Latest accounting and tax news

HMRC agree delay in tax return deadline

January 1, 1970

HMRC has announced that late filing penalties will be waived for taxpayers that file their 2020-21…

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Delay in implementing late payment penalties

January 1, 1970

In tandem with the announcement that no late filing penalties will be issued for 2020-21 Self-Assessment…

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Are you registered for Making Tax Digital for VAT?

January 1, 1970

Making Tax Digital (MTD) for VAT is to be extended to cover businesses with a turnover below the VAT…

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HMRC fraud squad net £1bn from criminals

January 1, 1970

HMRC’s Fraud Investigation Service (FIS) was launched in April 2016. The FIS is responsible for HMRC’s…

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Omicron funding delivered to local authorities

January 1, 1970

Just before the Christmas break, the Chancellor announced a new support package for some businesses most…

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Customs controls from 1 January 2022

January 1, 1970

There are special procedures for importing goods into the UK. Following the end of the Brexit transition…

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Beware online sales scams

January 1, 1970

A new government press release has been issued reminding the public that online sales scams continue to…

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Self-certified sick notes

January 1, 1970

The statutory sick pay rules were temporarily amended on 17 December 2021. The amendment allows employees…

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Will you need to pay-back Child Benefits?

January 1, 1970

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and…

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New powers for Insolvency Service

January 1, 1970

The Insolvency Service is a government agency that provides services to those affected by financial…

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