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Fixing a property return anomaly
Personal TaxWhere a disposal of residential property results in a tax bill, it has to be reported to HMRC within 60 days on a property disposal return (PDR). However, some individuals missed this requirement and have been unable to do so retrospectively because a self-assessment return has been filed in the meantime. What’s going on and what should you do in this situation?
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A timely review of payments on account
Personal TaxFor those in self-assessment, 31 July is an important date for a number of reasons. What are these, and why is it important to review taxable income ahead of Sunday’s deadline?
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New VAT registration service from 1 August
VATA new VAT registration service goes live for accountants and tax advisors on 1 August 2022. What does this mean for registrations awaiting submission?
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HMRC reveals details of R&D credits anti-fraud campaign
Business TaxEarlier in 2022, HMRC announced that it was suspending payments of R&D tax credits while it investigated some claims. It has now released details of a new campaign to fight fraudulent claims. What are they?
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Leadership race means more tax uncertainty for owner managers
Business Tax, Personal TaxHow is the scramble to replace the Prime Minister causing uncertainty for small company owners?
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HMRC reports low knowledge of cryptoasset tax treatment
Personal TaxHMRC has published a report on the popularity and understanding of the UK cryptoasset market. Worryingly, it seems that tax knowledge of this specialised, but growing, market remains relatively low. What’s the full story?