HMRC
Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
Aug 27, 2024
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid. If you or your ...
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Hiring graduates? Here’s what you need to know about payroll management
Aug 20, 2024
It is the time of year when the job market is populated with new graduates, fresh from receiving their university results, and a great time for your business to pick out a talented new hire. Hiring recent graduates is a great ...
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Is your business running a workplace nursery scheme? Key steps to remain tax compliant
Jul 23, 2024
HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes. Business owners must have a thorough understanding of the rules surrounding workplace nursery schemes to remain compliant and avoid running the ...
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Changing your VAT details? Remain vigilant over latest fraud activity
May 07, 2024
HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484. What’s happening? The form, used by business owners to change VAT registration details with HMRC if unable to do so ...
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Ahead of the 6 July deadline, remember that P11D rules are changing
Apr 23, 2024
If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC). This applies to benefits known as ‘benefits in kind’ (BIKs), ...
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What are the benefits of using the HMRC app?
Apr 11, 2024
The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions. Designed for convenience and efficiency, the app stands as a crucial resource for managing tax affairs. Upon ...
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Due a tax rebate? Keep an eye on your account
Apr 09, 2024
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment. From 8 April 2024, HMRC will no longer send ...
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Have you used your capital allowances this financial year?
Mar 19, 2024
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill. For business owners, there are a number of tax reliefs you ...
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HMRC U-turns on its double cab pickups tax decision
Feb 20, 2024
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) ...
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HMRC reminds restaurants and takeaways of VAT obligations on hot food
Dec 12, 2023
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food. This move comes amidst potential confusion amongst business owners regarding the varying VAT rates ...
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