With just one month to go until the rollout of the Making Tax Digital (MTD) for VAT extension, 82% of eligible businesses that are yet to comply are still unaware of the impending deadline Despite an overall increase in awareness of the MTD deadline since November...
Read MoreMore than 10.2 million taxpayers filed their 2020/21 tax returns by the 31 January deadline, down 500,000 on the previous year, leaving 2.3m taxpayers failing to file on time, HMRC has confirmed Deadline day saw 630,000 taxpayers filing their returns and the peak hour for filing...
Read MoreTax rebate companies usually take a 25% to 48% cut of all the claims they make according to an investigation from Which The investigation found that third party companies that claim a tax rebate on behalf of a taxpayer usually take a cut of 25-48% of...
Read MoreHMRC has waived late filing and late payment penalties for self assessment taxpayers by one month, effectively delaying the tax return deadline to 28 February The tax authority has announced that it will not give out financial penalties for late filing and late payments for self...
Read MoreThe Low Incomes Tax Reform Group (LITRG) is warning taxpayers never to share their Government Gateway username and password details with companies that offer to make tax relief claims on their behalf The warning comes after the LITRG has found examples of taxpayers who have seemingly...
Read MoreThere has been a 27% rise in Covid-19 Self-Employment Income Support Scheme (SEISS) fraud cases in the last three months but no further arrests Research collected from a Freedom of Information (FOI) request by law firm BLM found that between April and June 2021 abuse of...
Read MoreAs HMRC prepares to send emails and text reminders to self assessment taxpayers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year Fraudsters use self assessment to try and steal money or personal information...
Read MoreHMRC has released its response to feedback on proposals to reform the basis period accounting rules, making some amendments to the rules as a result The reform’s implementation has been delayed by a year, meaning the transition to the new rules will take place in 2023...
Read MoreA Sky sports presenter has lost a case at the First Tier Tribunal over his working status and whether his contract with Sky fell outside the IR35 rules Dave Clark worked as a freelance Sky presenter and commentator, primarily working on darts coverage for the broadcaster. The...
Read MoreHMRC is reminding taxpayers to check that they have the correct information in order to complete their paper self assessment tax returns by the month end deadline The deadline for 2020/21 paper tax returns is 31 October 2021 for those completed on paper forms and 31...
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