How could new “open banking enhancements” benefit your business?
Posted on September 28, 2023 Posted in - Blog, Blogs, Business, HMRC, SME
Your business could benefit from a new scheme being run by HM Revenue & Customs (HMRC). Read more…
Category: HMRC
Tax reliefs business owners can claim amidst record Corporation Tax payments
Posted on September 27, 2023 Posted in - Accounting, Blog, Blogs, Business, Business Blog, HMRC, Latest News, News, SME, SMEs, SMEs / Business, Tax, Tax Blog, Tax Planning
HM Revenue and Customs (HMRC) recently reported a record-breaking increase in Corporation Tax receipts for the 2022/23 tax year.
Closing on the inaugural Economic Crime Levy payment – What you need to know
Posted on September 19, 2023 Posted in - Blog, Blogs, Business, Finance, HMRC, Latest News, SMEs
As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment.
Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year
Posted on September 5, 2023 Posted in - Blog, Blogs, HMRC, Inheritance
While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning. Read more…
Navigating estate planning and Inheritance Tax: what you need to know
Posted on August 23, 2023 Posted in - Blog, Blogs, Financial Planning, HMRC, Inheritance, Latest News, News, Tax, Tax Planning
HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.
How businesses can navigate and avoid tax disputes with HMRC
Posted on August 1, 2023 Posted in - Blog, Blogs, Business Advice, Business Blog, HMRC, Latest News, News, Tax, Tax Blog
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted more than a year, this is clearly a widespread issue.
HM Revenue & Customs pledge £5.5 million to support customers
Posted on July 25, 2023 Posted in - Blog, Blogs, HMRC
HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes. Read more…
Are you aware of the Government’s Marriage Allowance?
Posted on July 5, 2023 Posted in - Blog, Blogs, HMRC, News, Personal Tax, Tax, Tax Blog
As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year.
Employee expenses and benefits: How to submit a P11D form
Posted on April 25, 2023 Posted in - Blog, Blogs, HMRC
Do not be stung when rewarding employees. Avoid penalties on employee benefits by correctly submitting P11D forms.
HMRC to launch new mandatory P87 expenses form
Posted on April 5, 2022 Posted in - