Menu

Focussed on your success

Our Blog:

Showing posts tagged with 'HMRC'.
See all blog posts

Date: 22nd September 2016

Can you trust that convincing call from ‘HMRC’?

Phone and online scams, attempting to elicit your personal information, are increasing.

Read more

Date: 12th September 2016

An interesting case of poor record keeping

Surveyor ignores more than one opportunity to supply records.

Read more

Date: 19th July 2016

HMRC’s new guidance on business travel

Following changes in the rules on 6 April 2016, qualifying business expenses that you reimburse to your employees, or meet on their behalf, don’t count as their taxable income and don’t need to be reported to HMRC on Form P11D. Expenses qualify for this treatment if, had the employee borne the cost personally, they would be entitled to claim a tax deduction for it.

Read more

Date: 10th March 2016

HMRC says it’s one of the world’s most phished brands

Look out for email invitations to claim refunds, etc. Thousands of taxpayers are targeted by fraudulent companies or individuals, who use bogus emails and links to try and access tax records.

Read more

Date: 9th March 2016

What is the worst HMRC can do if you pay late?

Tough penalties apply for both late returns AND late payment. Anyone who has been asked by HMRC to complete a self-assessment tax return for 2014/15 faces an automatic penalty of £100 if they didn’t submit it by midnight on 31 January 2016. They face further penalties if they didn’t pay what they owed by the same date.

Read more

Date: 6th October 2015

When does your hobby become a business?

Whatever the activity, if it makes you a financial profit, HMRC will be interested, says Mark Thomas. HMRC are using new powers to force online marketplaces such as eBay, Etsy, Amazon and Gumtree to hand over customer account details, including their sales activity. This information gathering has enabled the taxman to target at least 14,000 individuals it suspects of failing to declare profits on their self-assessment tax returns.

Read more