HMRC: Update tax credit account or risk overpayment
Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned.
Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned.
The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced.
Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed.
The move comes after research revealed that an increasing number of people were choosing to give up all or part of their income despite not understanding the tax implications. What are the rules? Employers, directors and employees have the right to waive their salary or bonuses, known as a “waiver of remuneration”. In these situations, …
HMRC updates tax guidance for waiving income and bonuses and charitable giving Read More »
Updated guidance has revealed that the self-assessment payment on account deferral scheme will now apply to all taxpayers, not just the self-employed. This includes property income and individuals with investments.
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.
More than 3,000 Self Assessment returns were filed on Christmas day, HM Revenue & Customs (HMRC) has revealed.
HM Revenue & Customs (HMRC) has published new guidance on changes to off-payroll working rules coming into effect in the private sector next year.
Is it that time of the year already? Today, HM Revenue & Customs (HMRC) has reminded taxpayers that they have just 100 days to go until the 31 January tax return deadline.
Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year.