New digital tax system to give over 1 million businesses more financial control
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
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HMRC wins £40 million battle against tax avoidance promoters
HM Revenue and Customs (HMRC) has won a legal case over tax avoidance scheme promoter Hyrax Resourcing Ltd which will help the tax authority collect over £40 million in unpaid taxes.
The victory over Hyrax means the promoter now has to disclose the details of their tax avoidance scheme to HMRC, along with the names and addresses of 1,180 high earners who used it.
If Hyrax fail to provide -
One week to go until HMRC makes tax digital for VAT
There is just one week to go until Making Tax Digital for VAT is introduced for more than a million businesses.
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Financial Secretary meets HMRC’s elite crime fighters
The Financial Secretary to the Treasury, Mel Stride MP, has underscored his commitment for the UK to lead the fight against organised tax fraud and evasion in a visit to HMRC’s fraud investigation and intelligence teams on 14 March.
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HMRC warns of landline scams threatening households
Households with a landline number should be vigilant of phone calls from fraudsters pretending to be the taxman, warns HM Revenue and Customs (HMRC).
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One month to go before VAT goes digital for 1 million
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
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Don’t miss out on new government-backed saving scheme Savers earn 50p for every £1 they save
More than 90,000 people have signed up to the Government’s new saving account – Help to Save – depositing over £13 million.
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HMRC urges business owners to make sure they are ready for no deal
HM Revenue and Customs (HMRC) is urging business owners to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal.
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Ditch paper receipts – as VAT goes digital
Senior Decision Makers in finance and accounting admit to not being the best at keeping receipts, as 65% confess to having lost them, according to a new YouGov poll out today.
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Say ‘I do’ to Marriage Allowance this Valentine’s Day
HM Revenue and Customs (HMRC) is sharing the love this Valentine’s Day and encouraging married couples and those in a civil partnership to sign up for Marriage Allowance.
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Over 93% of taxpayers file tax returns by the deadline
A total of 93.68% of Self Assessment tax returns – a new record – were completed by yesterday’s midnight deadline, reveals HM Revenue and Customs (HMRC).
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241,300 new homeowners benefit from stamp duty tax relief
More than 241,000 first time buyers have pocketed the cash they would have spent on Stamp Duty Land Tax (SDLT) for their new homes, statistics published by HM Revenue and Customs (HMRC) reveal.
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