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 ...

Blog, Business Advice, HMRC, Tax

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 ...

Blog, HMRC, SMEs

HMRC’s amended guidance on late furlough claims

Nov 23, 2020

On 19 November 2020, the Government amended its guidance to give examples of what is meant by a ‘reasonable excuse’, for submitting furlough claims past the deadline. Claims need submitting within two weeks of the end of the previous calendar month ...

Blog, Business Advice, HMRC, SMEs

HMRC to investigate Eat Out to Help Out scheme claimants

Nov 19, 2020

Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced. The warning comes after the regulator revealed that it would ...

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