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HMRC Support With Childcare Costs

With more employees going back to work after the end of CJRS furlough support, they need to start thinking about childcare if they have children. If they haven’t already done so employees should set up a “Tax-Free” Childcare Account to help pay towards the cost of childminders, breakfast and after school clubs, nursery fees and […]

Read more October 11th, 2021

Off-Payroll Working – Will HMRC Accept Result?

Since 6 April 2021 large and medium-sized organisations have had to determine whether or not a worker supplying their services via their own personal service company would be treated as an employee if directly engaged. HMRC suggest organisations use their Check Employment Status for Tax (CEST) tool on their website to check the worker’s status, […]

Read more August 10th, 2021

Guidance On SEISS Turnover Test Issued By HMRC

The fifth (and final) Self-Employed Income Support Scheme (SEISS) grant has been available for the self-employed to claim since the end of July. HMRC has contacted those traders that may be eligible with their claim date. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 […]

Read more August 9th, 2021

HMRC Warning Not To Use Unfunded Pension Arrangements

HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and National Insurance contributions. HMRC strongly believes these arrangements do not work and will seek to challenge anyone promoting or using these arrangements and make sure the correct tax is paid. Users of these arrangements may […]

Read more July 13th, 2021

Furlough Grant Reduces To 70% For July

For the month of‌‌ July, the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This is despite the fact that “Freedom Day” in England has been delayed four weeks to 19 July 2021, and now called “Terminus Day”. The government support to […]

Read more July 12th, 2021

HMRC VAT Direct Debit Letters

HMRC are sending out letters to VAT registered businesses advising them that their Direct Debits may be cancelled for VAT if they have not provided their email address to HMRC. In order for HMRC to comply with the UK banking regulations, they must advise you in advance of the amount of VAT they will be […]

Read more June 21st, 2021

HMRC Urge Businesses To Carry Out Due Diligence On Supply Chain

HMRC is warning organisations about the use of mini umbrella companies in the labour supply chain and the need to carry out due diligence to protect the organisation from financial and reputational damage. Without a careful review of their labour supply chain, the end-user could find themselves liable for Tax, National Insurance and VAT avoided […]

Read more May 19th, 2021

New Personal Service Company Rules Start This Month

The “off-payroll” working rules that apply to certain workers supplying their services to clients via their own personal service companies start from 6 April 2021. Under this new regime end user businesses will be required to determine whether that individual would have been treated as an employee or not if directly engaged. This will be […]

Read more April 13th, 2021

Budget Summary Spring 2021

Chancellor Rishi Sunak presented his much-anticipated second Budget on Wednesday 3 March 2021. There were many rumours of changes that would be implemented, but much of the content concerned maintaining the current position for up to five years causing a fiscal drag to boost tax revenues.  In his speech, he stated his Budget ‘meets the […]

Read more March 4th, 2021

VAT Updates For December 2020

VAT deferred due to Coronavirus If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt into the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more […]

Read more December 9th, 2020

Business Christmas Gifts

How about a virtual Christmas Party? HMRC are not the Grinch after all. They have recently announced that employers may arrange a “virtual” Christmas party this year and there will be no taxable benefit for employees provided that all staff are invited and the cost per head does not exceed the normal £150 limit. Maybe […]

Read more December 9th, 2020

New Penalties For Overclaimed CJRS, SEISS And “Eat Out To Help Out” Grants

HMRC have announced that they will be imposing penalties of up to 100% of the amounts overclaimed on businesses so make sure that your claims are correct. The penalties depend on whether or not the overclaim is the result of a deliberate error and whether or not the disclosure was prompted by HMRC. The penalty […]

Read more December 9th, 2020

AirBNB Reporting Property Rental Details To HMRC

You may have seen in the newspapers that Airbnb will share data with HMRC about the earnings of hosts (those who let out property) on its UK platform in the years 2017/18 and 2018/19. It is anticipated that HMRC will use this data to open enquiries into the tax affairs of individuals who have not […]

Read more November 12th, 2020

More Time To Pay Tax Due On 31 January 2021

Those taxpayers who may have difficulty paying the tax due under self-assessment on 31 January 2021 can agree more time to pay with HMRC provided the amount outstanding is no more than £30,000. The government have already agreed that amounts due under self-assessment on 31 July 2020 could be deferred until 31 January 2021, but […]

Read more November 11th, 2020

Review Of Furlough Claims

In recent weeks, HMRC have been making it clear that they will be auditing furlough claims where they believe there has been an inaccuracy, whether deliberate or not. They believe between 5-10% of claims made contain some form of error. It is likely that there will be a large number of furlough claims across the […]

Read more September 22nd, 2020