Category Archives: Income Tax

IR35: HMRC loses £243,000 tax case

Posted on November 27, 2019 | Posted in Accountancy, Accounting, Blog, HMRC, Income Tax, Personal Tax, Tax

HM Revenue & Customs (HMRC) has lost a case against an IT Consultant that the tax body deemed liable for £243,000 in tax under the IR35 rules. Continue reading →

Nine in 10 off-payroll workers incorrectly paying tax, says HMRC

Posted on November 1, 2019 | Posted in Accountancy, Accounting, Blog, Business, HMRC, Income Tax, Personal Tax, SME, SMEs, SMEs / Business, Tax

HM Revenue & Customs (HMRC) has published new guidance on changes to off-payroll working rules coming into effect in the private sector next year. Continue reading →

IR35: BBC Presenter loses appeal over £400,000 tax bill

Posted on October 30, 2019 | Posted in Accountancy, Accounting, Blog, Business, Employees, HMRC, Income Tax, Personal Tax, SME, SMEs, SMEs / Business, Tax

Television presenter Christa Ackroyd has lost an appeal at the Upper Tribunal over her tax status at the BBC. Continue reading →

Time to think about tax returns, says HMRC

Posted on October 25, 2019 | Posted in Accountancy, Accounting, Blog, Business, HMRC, Income Tax, Personal Tax, SME, SMEs, SMEs / Business, Tax

Is it that time of the year already?

Today, HM Revenue & Customs (HMRC) has reminded taxpayers that they have just 100 days to go until the 31 January tax return deadline. Continue reading →

HMRC wins IR35 case against BBC presenters

Posted on September 25, 2019 | Posted in Accountancy, Accounting, Blog, Business, Employees, HMRC, Income Tax, SME, SMEs, SMEs / Business, Tax, Tax Blog

HM Revenue & Customs (HMRC) has won an IR35 tribunal case against three BBC presenters at the High Court, which could have a significant impact on the broadcasting industry. Continue reading →

Making Tax Digital: what happens next?

Posted on September 11, 2019 | Posted in Accountancy, Accounting, Blog, Business, Corporation Tax, HMRC, Income Tax, Making Tax Digital, MTD, SME, SMEs, SMEs / Business, Tax, VAT

Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC). Continue reading →

New rules to crack down on ‘phoenix companies’ confirmed for April 2020

Posted on July 26, 2019 | Posted in Accountancy, Accounting, Blog, Business, HMRC, Income Tax, Insolvency, SME, SMEs, SMEs / Business, Tax, VAT

Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year. Continue reading →

Next Steps for Making Tax Digital

Posted on June 5, 2019 | Posted in Accountancy, Accounting, Blog, HMRC, Income Tax, Making Tax Digital, MTD, SME, SMEs, SMEs / Business

Making Tax Digital (MTD) was launched in April 2019 for VAT. Now, hundreds of thousands of VAT-registered businesses who are above the VAT threshold of £85,000 are recording and reporting their accounts digitally to HM Revenue & Customs (HMRC). Continue reading →

Workers could be missing out by not checking personal tax accounts

Posted on May 16, 2019 | Posted in Blog, Employees, Financial Planning, HMRC, Income Tax, Payroll, Pension, Pensions, Personal Tax, Tax Blog

According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts. Continue reading →