Tax
Deferring VAT – HMRC confirms businesses should cancel VAT direct debits
Mar 25, 2020
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to ...
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IR35 delayed for a year because of coronavirus
Mar 18, 2020
The Government has announced that the IR35 tax reforms which were due to be implemented on 6 April 2020 have been delayed for a year because of the ongoing coronavirus outbreak. The changes to off-payroll working rules, which would see all ...
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Everything you need to know about the construction industry scheme VAT reverse charge
Mar 02, 2020
HM Revenue & Customs (HMRC) announced a 12-month deferral on the domestic reverse charge last year, which will now apply to construction services from 1 October 2020. The reverse charge legislation will place responsibility on the contractor to account for the ...
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Chancellor offers reassurance regarding ‘soft’ IR35 landing
Feb 27, 2020
The new Chancellor, Rishi Sunak has offered reassurance to contractors that HM Revenue & Customs (HMRC) will ensure a soft landing is in place for the first year following the implementation of the IR35 rules. This means that HMRC will not ...
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Confusion over tax-free childcare scheme affecting its use
Feb 20, 2020
The take-up of the Government’s Tax-Free Childcare scheme which was introduced as a replacement to childcare vouchers has been hindered by a lack of understanding around eligibility and the financial benefits of the scheme. HM Revenue & Customs (HMRC) estimates that ...
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Hundreds join demonstration against IR35 rule changes
Feb 17, 2020
Hundreds of campaigners have reportedly marched outside Parliament in a demonstration against new off-payroll working rules which are due to come into effect from April this year. The #StoptheOffPayrollTax campaign warns that the rules will damage the economy as employers cut ...
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Rule change to shorten tax deadline for property sellers
Jan 30, 2020
Experts are warning that buy-to-let landlords and other property owners are at risk of financial penalties due to an obscure change to tax rules. From April, the deadline by which property owners with taxable gains on residential properties are required to ...
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Last call on tax returns, says HMRC
Jan 28, 2020
HM Revenue & Customs (HMRC) is calling on taxpayers who have yet to submit their tax return to do so urgently. With less than a week to go until the 31 January 2020 deadline, three million taxpayers have reportedly yet to ...
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File tax return now to avoid “unnecessary penalties”, says HMRC
Jan 09, 2020
With less than one month to go until the Self Assessment deadline, HM Revenue & Customs (HMRC) is reminding taxpayers of their legal responsibilities. According to the regulator, around 5.4 million taxpayers have yet to file their tax return ahead of ...
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HMRC winding up petitions reach four year high
Jan 02, 2020
According to the latest official figures, the number of companies that were wound up last year following intervention from HM Revenue & Customs (HMRC) reached the highest level for four years. The clampdown on companies that go bust whilst owing a ...
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