HMRC reminds tax credit customers to renew before deadline
As the deadline approaches, customers are being urged not to leave their renewal until the last minute and risk their payments being stopped. HM Revenue and Customs (HMRC) has reminded more than 300,000 tax credits customers they have until 31 July 2021 to renew their tax credits claim or risk their payments being stopped. As the deadline approaches, […]
HMRC urges millions of people in the UK to claim up to £500 for free
Nearly 800,000 people who have been working from home during the coronavirus pandemic have claimed tax relief. Millions of workers in the UK are being urged to claim £500, with hundreds of thousands having already cashed in on the free money. Wales Online reports that nearly 800,000 people who have been working from home during the […]
5 steps to improve your confidence and make better business decisions
Being confident and able to make good business decisions are two of the most important skills to enhance your career and make you a better manager and accountant. However, with so much uncertainty it can feel very difficult to make decisions in the current climate. In addition, being confident does not come naturally to everyone, […]
HMRC’s CEST tool ‘leaves 210,000 contractors in IR35 status limbo’
New official CEST usage data is serving to leave the reputation of the HMRC tool in tatters – while also asking some questions of its own to other, industry-built online IR35 tests Released by the tax office on Thursday, the data show that out of 1,018,250 uses between November 2019 and May 2021, CEST produced 210,000 ‘unable to determine’ […]
Stamp taxes go digital
The 300-year old process to manually stamp documents to show the duty has been paid is going digital from July 2021. HMRC’s stamp duty press machines will be officially retired from service on 19 July 2021. An electronic process will be adopted for the remaining transactions which still required physical stamps, such as duty paid […]
Sunak to reject furlough extension calls despite ‘freedom day’ delay
Initially set as 21 June, Boris Johnson confirmed yesterday (14 June), that due to the rising number of cases of the new Delta variant of the coronavirus, ‘freedom delay’ has been delayed until 19 July. Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses […]
ACCA throws support behind new UK trade deal
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text] The accountancy body believes the new trade deal between the UK, Norway, Iceland and Liechtenstein ‘provides certainty’ for many sectors in […]
Small businesses paralysed by mixed messages and uncertainty as UK unlocks
SMEs are in a state of paralysis and feel unable to plan their financial future, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN). A total of 77.8% of accountants’ small business clients are not expecting to return to pre-COVID levels of production and turnover […]
HMRC spends £250k training staff to be hackers
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text] HMRC has spent £262,251 on cyber security training for its staff over the last two years, according to official figures The […]
Mini-umbrella companies set up to avoid tax
Around 48,000 mini-umbrella companies (MUC) have been created in the past five years in a bid to reduce the tax and national insurance contributions (NIC) paid by recruitment agencies A BBC investigation by radio programme File on 4 found that that more than 40,000 people in the Philippines had been recruited to front British companies […]