HMRC reminds self assessment customers of January deadline

HMRC is reminding Self Assessment customers that there are just 100 days left to complete their tax return ahead of the deadline on 31 January 2021.

Published 23 October 2020

Amazon swerves new digital services tax

The HMRC has admitted that Amazon will not be affected by the introduction of the new digital services tax, however, small traders who useth site to sell products will be penalised.

Published 14 October 2020

Over 54,000 taxpayers claim tax relief for working from home

HMRC has received more than 54,800 claims from customers using a new online portal which allows workers to claim tax relief for working at home.

Published 13 October 2020

HMRC investigation into Airbnb landlords may be last straw for short term letting growth, says Apropos

The forthcoming investigation by HMRC into Airbnb landlords may be the last straw for growth in the short-term lettings market, according to property management firm Apropos.

Published 12 October 2020

Grant Thornton: HMRC ramps up investigation of job retention scheme claims

Employers in Scotland who may have wrongly claimed support from the Coronavirus Job Retention Scheme (CJRS) are being warned to act now to avoid significant penalties from HM Revenue & Customs (HMRC).

Published 9 October 2020

HMRC self assessment customers to benefit from enhanced payment plans

Self Assessment customers can apply online for additional support to help spread the cost of their tax bill into monthly payments from yesterday without the need to call HMRC. 

Published 2 October 2020

Scotland sees rise in R&D tax relief claims

Scotland has seen another rise in R&D (research and development) tax credit claims, according to statistics released by HMRC yesterday.

Published 1 October 2020

Scottish savers earn HMRC 'Help to Save' bonus

Savers across Scotland who hold an HMRC Help to Save account have benefitted from their first bonus payment.

Published 22 September 2020

A quarter of UK's top earners are migrants, HMRC data reveals

Almost a quarter of the best-paid people in the UK are immigrants, according to analysis of tax returns collected by HMRC.

Published 22 September 2020

Moray fisherman jailed for avoiding £90,000 in tax payments

Alan Hunter, a Moray fisherman who underdeclared nearly half a million pounds over five years and did not pay any tax, was jailed for 15 months yesterday.

Published 11 September 2020

Shale aggregate extractors lose appeal against payment to redress unlawful tax break

A company that benefited from unlawful tax exemptions and was ordered to pay over £1 million to HM Revenue and Customs has lost an appeal challenging a payment order made to that effect. 

Published 8 September 2020

Furlough scheme fraud and error could cost £3.5bn, says HMRC

HM Revenue & Customs may have paid out up to £3.5 billion in furlough money on fraudulent or mistaken claims, it was revealed on Monday.

Published 8 September 2020

HMRC targets 24,000 firms who claimed too much furlough pay

HMRC is to contact 3,000 companies across the UK every week over concerns that they have over-claimed for employees furloughed through the Coronavirus Job Retention Scheme (CJRS).

Published 21 August 2020

HMRC is to extend reach of MTD for VAT, warns Saffery Champness

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform, according to chartered accountancy firm Saffery Champness.

Published 5 August 2020

Banks call for 'student loans' coronavirus debt repayment plan

UK banks have backed calls for a student loans-type repayment scheme for firms who have received coronavirus support loans to ensure struggling companies can make loan repayments. 

Published 16 July 2020