The court has dismissed the appeal of a company director against a personal liability notice (PLN) of £29,473.49 for a deliberate inaccuracy on his VAT returns The First Tier Tribunal has dismissed the appeal from Taha Osman against a penalty notice from HMRC for inaccuracies in...
Read MoreHMRC’s Making Tax Digital (MTD) programme is expected to generate £265m of additional revenue this year which is 45% lower than the original forecast of £470m A report by the National Audit Office (NAO) stated that the additional revenue from Making Tax Digital for 2020-21 was...
Read MoreIn our regular Q&A series, we review changes to the temporary reduced rate of VAT for supplies of catering, holiday accommodation and admissions to attractions from 1 October My client operates a furnished holiday let business and has been accounting for VAT at 5% on their...
Read MoreThere are two late payment penalties that may apply; a first penalty and then an additional or second penalty, with an annualised penalty rate. All taxpayers, regardless of the tax regime, have a legal obligation to pay their tax by the due date for that...
Read MoreHMRC have updated their guidance on checking whether contact from more than one communication method is genuine. Details of research on detached workers and social security has been added. Further details can be found at Check genuine HMRC contact that uses more than one communication method....
Read MoreBusinesses supplying digital services across the European Union will be able to register for a new online VAT service from 20 October. This will mean that they do not have to register VAT separately in each country where they do business. To help the estimated 34,000 or...
Read MoreBusinesses who make and sell apps or provide digital services to consumers in the European Union will see their paperwork increase in January due to new legislation to counter tax avoidance, experts have warned. Currently VAT on digital services is charged at the national rate where...
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