The Chancellor Rishi Sunak delivered his first Budget on 11th March 2020. It was against the backdrop of the development of the Coronavirus, which has turned into a pandemic and is potentially going to have a huge impact on the fabric of society over the coming months. For this reason, there were some business friendly …
HMRC launched a scheme 8 months ago (September 2017) called the Growth Support Service. The service was set up to provide advice from a dedicated tax expert to British Companies with a turnover of more than £10m or more than 20 employees. It is estimated that there are 170,000 such companies. The intention of the scheme …
If you don’t believe that HMRC make mistakes, read this! We act as agents with our client’s dealings with HM Revenue and Customs (HMRC) and sometimes they get it wrong. A recent incident has highlighted how easy this can be. We had finished a VAT return for a client, ABC Contracting Limited (*), and went …
In the 2015 Budget, HMRC announced the introduction of Making Tax Digital, an initiative to modernise the tax system. At the time, it was heralded at the ‘death of the tax return’. Since then, there has been little news in terms of how this will actually be achieved. However, HMRC have now published a number …
Small businesses, employers and buy to let landlords have been hit with a raft of changes over the last few years which have either made their jobs harder or increased the tax they pay. These include workplace pensions, restrictions on tax relief for landlords, the removal of tax relief on goodwill on incorporation, the National …
As accountants and agents, we act for small businesses in their dealings with HM Revenue and Customs (HMRC). Some businesses have a better relationship with HMRC than others. We often take on clients who are having problems with HMRC, and try to straighten them out. Is there a secret formula for avoiding the unwanted attention …
The Chancellor’s 2015 Autumn Statement generated headlines for the reversal of tax credit cuts, but there was very little which affected small business. This is just as well given the treatment dished out in the March Budget and the Summer Budget. However, there were a couple of announcements which affect Buy to Let landlords. Stamp …
The Chancellor delivered his 2015 Summer Budget (the second Budget of 2015) on Wednesday 8 June 2015. In stark contrast with the last coalition Budget delivered on 18 March 2015, there were a few important changes which affect small businesses (including a lot of changes announced which come into effect during the next 5 years). …
HM Revenue and Customs (HMRC) gave an important insight into their customer service expectations recently. As anyone who’s had to call HMRC will know, they don’t answer the phone very quickly. A recent review of their Facebook page showed that, rather than being that helpful, it is actually a place for individuals to vent their anger at …
From 6 April 2015, if you are self employed and claim Working Tax Credits, you will need to meet new criteria being introduced by HM Revenue and Customs (HMRC). You must be able to meet a new qualifying remunerative work test for Working Tax Credits that demonstrates that that you are trading on a commercial …