HMRC

VAT

VAT receipts rise to record £133 billion

Dec 02, 2019

The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors. The latest figures from HM Revenue & Customs (HMRC) indicate that revenue has increased ...

READ MORE
shutterstock_1019116399

Fall in number of arrests for tax evasion

Nov 28, 2019

According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years. The figures obtained by law firm RPC revealed that there were 782 arrests made during 2018/19, ...

READ MORE
shutterstock_653550064

HMRC’s five money-saving tips

Nov 11, 2019

HM Revenue and Customs (HMRC) has highlighted five money-saving tips to help boost your finances. First-Time Buyers’ Relief If you are a first-time buyer you can claim First-Time Buyers Relief on your property purchase made on or after 22 November 2017. This means that you ...

READ MORE
shutterstock_413005750

Universities warned that students are vulnerable to tax scams

Sep 30, 2019

With universities across the UK welcoming new and returning students, HM Revenue & Customs (HMRC) has issued a warning about tax scams. The move has been prompted by fears that fraudsters are using what appear to be legitimate university email addresses, ...

READ MORE
shutterstock_767539465

120,000 businesses failed to meet the Making Tax Digital deadline

Sep 16, 2019

HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service. Figures suggest that 490,000 VAT-registered businesses with ...

READ MORE
shutterstock_676666975

Government to allocate trading numbers to more than 88,000 UK firms ahead of Brexit

Aug 22, 2019

Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system. As a result, this will enable UK businesses to continue to trade with European Union (EU) members after the ...

READ MORE
shutterstock_289393256

HMRC investigates a quarter of estates that pay IHT

Jul 25, 2019

In the 2018 to 2019 tax year, HMRC opened 5,537 inheritance tax (IHT) investigations, which equated to almost a quarter (23 per cent) of the 22,000 estates on which the tax is applicable. IHT is levied at a rate of 40 ...

READ MORE
shutterstock_1014247792

HMRC defeated in latest high profile IR35 case

Jul 15, 2019

A radio presenter has become the latest high profile person to win an IR35 tribunal case against HM Revenue & Customs (HMRC). The latest case involved Paul Hawksbee, a presenter on Talksport radio, who appealed an IR35 determination over a £140,000 ...

READ MORE
shutterstock_425462080

HMRC issue incorrect CGT allowance to thousands of taxpayers

Jul 01, 2019

HM Revenue and Customs (HMRC) has recently issued nearly 350,000 incorrect short tax returns, indicating an error in taxpayers’ capital gains allowance. CGT is payable on the overall gain from the sale of an asset such as a business, second home, ...

READ MORE
shutterstock_1250197345

Is your business compliant with the Making Tax Digital rules?

Jun 24, 2019

According to new research, thousands of UK businesses could find themselves under scrutiny from HM Revenue & Customs (HMRC) for failing to follow new rules on keeping digital records. Under the new called Making Tax Digital (MTD) initiative, more than one ...

READ MORE

© Walker Begley 2016. All rights reserved. Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. WB Financial Management Ltd is an appointed representative of LJ Financial Planning Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales no. 5280582

  • Privacy
  • Terms & Conditions
  • VAT number: 107 1775 25
  • The information required by the ‘Provision of Services Regulations’ is on display at our office.