HMRC
How do you know if you are exempt from Making Tax Digital (MTD)?
Jan 27, 2026
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether the ...
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Are you on HMRC’s radar? The rising cost of money laundering compliance breaches
Jul 10, 2025
HM Revenue & Customs (HMRC) recently published its latest round of penalties for businesses breaching money laundering regulations, and the numbers should make any business owner sit up and take notice. Between October 2024 and March 2025, HMRC fined 336 businesses ...
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What is the Worldwide Disclosure Facility and when should you use it?
May 01, 2025
If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your tax affairs where foreign income or gains should have been reported but were not. HMRC ...
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Are you prepared to spot scams this Self-Assessment season?
Dec 10, 2024
We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay vigilant against a surge in tax-related scams. HM Revenue and Customs (HMRC) has reported a rise in ...
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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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