Newsletter
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!
» Sign up for the newsletter
» Login
News
HMRC tax credits scam warning
08/06/2023
Fraudsters often try to take advantage of the 31 July deadline for submitting tax credits renewal information. The fraudulent emails, texts or calls claim to be from HMRC and often promise money back in the form of a tax rebate together with a click-through link to a replica of the HMRC website. The fraudsters then try and steal Read more...
08/06/2023
Fraudsters often try to take advantage of the 31 July deadline for submitting tax credits renewal information. The fraudulent emails, texts or calls claim to be from HMRC and often promise money back in the form of a tax rebate together with a click-through link to a replica of the HMRC website. The fraudsters then try and steal Read more...
Help with childcare costs
08/06/2023
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for childcare costs. The scheme was used by almost 650,000 families during the 2022-23 tax year. This represented a significant increase over the previous year. The TFC scheme can help parents of children aged up to 11 years old. The TFC scheme Read more...
08/06/2023
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for childcare costs. The scheme was used by almost 650,000 families during the 2022-23 tax year. This represented a significant increase over the previous year. The TFC scheme can help parents of children aged up to 11 years old. The TFC scheme Read more...
Check text messages from HMRC
08/06/2023
HMRC has issued an updated version of their online guidance entitled ‘Check if a text message you've received from HMRC is genuine’. The guidance provides a current list of genuine text messages issued by HMRC. The list has been updated to include details of a text message HMRC is sending to some taxpayers about a Self-Assessment tax Read more...
08/06/2023
HMRC has issued an updated version of their online guidance entitled ‘Check if a text message you've received from HMRC is genuine’. The guidance provides a current list of genuine text messages issued by HMRC. The list has been updated to include details of a text message HMRC is sending to some taxpayers about a Self-Assessment tax Read more...
Overview of IHT agricultural relief
08/06/2023
There are a number of reliefs available that can reduce liability to IHT. Of most interest to farmers is the Agricultural Property Relief (APR). Relief is available at a rate of 100% or 50% depending on who farms the land and how long the land has been owned. The APR can be claimed on assets including farming land or pasture that is used Read more...
08/06/2023
There are a number of reliefs available that can reduce liability to IHT. Of most interest to farmers is the Agricultural Property Relief (APR). Relief is available at a rate of 100% or 50% depending on who farms the land and how long the land has been owned. The APR can be claimed on assets including farming land or pasture that is used Read more...
Using Capital Gains Tax losses
08/06/2023
If you sell an asset for less than you paid for it, you would make a capital loss. As a general rule if the asset would have been liable to CGT had a gain taken place, then the loss should be an allowable deduction. These allowable losses are deducted automatically from gains in the same tax year. It is not necessary to make a claim for Read more...
08/06/2023
If you sell an asset for less than you paid for it, you would make a capital loss. As a general rule if the asset would have been liable to CGT had a gain taken place, then the loss should be an allowable deduction. These allowable losses are deducted automatically from gains in the same tax year. It is not necessary to make a claim for Read more...
What you must tell HMRC
08/06/2023
If your personal details change you may be required to notify HMRC as this can affect your entitlement to certain tax breaks and or benefits. For example, you need to tell HMRC if: you get married or form a civil partnership; or you divorce, separate or stop living with your husband, wife or partner. The sooner you advise HMRC the Read more...
08/06/2023
If your personal details change you may be required to notify HMRC as this can affect your entitlement to certain tax breaks and or benefits. For example, you need to tell HMRC if: you get married or form a civil partnership; or you divorce, separate or stop living with your husband, wife or partner. The sooner you advise HMRC the Read more...
Tax Diary July/August 2023
08/06/2023
1 July 2023 - Due date for corporation tax due for the year ended 30 September 2022. 6 July 2023 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2023 - Pay Class 1A NICs (by the 22 July 2023 if paid electronically). 19 July 2023 - PAYE and NIC deductions due for month ended Read more...
08/06/2023
1 July 2023 - Due date for corporation tax due for the year ended 30 September 2022. 6 July 2023 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2023 - Pay Class 1A NICs (by the 22 July 2023 if paid electronically). 19 July 2023 - PAYE and NIC deductions due for month ended Read more...
Voluntary “give-aways”
06/06/2023
In a recent post we warned of the likely loss of billing opportunities if you give away service advice just to demonstrate how informed you are. In this post we outline when it may be appropriate to volunteer information or other free offers in order to secure additional sales. For example, when you deliver goods to your customers, do Read more...
06/06/2023
In a recent post we warned of the likely loss of billing opportunities if you give away service advice just to demonstrate how informed you are. In this post we outline when it may be appropriate to volunteer information or other free offers in order to secure additional sales. For example, when you deliver goods to your customers, do Read more...
HMRC strike causes CIS delays
01/06/2023
Some 400 HMRC helpline service advisers who are members of the Public and Commercial Services (PCS) Union have been on strike intermittingly since 10 May 2023. These strikes are by staff working in HMRC’s East Kilbride and Newcastle offices. The striking workers are with the department of Personal Taxation Operations on Employer Read more...
01/06/2023
Some 400 HMRC helpline service advisers who are members of the Public and Commercial Services (PCS) Union have been on strike intermittingly since 10 May 2023. These strikes are by staff working in HMRC’s East Kilbride and Newcastle offices. The striking workers are with the department of Personal Taxation Operations on Employer Read more...
Help to Save extended to April 2025
01/06/2023
HMRC has confirmed that plans to extend the Help to Save scheme by 18 months, until April 2025 have been confirmed. The Help to Save scheme is intended to help those on low incomes to boost their savings. Eligible users of the scheme can save between £1 and £50 every calendar month and receive a 50% government bonus. The 50% bonus is Read more...
01/06/2023
HMRC has confirmed that plans to extend the Help to Save scheme by 18 months, until April 2025 have been confirmed. The Help to Save scheme is intended to help those on low incomes to boost their savings. Eligible users of the scheme can save between £1 and £50 every calendar month and receive a 50% government bonus. The 50% bonus is Read more...
