Category: HMRC Updates

Get the latest HMRC updates that matter to contractors, freelancers and small businesses.

IR35 developments, VAT rate changes, Making Tax Digital (MTD), Self Assessment and more.

Off-payroll changes to IR35 to the private sector

Budget 2018: The headlines

The Budget 2018 was released yesterday, and it seems it was a hugely anticipated budget for many reasons – Brexit and IR35 to name a few.  Here are some of the main changes discussed in […]

HMRC Bank Raid Powers Revised

Controversial plans, first announced in the 2014 Budget, that allow HMRC to raid bank accounts and take overdue tax, have been softened by the Treasury, after coming under sustained criticism from banks, accountants, MPs, debt […]

Big Brother is watching – how HMRC targets abuse

It’s no secret that HMRC has been clamping down on unpaid tax, on the back of government initiatives to reduce the deficit and a wave of anti-tax avoidance public opinion. As well as continually tweaking […]

Tax advice for buy-to-let landlords… HMRC is watching

HMRC is increasing its clamp-down on what it believes is the many thousands of landlords that do not correctly declare or account for their rental income for tax purposes. They will be writing to some […]

HMRC’s Top Areas of Enquiry

It’s no secret that HMRC are constantly cracking down on tax loopholes, schemes and non-compliant practices. Some of the top areas where we currently understand HMRC is focusing its attention for recouping unpaid taxes are […]

Record HMRC receipts from tax avoidance clamp down

The government has raised a record £23.9bn in additional tax for the year to the end of March as a result of a crackdown on tax avoidance, almost £1bn higher than the target set by the […]

HMRC News: Employment Allowance on employer’s NI

Tax savings from 6th April 2014 With effect from 6th April 2014, HMRC are introducing an Employment Allowance which enables businesses to reduce the employer’s national insurance liability on salaries paid up to a maximum […]

HMRC News: Real time information penalty deadlines relaxed

HMRC has pushed back the deadline by when automatic penalties will begin to apply for in-year late filing of Real Time Information payroll returns, or the late payment of related taxes. Overdue filing will now […]