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…
Categories
Money Laundering non-compliance
HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. HMRC is also…
Experts warning over insolvency debts
Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued…
HMRC collects record amounts of IHT
The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year. The increase comes on the back of a…
VAT domestic reverse charge for building and construction services delayed
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on…
Power of Attorney refund scheme
Refunds are being offered to donors who may have been charged more than was necessary by the Office of the Public Guardian to apply to register Lasting or Enduring Powers…
HMRC advice – prepare for no deal
HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to prepare now and take steps to ensure…
Tax efficient investments ahead of the tax year end
With the end of the tax year looming there is still time to save tax for 2018/19. Make full use of your ISA allowance – ISAs can offer a useful…
Making Tax Digital for VAT – deadline approaches
Making Tax Digital for VAT has been set up by HMRC to make calculating and submitting VAT returns quicker, easier and more transparent. HMRC estimate that in 2016-17, there was…
Households with landlines should be vigilant
Over recent years HMRC has increasingly cracked down on email and SMS phishing, a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers….
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