HMRC’s consultation on IR35 is already under fire as critics accuse the government of underestimating the complexity of the task ahead and risking missing the opportunity to make the whole process more user friendly for a key sector of the UK workforce. The HMRC invite for input to a consultation on IR35 – the off
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Making Tax Digital exemptions deadlines are unrealistic
by Stephanie Spicer • • 0 Comments
VAT registered individuals and businesses needing to apply for an exemption from the new digital VAT requirements- Making Tax Digital (MTD) – have little time to do so, according to the Low Incomes Tax Reform Group (LITRG) MTD for VAT applies to businesses with taxable turnover exceeding £85,000 but as the threshold is based on
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Making a tax return ahead of the end January deadline
by Stephanie Spicer • • 0 Comments
If you are self-employed or in a business partnership and haven’t done a tax return yet, it is best not to dwell on why at this point. But it will mean you don’t know what tax you owe for the year 2017/18 -which you have to pay by 31 January, ie by the end of
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How can I set up payroll without an accountant?
by Michael Somerville • • 0 Comments
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‘Be concerned’, SMEs told, as HMRC targets SMEs over tax avoidance
by Owen Gough • • 0 Comments
Small business owners should be taking steps to improve their record keeping and seeking specialist advice following new research that has suggested HMRC is targeting SMEs rather than larger businesses over potential tax avoidance because it perceives them to be an easier target. That’s the message from online accounting software provider Clear Books, commenting on
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HMRC tax investigations: Eight reasons HMRC might audit your business
by Ben Lobel • • 0 Comments
HMRC tax investigations are not an experience the average business owner wants to endure. HMRC tax investigations are expensive, time-consuming and stressful, lasting 16 months on average and costing roughly £5,000 in accountancy fees. They are almost a nightmare scenario; often not because you’ve actually done something wrong, but simply because you’ll be forced to
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Is HMRC promoting tax avoidance for contractors who use its IR35 status tool?
by Owen Gough • • 0 Comments
In the week that new IR35 legislation comes into effect in the public sector, contracting expert Dave Chaplin, CEO and founder of ContractorCalculator suggests that HMRC’s IR35 status tool could be facilitating tax avoidance. This is based on the analysis of over 558 results that contractors have obtained from HMRC’s Employment Status Service tool compared with
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Ten threatening letters you do not want to receive from HMRC
by Ben Lobel • • 0 Comments
HMRC take a tough approach to companies that owe them taxes and will enforce against companies that don’t pay up. We’ve selected the top ten letters that you don’t want to receive and what they mean if you do. Overdue corporation tax letter All limited companies must pay corporation tax. If you’ve filed the company’s
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