COMPLIANCE - 28.02.2024
HMRC targets cash traders in hot food and catering
HMRC’s computer system has identified 4,000 traders in the hot food and catering sector that may be under-recording sales. What does this mean for your business and could the review be extended to other sectors?
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SELF-ASSESSMENT - 20.02.2024
Pressure builds on cryptoasset owners
A national firm of accountants says HMRC is stepping up investigations relating to cryptoassets. If you own Bitcoin assets, should you be worried?
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ERRORS - 29.01.2024
Payment processor services: get the VAT treatment right
HMRC is concerned that many businesses receiving payments from customers are making errors when there is a fee deduction for payment processor services. What is the correct approach and what should you do if you have made past errors?
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PAYE ENQUIRIES - 04.01.2024
PAYE compliance check - what are your rights?
Our subscriber received a routine HMRC compliance questionnaire which he completed in full. HMRC then demanded more detailed information but without starting an investigation. Is our subscriber within his rights to refuse to supply it?
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VAT RETURNS - 30.11.2023
Change to VAT processing policy
If you submit a return late, HMRC could take longer to process it in the future, meaning an estimated debt will be held on file for longer. What does this mean for your business?
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ERROR CORRECTIONS - 31.10.2023
HMRC promises to speed up refund response
Many refund claims submitted to HMRC for past errors have been delayed by more than six months but it’s promised to improve the backlog. What does this mean for your business?
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