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HMRC issues reminder about new R&D tax relief rules

HMRC issues reminder about new R&D tax relief rules

Despite new requirements for research and development (R&D) claims being in force for a month, almost half of claims made since then have omitted the necess

HMRC MTD ITSA webinar - worth a look?

HMRC MTD ITSA webinar - worth a look?

Making Tax Digital will be mandatory for some traders and landlords next year. Ahead of this, the government is ramping up its guidance to help you get ready.

Further relaxation of self-assessment thresholds announced

Further relaxation of self-assessment thresholds announced

The government has announced changes to the threshold at which some taxpayers need to complete a tax return. What's the full story?

Rogue refunds of Class 2 NI due to HMRC failure

Rogue refunds of Class 2 NI due to HMRC failure

HMRC has incorrectly refunded Class 2 NI to some self-employed taxpayers. What should you do if you get an unexpected payment?

Reforms to tax treatment of alternative finance products proposed

Reforms to tax treatment of alternative finance products proposed

Govt addressing tax differences in alternative finance. How to participate?

New guidance on commuting expenses for hybrid workers

New guidance on commuting expenses for hybrid workers

You can't claim tax relief for the expenses associated with travelling to your usual place of work. However, what is the position if you're a hybrid worker?

Have you underclaimed your expenses?

Have you underclaimed your expenses?

HMRC stated that upgrading a boiler wouldn't be a deductible expense for tax purposes. It is now admitting that this was wrong. What action do you need to take?

HMRC cuts late payment interest following base rate changes

HMRC cuts late payment interest following base rate changes

Late payment interest rates on underpaid taxes will soon decrease due to the recent reduction in the Bank of England's base rate. What are the new rates?

HMRC to reduce late payment interest

HMRC to reduce late payment interest

Late payment interest rates on underpaid taxes will decrease again due to the recent reduction in the Bank of England's base rate. What are the new charges?

Advisory fuel rates from 1 March 2024 published

Advisory fuel rates from 1 March 2024 published

The approved amount that employers can reimburse staff for business travel in company cars changes from 1 March 2024. What are the new rates?

Advisory fuel rates for company cars from 1 June 2024

Advisory fuel rates for company cars from 1 June 2024

The amount that employers can reimburse staff for business travel in company cars changes from 1 June 2024. What are the new rates?

Making Tax Digital for corporation tax scrapped

Making Tax Digital for corporation tax scrapped

A recent publication has quietly confirmed that companies won't be mandated into Making Tax Digital (MTD). What's happened and what's the new plan?

Late payment interest rates changed again

Late payment interest rates changed again

Late payment interest rates on underpaid taxes will soon decrease again due to the recent reduction in the Bank of England's base rate.

Multiple agents for MTD ITSA will be permitted

Multiple agents for MTD ITSA will be permitted

Guidance published by HMRC confirms that it will be possible for more than one agent to hold authorisation for Making Tax Digital.

New interactive tool for transition period profit reporting

New interactive tool for transition period profit reporting

Reporting your profits could be more complicated this year due to the basis period reform. How can a new online tool help?

New online VAT registration tool

New online VAT registration tool

A new online tool has been launched to help businesses understand the impact of being VAT registered. What's the full story?

MTD ITSA guidance updated following Budget

MTD ITSA guidance updated following Budget

The Budget contained announcements regarding the rollout of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). What's the latest updated position?

HMRC deliberately cutting off calls?

HMRC deliberately cutting off calls?

The Public Accounts Committee (PAC) has severely criticised HMRC's customer service, forcing it to make a public statement. What's the full story?

HMRC corrects guidance on company EV car charging

HMRC corrects guidance on company EV car charging

Occasionally, HMRC publishes guidance that is at odds with what the legislation says. A recent example of this is in respect of reimbursement for the costs of c

Loan written off: are you in HMRC's crosshairs?

Loan written off: are you in HMRC's crosshairs?

HMRC is writing to directors that took a loan from their company that was later written off or released. What should you do if you receive a letter?

Scammers already targeting pensioners over winter fuel payments

Scammers already targeting pensioners over winter fuel payments

Phishing attacks are being sent to pensioners purporting to be from the Department for Work and Pensions. What's going on?

Pension tax relief can now be claimed online

Pension tax relief can now be claimed online

Higher and additional rate taxpayers can use a new online form to claim additional tax relief on pension contributions. Can you accelerate relief?

Changes to VAT zero rating imminent

Changes to VAT zero rating imminent

HMRC has announced an extension to the materials qualifying for the VAT zero rate from 1 February 2024. What's the full story?

