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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?
Are camping pods "buildings" for capital allowances purposes?
The First-tier Tribunal (FTT) recently considered whether a number of camping pods could qualify for the annual investment allowance.
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.
Supplies were VATable, but assessment was out of time
In a recent tribunal case, HMRC was told it was too late to collect underpaid VAT of nearly £250,000. What went wrong?
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
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
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?
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?
Court of Appeal shuns Upper Tribunal's interpretation of salaried members rules
The Court of Appeal has sided with HMRC regarding the definition of "significant influence" in respect of the salaried members rules. What happened?
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?
HMRC launches remittance basis toolkit
A new toolkit aimed at assisting non-domiciled taxpayers that use the remittance basis has been launched. What does this do?
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?
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?
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?
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?
Paper filing deadline just days away
The standard filing date for a personal tax return is 31 January. However, if you submit paper returns you need to do it earlier. What's the paper filing date,
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 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?
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?
HMRC scraps paper VAT registration
From 13 November HMRC will abolish the paper VAT registration form. How will new applications be made from that date?
Taxpayer uses AI to argue against penalty
One taxpayer decided to use AI to generate a defence against an HMRC penalty. How did things turn out for her?
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?
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 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?
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.
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?
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?
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?
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 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?
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.
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?
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?
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.
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?
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?
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.
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
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
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 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 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?
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?
Salary advances: change to reporting rules
Rule changes on payroll reporting for early salary payments have been relaxed. What do you need to know?
Winter fuel payments to be clawed back via tax system
A government U-turn on the winter fuel payment was announced this week, with a new means-tested threshold. How will this work in practice?
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'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
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.
