Inspire Financial Management

Best viewed on a device with a bigger screen...
Tel: 0191 487 7074

Requested Content Not Found

The page or file you requested could not be found.

Maybe you were looking for:

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?

Child benefit goes digital

Child benefit goes digital

HMRC's new online service for child benefit: Claim in 10 minutes, receive payments in 3 days. What's needed to use the service?

Guidance for merged R&D scheme published

Guidance for merged R&D scheme published

Companies claiming tax relief for R&D will need to use the new merged scheme for accounting periods starting on 1 April 2024. What are the key changes?

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?

Proof of employment expenses now required

Proof of employment expenses now required

HMRC now insists on evidence of employee expenses claimed through PAYE. What records do you need to keep?

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?

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?

Child Benefit claimants could be missing out on full state pension entitlement

Child Benefit claimants could be missing out on full state pension entitlement

If you claimed Child Benefit prior to May 2000 you may have missed out on valuable qualifying state pension years due to nuances in HMRC's systems.

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?

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?

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?

MRC launches MTD ITSA toolkit

MRC launches MTD ITSA toolkit

HMRC has launched a new online tool to help taxpayers determine whether they need to use Making Tax Digital for Income Tax Self-Assessment (MTD ITSA).

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?

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?

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?

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?

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 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

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?

Cash in old certificates of tax deposit before it's too late

Cash in old certificates of tax deposit before it's too late

The Certificate of Tax Deposit Scheme will come to an end on 23 November 2023, yet £89 million remains unclaimed. What should you do if you have such a certific

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?

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.

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?

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?

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?

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.

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.

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.

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?

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?

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?

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 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?

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.

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?

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?

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?

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?

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?

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?

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?

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?

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?

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.

Access Key Enabled Navigation
Keywords for: Page Not Found

, inspire financial management, financial management, accountant, accounting, gateshead, stockton on tees