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Genuine messages from HMRC
HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising phishing emails and texts ...
The Digital Disclosure Service
HMRC has used targeted campaigns to recover underpaid taxes and penalties from specific sectors and industries where significant underpayment of ...
Companies and trading losses
Corporation Tax relief may be available when a company or organisation makes a trading loss. The loss may be used ...
VAT – option to tax
There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and ...
Self-assessment filing deadline
The 2017-18 tax return deadline for taxpayers using a paper self-assessment return is 31 October 2018. Late submission of a ...
Importing from non-EU countries
There are special rules for businesses that import goods from non-EU countries. Whilst most smaller businesses importing goods will use ...
The end of late payments by large organisations?
The government has been trying to combat the widespread issue of large businesses abusing their position by making late payments ...
Company director imprisoned
A director of a company that manufactured security systems has been found guilty of two counts of fraudulent trading and ...
High penalties for offshore tax evasion
There are higher penalties for taxpayers evading Income Tax and Capital Gains Tax relating to offshore matters. HMRC’s compliance check ...
Ways to liquidate a limited company
There are a number of reasons why a limited company may be no longer required and can be shut down ...
Eligibility to claim Entrepreneurs’ Relief
Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a ...
Limitations of trivial benefit claims
Under HMRC’s rules, there is no tax to pay on trivial benefits in kind (BiK) provided to employees where all ...