P11D filing to end

P11D filing to end

HMRC is scrapping the use of Form P11D to report benefits in kind from 2026. How will you need to account for tax and NI due after this?

HMRC reminds cryptoasset holders of tax obligations

HMRC reminds cryptoasset holders of tax obligations

Ahead of this month's filing deadline for 2022/23 tax returns, HMRC is urging cryptoasset holders to check if they need to report transactions.

HMRC expands agent-related services

HMRC expands agent-related services

HMRC has written to the CIOT to confirm updates to the services provided on the Agent Dedicated Line. What's changed?

HMRC U-turn on helpline closures

HMRC U-turn on helpline closures

HMRC announced that it would be scaling back its tax helplines. It has now seemingly reversed the decision. What's going on?

HMRC warns employers over seasonal staff pension rights

HMRC warns employers over seasonal staff pension rights

Businesses that take on temporary staff over busy periods, e.g. the summer holidays, need to check whether they have obligations under auto-enrolment.

Relaxation of self-assessment threshold

Relaxation of self-assessment threshold

HMRC has promised a change to the threshold at which self-employed taxpayers need to complete a tax return. What do we know so far?

In-year relief claim? Prove it

In-year relief claim? Prove it

Taxpayers not in self-assessment and who need to claim relief on pension contributions must now send evidence to HMRC. What's the full story?

Permanent increase to penalty interest rates

Permanent increase to penalty interest rates

The new tax year saw a change to the way interest on late paid taxes is calculated. What's changed and what are the new charges?

HMRC launches PAYE code tool

HMRC launches PAYE code tool

HMRC has launched a new online tool to help you understand your PAYE code. What is it and how can you use it?

Latest advisory fuel rates for company car drivers

Latest advisory fuel rates for company car drivers

The amount that employees can be reimbursed for business travel in company cars changed from 1 September 2024. What are the new rates?

Latest guidance on correcting VAT errors

Latest guidance on correcting VAT errors

Early in 2023 HMRC launched an online tool for helping you correct errors in VAT returns. After a settling-in period HMRC has recently published new guidance on using the tool.

Form P1000 now available digitally

Form P1000 now available digitally

Dealing with a deceased client's tax affairs can be drawn out, partly due to the authorisation process. However, a recent change should help simplify things.

Latest advisory fuel rates published

Latest advisory fuel rates published

The HMRC-approved amount that employers can reimburse staff for business travel in company cars changes from 1 December 2023. What are the new rates?

Losses on CT returns may be incorrect

Losses on CT returns may be incorrect

If you receive a letter from HMRC about your corporation tax losses, don't ignore it or you could end up overpaying. What's going on?

Largest increase to the minimum wage

Largest increase to the minimum wage

The government has announced substantial increases to the national living wage (NLW) and national minimum wage (NMW) rates from 1 April 2024.

Latest advisory fuel rates for company cars

Latest advisory fuel rates for company cars

The amount that employees can be reimbursed for business travel in company cars changes from 1 December 2024. What are the new rates?

Salary advances: change to reporting rules

Salary advances: change to reporting rules

Rule changes on payroll reporting for early salary payments have been relaxed. What do you need to know?

Latest advisory fuel rates for company cars - 2025

Latest advisory fuel rates for company cars - 2025

The amount that employers can reimburse staff for business travel in company cars changed from 1 September 2025. What are the new rates?

HMRC pauses some refund claims for agents

HMRC pauses some refund claims for agents

Due to security concerns, HMRC has warned that it will not process refund claims made by authorised agents. What's going on and what alternatives are available?

Beware of Sunday payment deadline this month

Beware of Sunday payment deadline this month

The deadline for paying monthly PAYE is on the 22nd of each month. For September 2024, this falls on a Sunday. What can you do to avoid late payment?

Have your say on e-invoicing

Have your say on e-invoicing

The government is seeking views on the standardisation of electronic invoicing. Why, and how can you join the consultation?

HMRC reopens self-assessment helpline

HMRC reopens self-assessment helpline

HMRC's self-assessment helpline was closed in June. It's now reopened for calls ready for the tax return filing season. What do you need to know?

Form 652 withdrawn by HMRC

Form 652 withdrawn by HMRC

HMRC has withdrawn Form 652. How should you notify VAT errors going forward?

HMRC payroll reporting for Christmas

HMRC payroll reporting for Christmas

HMRC's recent guidance to employers includes a reminder about its concession for real time reporting requirements of payroll over the Christmas period. More.

Adding Strength to our Business

Adding Strength to our Business

We are delighted to announce that Inspire Financial Management have engaged with Galley and Tindle Accountants in Durham, to form a strategic collaboration between our two firms.

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