HMRC will send Simple Assessment tax statements to pensioners in the next few weeks.
The combination of frozen tax thresholds and a substantial increase to the state pension has led to many…
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HMRC will send Simple Assessment tax statements to pensioners in the next few weeks.
The combination of frozen tax thresholds and a substantial increase to the state pension has led to many…
HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).
Many crypto investors…
The government has announced a crackdown on late payments to small businesses and the self-employed.
Late payments cost SMEs £22,000 a year on average, according to Smart Data Foundry, while…
On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.
Currently, businesses…
Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee.
A tax exemption is available…
HMRC has issued some guidance to taxpayers that deferred their VAT payments between 20 March and 30 June 2020 and still have payments to make.
HMRC is advising taxpayers who deferred their…
The UK's Supreme Court has found in favour of small firms receiving payments from COVID-19 business interruption insurance policies.
The test case was brought against insurers by the Financial…
HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021.
Reiterating its advice from last…
Losses from pension fraud rose to £1.8 million in the first three months of this year, according to figures from Action Fraud.
107 reports of pension fraud were made in the first quarter…
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