VAT: deregistration enquiries reap rewards
Recently we have noticed that there appears to be a co-ordinated strategy by HMRC to review the national option to tax records whenever a business […]
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HMRC
VAT Update – Charities & Not for Profit
Level playing field… Charities and Not for Profit businesses providing care and welfare services are increasingly being depended upon to take up the role previously
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What is changing with IR35?
Do you understand your responsibilities under IR35? Changes are coming from April 2017 If all of the following apply then you need to follow IR35
What is changing with IR35? Read More »
Making Tax Digital: What’s the story?
Following the initial announcement in December 2015, this week HMRC has finally launched a consultation process on the Making Tax Digital (MTD) initiative. The MTD
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UK Trust Reporting – Part 2. Is the Trust a Financial Institution?
Is the trust a Financial Institution or a NFFE (non-financial foreign entity)? The rules surrounding the classification of an FI are complex. Broadly speaking, for
UK Trust Reporting – Part 2. Is the Trust a Financial Institution? Read More »
Charities denied millions from on-line donations by HMRC
CHARITIES have been denied millions of pounds because donors wrote personal messages on fundraising website JustGiving, according to a recent article in The Times. Officials
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Action plan to simplify EU VAT regime
The VAT Action Plan announced recently by the EU Commission consists of four main threads A single EU VAT system Plans for dealing with VAT
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Are VAT Inspectors an Endangered Species?
During the past few weeks, a number of business have received notifications from HMRC, informing them that it would like carry out a “remote” VAT
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Valuation insights: HMRC withdraws valuation checks services
With effect from 31 March 2016, HMRC’s Shares & Assets Valuation is withdrawing its valuation services for PAYE health checks and ITEPA (Income Tax (Earnings
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HMRC’s collect additional £3.5 billion through focusing on SME VAT underpayment
HMRC has raised £3.5bn in the last year through investigations into the under-payment of VAT by small businesses, suggesting that these businesses are coming under
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