New measures to stop rip-off agents taking advantage of people by pocketing their tax repayments have been proposed by HMRC. To achieve this, HMRC have launched a 12-week consultation Raising standards in tax advice: Protecting customers claiming tax repayments to consider ways to better protect taxpayers from Repayment Agents who make routine tax claims on […]
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Nothing to declare
June 23rd, 2022
Downsizing business operations is a perfectly acceptable response to economic pressures, and this may lead to an absence of activity for a period of time. This would have been the likely experience of businesses subject to recent lockdown restrictions. Unfortunately, our obligation to file returns to HMRC does not end if there are no […]
Proposed new deal for private renters
June 21st, 2022
The fairer private rented sector white paper published 16 June 2022, will ensure millions of families benefit from living in decent, well looked-after homes as part of the biggest shake up of the private rented sector in 30 years. The white paper marks a generational shift that will redress the balance between landlords and 4.4 […]
Seeing is believing?
June 16th, 2022
It is no longer certain that if you receive a letter, email, text or phone call – purporting to be the tax office or some similar, regulatory authority – that it is a genuine communication. Red flags should be waved, and warning buzzers sounded if anyone ever requests personal information or your bank details. […]
Will quarterly reporting lead to quarterly payments?
June 14th, 2022
Within a few years, many taxpayers that are presently required to file a tax return, and most businesses, will be required to file quarterly data with HMRC using the Treasury Making Tax Digital portal. In which case, the present annual filing obligations will be replaced by quarterly filing obligations. Paying tax in arrears Apart […]