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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 ...
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The Digital Disclosure Service

HMRC has used targeted campaigns to recover underpaid taxes and penalties from specific sectors and industries where significant underpayment of ...
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Companies and trading losses

Corporation Tax relief may be available when a company or organisation makes a trading loss. The loss may be used ...
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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 ...
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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 ...
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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 ...
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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 ...
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Company director imprisoned

A director of a company that manufactured security systems has been found guilty of two counts of fraudulent trading and ...
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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 ...
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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 ...
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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 ...
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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 ...
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