HMRC outlines changes to late payment penalty regime
September 2021
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers. The government intends to reform sanctions for late submission…
Digital marketplaces to report sellers' incomes from 2023
September 2021
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD). In February 2020,…
CIOT warns over stamp duty refund claims
September 2021
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true. The CIOT says an…
Contactless limit to increase to £100
September 2021
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, banking trade body UK Finance has confirmed. The decision to raise…
HMRC urges taxpayers to stay alert to digital scams
September 2021
HMRC has urged taxpayers to stay alert to the threat of digital scams and scammers claiming to represent HMRC. Research published by HMRC revealed that the number of tax-related scams…
BCC calls for government to extend skills training
September 2021
The BCC has urged the government to extend skills training in light of the publication of research which showed that one in five companies are considering making redundancies as a…
Advisory fuel rates for company cars
September 2021
New company car advisory fuel rates have been published and took effect from 1 September 2021. The guidance states: 'you can use the previous rates for up to one month…
Employers 'named and shamed' for paying less than minimum wage
September 2021
The government has 'named and shamed' 191 companies that have broken National Minimum Wage (NMW) laws. Following investigations by HMRC, the named firms have been fined for owing £2.1 million…
Consultation launched on self-employed basis period reform
August 2021
HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed. The consultation seeks to gather views on how best to implement…
The government has published draft Finance Bill clauses
August 2021
The Government has published draft clauses for the next Finance Bill, which broadly cover pre-announced policy changes. The government is committed, where possible, to publishing most tax legislation in draft…
Claiming the fifth self-employed Income Support Scheme (SEISS) grant
August 2021
HMRC has issued guidance on claiming the fifth and final self-employed Income Support Scheme (SEISS) grant. Unlike previous SEISS grants the amount of the fifth grant available is determined by…
ICAEW urges HMRC to scrap exemptions to simplify VAT rules
August 2021
In response to HMRC's consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all…
HMRC updates Salary Sacrifice guidance
August 2021
HMRC has updated the guidance on salary sacrifice. HMRC has removed the guidance on 'Salary sacrifice arrangements set up before 6 April 2017' as the transitional arrangements for calculating the…
Data reveals 1.9 million workers remain on furlough
August 2021
The Coronavirus Job Retention Scheme (CJRS) is being wound down on 30 September 2021 and data published by HMRC has revealed that 1.9 million workers remain on furlough. The data…
Pension scams average losses now over £50,000
August 2021
According to the latest figures from Action Fraud the average loss from pension scams has reached £50,949 this year. That is more than double the typical figure of £23, 689…
Increase in public trust in charities
August 2021
Public trust in charities has reached its highest level since 2014, according to research published by the Charity Commission. An independent study showed that people's trust in charities scored an…