Not many people like receiving a brown envelope from HM Revenue and Customs (HMRC) through their letterbox. That may now change. HMRC have issued a consultation document which outlines their plans to go paperless with Self Assessment. If you would like to comment on this, you have until 27 December 2013. Details can be found …
Scam emails supposedly from HM Revenue and Customs (HMRC) have been around for a while now. However, it has been brought to our attention that there is currently a scam email going around which focuses upon Real Time Information (RTI). It says ‘We could not process your Full Payment Submission’, it quotes a reference …
If you claim either working tax credits or child tax credit, you need to renew your claim. For the year to 5 April 2012, you will need to confirm your household income. The deadline for renewal is 31 July 2012, although if you are self employed, you may give estimate figures and then give actual …
HM Revenue and Customs (HMRC) have announced six new taskforces which they expect will recover more than £23m. The traders they are targeting this time are as follows: Indoor and outdoor markets in London Taxi firms in Yorkshire and East Midlands Property rentals in East Anglia, London, Yorkshire and the North East Restaurants in the …
HM Revenue and Customs (HMRC) have announced the latest in a string of initiatives designed to collect more tax. This initiative, called the Electricians’ Tax Safe Plan, focuses on electricians who are not paying the right amount of tax and is similar to the 2011 initiative aimed at plumbers. The aim is to focus on people who …
HM Revenue and Customs (HMRC) have announced an extension to the filing deadline for 2011 Self Assessment tax returns, due to planned strike action on 31 January. The deadline is now 2 February 2012. A statement released by HMRC read: Self Assessment deadline To make sure our customers are not disadvantaged if they cannot get through …
If you operate under the Construction Industry Scheme (CIS), HM Revenue and Customs (HMRC) are bringing new CIS penalties into effect from 6 October 2011. These are as follows: Initial failure to meet due date If a return is not received by HMRC by its due date of the 19th of the month, a penalty of …
HM Revenue and Customs (HMRC) have launched five new taskforces which will focus on tackling tax evasion in various parts of the country. The taskforces will target: Scrap metal dealers in Scotland, focusing on those who are deliberately suppressing their income or inflating expenditure to evade paying tax Construction traders who are self employed or …
Late filing penalties for personal tax returns issued by HM Revenue and Customs (HMRC) used to be quite simple. They consisted of 2 x £100, which were limited to the amount of tax actually due. For example: For tax year 2010 (year to 5 April 2010), the tax return was due by 31 January 2011. …
This is a scam that has been going around for the last couple of years. You receive an email supposedly from HM Revenue and Customs indicated that a tax refund is due, and all they need are your bank details to repay you. Do not reply, it’s a scam. Firstly, HM Revenue and Customs will …