HMRC appeals to accountants for MTD pilot candidates

Personal Tax

Earlier in 2022, the number of taxpayers eligible for the current Making Tax Digital pilot was expanded. HMRC is now actively encouraging accountants and tax advisors to refer their clients to the service. What does it mean if your advisor recommends you for the pilot?

24.08.2022

HMRC might want a slice of your Commonwealth Games rental income

Personal Tax

During the Commonwealth Games many people looked for an income boost by renting property to spectators etc. If this includes you, why might you receive a letter from HMRC?

19.08.2022

Property gains reporting error

Personal Tax

If you're trying to report a gain on a UK property using the 60-day return, you may hit a stumbling block that gives an error message. However, the Institute of Chartered Accountants in England and Wales (ICAEW) has found a potential solution. What’s the full story?

18.08.2022

Were coronavirus and childbirth reasonable excuses for lateness?

VAT

A company paid its VAT bills late. The director argued that there was a reasonable excuse due to coronavirus, and his partner giving birth. HMRC rejected this, so he appealed to the tax tribunal. What was the outcome?

13.08.2022

Another rise in penalty interest rates looms

Business Tax, Personal Tax

Yet another increase in the various rates of interest HMRC charges on unpaid taxes will kick in from 15 August. What is affected and what will the new rates be?

09.08.2022

Trust registration penalties eased

Personal Tax

Non-taxable trusts need to be registered with HMRC’s Trust Registration Service by 1 September. What happens if you miss this deadline?

05.08.2022