News

One in ten small businesses are concerned about business failure - September 5, 2018
News Article

A new study has revealed that in the last three months the number of SMEs predicting they could close has doubled from five per cent to 10 per cent. Produced by Hitachi Capital Business Finance,…Read more

HMRC releases new advisory fuel rates for company car users - September 5, 2018
News Article

With the price of fuel going up, employees and businesses will welcome new changes to the fuel advisory rates, which from 1 September 2018 have slightly increased on the previous quarter for some vehicles. Advisory…Read more

Property investments once again hit by new tax rules - September 5, 2018
News Article

In the last few years the property sector has been hit by a number of new tax rules, but now there are two new things on the horizon that landlords must consider. Rent-a-Room Scheme The…Read more

Reminder on changes to Corporation Tax notices - August 1, 2018
News Article

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax. Despite this move taking place nearly two years ago, a quick…Read more

Taxpayers warned of Requirement to Correct as deadline approaches - August 1, 2018
News Article

Taxpayers with undeclared offshore tax liabilities, including Income Tax, Capital Gains Tax or Inheritance Tax, are obligated to disclose these liabilities to HM Revenue & Customs (HMRC) on or before 30 September 2018 under HM…Read more

More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms - August 1, 2018
News Article

HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) reforms announced at the last Budget. During the period until 30…Read more

MTD for VAT clarified in new communication from HMRC - August 1, 2018
News Article

HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses had. VAT notice 700/22: Making Tax Digital…Read more

HMRC collects more than £30 billion worth of extra tax in last financial year - August 1, 2018
News Article

New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – an increase of nearly £30 billion on…Read more

Tens of thousands of fake HMRC websites taken down - August 1, 2018
News Article

Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than in the previous year. Although it has brought…Read more

Documents reveal HMRC plans to secretly access bank account information - August 1, 2018
News Article

Documents published online have revealed HM Revenue & Customs’ (HMRC) plans to secretly access bank account information. The planned new powers come in the form of information orders, which are used by the Revenue to…Read more