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: reporting PAYE information in real time when payments are made…
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