Hundreds of businesses and sole traders in Cumbria could be in for a shock as they begin accruing penalties for failing to comply with Making Tax Digital for VAT, according to award-winning Cumbrian
Since the beginning of April, VAT registered businesses with a taxable, annual turnover below £85,000 must now comply with HM Revenue & Customs’ (HMRC) flagship digital tax system and new electronic filing requirements.
From 1 September, changes to the rules regarding the Trust Registration Service (TRS) mean that more trusts will need to be registered with HM Revenue & Customs. The TRS was introduced five years
When HM Revenue & Customs’ (HMRC’s) current guidance on the tax treatment of tips and troncs was first published back in 2014, tips and troncs were paid almost exclusively in cash or through
There has been a surge in new company formations in the last few years, as entrepreneurs develop new and exciting business ideas and bring them to market. On top of this, there are
HM Revenue & Customs (HMRC) has retained its online portal for claiming working from home tax relief for the 2022/23 tax year. But, while the rules and value of the relief remain unchanged,
Throughout the pandemic and into the current recovery period, the Government has offered a number of loans to help businesses survive and invest for their future. However, only the Recovery Loan Scheme remains
HM Revenue & Customs (HMRC) is issuing fresh warnings to employers to ensure their payment reference numbers are correct so that payments are recognised. Each payment reference number relates to a specific employer
Award-winning Cumbrian accountancy firm, Lamont Pridmore, is calling on local business owners to take urgent action in light of rising costs. Many companies currently face a perfect storm of reduced trading, the end
One of Cumbria’s leading accountancy firms, Lamont Pridmore, has appointed a new Operations Director to its South Cumbria team. Dawn Devine joins the family run firm of Chartered Accountants, Tax and Business
