Everything you need to know about electric company cars and tax

Everything you need to know about electric company cars and tax

Nov 05, 2019

The number of electric cars in Britain recently hit the 200,000 milestone, indicating that the UK is finally coming round to the inevitable idea of an emission-free future. But why wait until then? Electric car owners are already experiencing the cost-saving ...

Blog, Tax

Calls for HMRC to simplify the UK’s tax system for self-employed and landlords

Nov 04, 2019

A Government adviser has said that the UK’s tax system is causing issues for self-employed individuals and private landlords and therefore HM Revenue & Customs (HMRC) should consider simplifying it. Due to the rise of the gig economy, there are now ...

Blog, Tax

Final opportunity to register for online self-assessment tax return for 2018/19

Oct 03, 2019

Taxpayers who are looking to file their self-assessment tax return online for the 2018/19 tax year need to have registered for an online account on the HM Revenue & Customs (HMRC) website before Saturday (5 October). With the increase in people ...

Blog, HMRC, Tax

Universities warned that students are vulnerable to tax scams

Sep 30, 2019

With universities across the UK welcoming new and returning students, HM Revenue & Customs (HMRC) has issued a warning about tax scams. The move has been prompted by fears that fraudsters are using what appear to be legitimate university email addresses, ...

Blog, Tax

Number of non-doms in the UK has fallen to a record low

Sep 23, 2019

According to figures published by HM Revenue and Customs (HMRC), the number of people who live in the UK but pay no tax on their offshore income has fallen to a record low. Since last year, the amount of tax paid ...

Blog, HMRC, Tax, VAT

120,000 businesses failed to meet the Making Tax Digital deadline

Sep 16, 2019

HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service. Figures suggest that 490,000 VAT-registered businesses with ...

Blog, Tax

Over £1.6 billion in tax owed to HMRC by self-employed

Sep 05, 2019

According to the latest industry research, HM Revenue & Customs (HMRC) is currently owed £1.6 billion in late tax payments from self-employed individuals for 2017 and 2018. That figure is expected to rise further, meaning that it could become the fourth ...

Blog, Tax

Thousand-year-old coin collection is the earliest form of tax fraud

Sep 02, 2019

A thousand-year-old collection of Norman coins has been revealed as the earliest form of tax evasion. The coins were discovered by detectorists in a field in the Chew Valley, Somerset in January. The collection of 2,528 coins was buried in a field ...

Blog, HMRC, Tax

HMRC investigates a quarter of estates that pay IHT

Jul 25, 2019

In the 2018 to 2019 tax year, HMRC opened 5,537 inheritance tax (IHT) investigations, which equated to almost a quarter (23 per cent) of the 22,000 estates on which the tax is applicable. IHT is levied at a rate of 40 ...

Blog, Tax