Making Tax Digital (MTD) for Income Tax is in full swing, but there is still confusion in the air over who is exempt from these requirements.
Read More »Are you exempt from Making Tax Digital for Income Tax? HMRC clears up the confusion
HMRC has sent out a message to some of the 12 million people with Self Assessment tax accounts in the last week or so, alerting them to the need to file their next Self Assessment tax return.
Read More »Is now the perfect time to file your Self Assessment tax return?
From 1 April 2029, all VAT-registered businesses will need to change the way that invoices are handled.
Read More »91 per cent of SMEs are unaware of HMRC’s new e-invoicing requirements
The new tax year has recently begun and it is a time when businesses and individuals will need to review their position to ensure that… Read More »What happens when you underpay tax?
Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold.
Read More »HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax
The UK’s economic picture remains uncertain ahead of the Autumn Budget and with the economy growing at a very slow pace, investors and taxpayers are feeling the pinch with a record number set to face a Dividend Tax bill.Read More »Record numbers face Dividend Tax bills: How does this affect taxpayers and investors?
HM Revenue & Customs (HMRC) recently published its latest round of penalties for businesses breaching money laundering regulations, and the numbers should make any business owner sit up and take notice.
Read More »Are you on HMRC’s radar? The rising cost of money laundering compliance breaches
If you have undeclared income or assets held overseas, you may owe tax in the UK.Read More »What is the Worldwide Disclosure Facility and when should you use it?
We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay vigilant against a surge in tax-related scams.
Read More »Are you prepared to spot scams this Self-Assessment season?
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.
Read More »Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
