TAX ENQUIRY - 19.10.2020
Too late to start a tax enquiry?
Our subscriber recently received a letter from HMRC saying that it’s started an enquiry into his 2018/19 tax return. A friend has told him that HMRC has missed the deadline for making enquiries. How should he respond to HMRC?
IR35 - 19.10.2020
HMRC updates IR35 guidance ready for 2021
IR35 changes recap. From 6 April 2021 if your business is medium-sized or large and uses the services of a person who provides them through an intermediary, e.g. a company or partnership, you (and not the worker) must decide whether the IR35 rules apply. HMRC has made changes to the guidance in its Employment Status Manual (see The next step ) to help businesses that may be affected by the new rules, whether as a supplier or recipient of services. These include: ...
EMPLOYER BULLETIN - 06.10.2020
Don’t forget the basics
The bi-monthly bulletin from HMRC serves as a reminder that coronavirus is not an excuse to ignore your day-to-day payroll obligations. What can you learn from the latest issue?
P11D - 24.09.2020
Coronavirus pressures hits HMRC system
Realocation. The deadline for filing the annual Form P11D is 6 July each year. However, due to HMRC staff being reallocated to prioritise helping businesses with coronavirus support for much of mid-2020, a huge backlog has built up in other areas and departments. ...
TAX - 08.09.2020
Get your tax refunds sooner
HMRC update. HMRC’s latest “Agent update” publication for accountants and tax advisors includes a reminder that it now automatically makes refunds of personal self-assessment (SA) tax and corporation tax (CT) sooner where it can do so through BACS. To do this it must have details of the bank account to which the refund should be sent. In our experience the absence of bank details means that any refund can take weeks rather than days to arrive as well as taking longer to clear through your bank. ...
PENALTIES - 08.09.2020
Tax declaration deadline approaching
Last year HMRC removed you from the self-assessment (SA) system even though you have tax to pay in January. Can you now safely assume HMRC will tell you if you owe more tax?