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One week left to renew for 300,000 tax credits customers

More than 300,000 tax credits customers have just over one week to renew their claims before the 31 July deadline, HM Revenue and Customs (HMRC) has warned

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HMRC reveals drop in buy-to-let tax disclosures

Thousands of landlords have failed to come clean about the tax they owed to HMRC as 42% fewer property investors voluntarily disclosed unpaid tax to HMRC in the latest tax year

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Recent tax changes UK property investors need to know

A number of changes to tax rules have added to compliance requirements for property owners and increased tax bills.

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National Minimum Wage rate reminder for summer staff

Students and seasonal staff are being reminded by HM Revenue and Customs (HMRC) to check that they are being paid the National Minimum Wage (NMW).

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CBI warns of ‘perfect storm’ of staff shortages

UK businesses face a 'perfect storm' of factors causing staff shortages, the Confederation of British Industry (CBI) has warned

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HMRC help towards cost of children’s summer holiday activities

HM Revenue and Customs (HMRC) is reminding working families that they can use Tax-Free Childcare to help pay for their childcare costs over the summer.

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G7 announces global tax agreement

The G7's finance ministers have announced a historic international agreement on global tax reform.

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OTS considers moving tax year end

The Office of Tax Simplification (OTS) is set to explore the benefits, costs and wider implications of changing the date of the end of the tax year for individuals.

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Furlough numbers fall to their lowest level this year

Furlough numbers have fallen to their lowest level this year, according to official statistics published by HMRC

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HMRC advisory fuel rates for company car users from 1 June (2)

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2021, increasing mileage rates by 1p for all petrol vehicles

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HMRC clarifies VAT position on electric vehicle recharging

HMRC has confirmed that VAT is chargeable at the standard rate for electric vehicles when using charging points situated in public places

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Finance Bill outlines amendments to super-deduction

The government has tabled amendments to the capital allowances super-deduction in Finance Bill 2021.

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HMRC urge businesses to carry out due diligence into their labour supply chain

HMRC is warning organisations about the use of mini umbrella companies in the labour supply chain and the need to carry out due diligence to protect the organisation from financial and reputational damage.

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Government confirms start date for Plastic Packaging Tax

The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022.

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Making Tax Digital (MTD) for VAT – end of “soft landing”

MTD for VAT currently applies to VAT registered businesses with taxable turnover in excess of £85,000, the current VAT registration threshold. From 1 April 2022, MTD for VAT is being extended to all VAT registered businesses.

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91,000 fraud accusations to HMRC in first few months of pandemic

HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the Covid-19 pandemic, with concerns that furlough fraud is likely to be behind many of the calls

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Next step of roadmap out of lockdown to take effect from 17 May

From 17 May, indoor hospitality businesses are permitted to re-open and households will be allowed to mix as the next step of the government's roadmap out of the latest coronavirus (COVID-19) lockdown takes effect.

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Five reasons to set up a Personal Tax Account

The Association of Taxation Technicians (ATT) is encouraging taxpayers to set up a Personal Tax Account (PTA) to monitor their tax affairs

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Treasury launches problem debt Breathing Space scheme

Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme, Breathing Space, launched by government, which gives a 60-day respite period

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HMRC sets out penalty regime for SEISS abuse

As the fourth self employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh fines for abuse of the financial support

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