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.

HMRC IR35 stats and update for contractors

HMRC has recently disclosed, in a statement on its website, that it collected a yield of £1.1m in relation to IR35 enquiries that were closed in 2012/13 (including some that were opened prior to 2012/13). […]

IR35 – how important is it to HMRC?

For many contractors, quite rightly, IR35 is at the centre of their regulatory concerns. However, a recent freedom of information request to HMRC, by an umbrella company, showed that they do not even hold any […]

HMRC Webinars – 7th December

In tandem with Small Business Saturday, HMRC is offering a series of live, one hour webinars on 7 December, aimed at individuals who have started their own enterprise or are about to. Timings and topics […]

HMRC getting tough on the little guy

Whilst Google was forced recently to again defend claims that it is not paying its fair share of UK tax – £11.6m of corporation tax in 2012 on sales of around £3.5bn – and Facebook […]

RTI: Real time Information – Guidance

Real time processing From April 2013, employers must start submitting PAYE information to HMRC in real time. In other words, every time an employee is paid, HMRC must be notified of this immediately. Currently, HMRC […]

Glitch at HMRC saying tax returns are still outstanding

  HMRC have sent out letters to companies saying that previous years corporation tax returns have not been filed and they have estimated the tax due for that period.  Included in the letter are details […]

HMRC News: Online Sellers need to register quickly!

  HMRC are pushing a “tax opportunity” currently being handed out to online sellers such as those who trade via ebay or other online market places.  In the recent email, the blurb offers non tax […]

HMRC News: E-traders beware!

HMRC have announced yesterday that another new campaign will be launched in the next year to target private tutors and e-marketplaces such as Ebay. The understanding is that HMRC believes that these two sectors knowingly […]