Central assessment of VAT – HMRC’s process for late returns
Posted by Karen Jones on September 28, 2023When you miss a VAT return, HMRC does a central assessment of VAT. Changes to the system mean it’s more important than ever to file on time. If you don’t, it may be more likely you’ll experience enforcement action.
Minimum Wage – employers be careful!
Posted by Jon Pryse-Jones on September 7, 2023In 2023, more than 200 employers were named and shamed for not complying with the National Minimum Wage. Don’t let it happen to you!
Reporting tax fraud nets whistleblowers £509,000
Posted by Jon Pryse-Jones on August 22, 2023Reporting tax fraud netted whistleblowers over £500,000 during the last tax year. But would a more transparent system recoup more?
Overseas landlord tax
Posted by Jon Pryse-Jones on August 17, 2023HMRC is clamping down on overseas landlords who haven’t paid Income Tax or Corporation Tax recently. Here’s what you need to know.
IHT forms: which ones could help you claim back thousands?
Posted by Karen Jones on August 7, 2023When you lose a loved one you may need to pay inheritance tax. But, there are two IHT forms that could help you claim back thousands.
How to claim a Child Trust Fund as £1.7bn remains untouched
Posted by Ben Locker on August 7, 2023Do you want to know how to claim a Child Trust Fund? Huge numbers of young people have an average of £1,900 lying unclaimed.
How to contact HMRC – and avoid the phone queues
Posted by Ben Locker on February 2, 2023Need to know how to contact HMRC while avoiding long phone queues? Then try this way of getting to speak to an HMRC adviser.
HMRC asking wealthy individuals for pre-filing meetings
Posted by Jon Pryse-Jones on September 8, 2022HMRC is writing to wealthy individuals asking them for a telephone meeting before they submit their tax returns. But should you take part?
Capital Allowances – Six things to know about
Posted by Karen Jones on March 9, 2022One of the first things you should know about Capital Allowances is what you can claim on? We explain below what qualifies for Capital Allowances, along with some other things we think you should know.
Children aged under 18 and tax – a few key considerations
Posted by Jon Pryse-Jones on October 6, 2017Income tax and National Insurance As with adults, children aged under 18 can earn up to the tax free allowance in each tax year (£12,500 in 2020/21) and pay no income tax.
