HMRC
MTD for Income Tax delayed until April 2024, HMRC confirms
Sep 27, 2021
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed. It means self-employed business owners and landlords will have one more year to prepare for the digitalisation of Self Assessment. According to HM Revenue & ...
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CHIEF service to close from March 2023, Government reveals
Aug 05, 2021
The Customs Handling of Import and Export Freight (CHIEF) system will be replaced by a single unified customs service from March 2023, it has been announced. HM Revenue & Customs (HMRC) said its replacement, known as the Customs Declaration Service (CDS), ...
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Increasing number of taxpayers targeted with threatening tax scams, HMRC warns
Mar 18, 2021
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. The warning comes after a significant number of “concerned individuals” contacted the offices of HM Courts and Tribunals Service (HMCTS) ...
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HMRC announces light touch approach to IR35 errors in first 12 months
Feb 18, 2021
Businesses will not be penalised for errors relating to IR35 in the first 12 months, it has been announced. The news comes just weeks ahead of the introduction of the new off-payroll working rules which could see some contractors taxed the ...
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One in five small businesses not entitled to financial support, FSB reveals
Feb 11, 2021
As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed. The Federation for Small Businesses (FSB), who published the report, said up to three ...
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Self Assessment: thousands spread tax liabilities in response to coronavirus disruption
Jan 14, 2021
Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed. HM Revenue & Customs (HMRC) said around 25,000 taxpayers have now registered to ...
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COVID-19: enhanced payment plans for Self-Assessment individuals
Dec 21, 2020
To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers - increasing the threshold from £10,000 to £30,000. ...
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HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers
Dec 07, 2020
New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed. The change comes two months ahead of the online ...
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Advisory Fuel Rates: updates from 1 December 2020
Nov 30, 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to ...
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Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC
Nov 26, 2020
Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed. The new guidance comes less than a week before applications open on 30 November 2020. Under previous ...
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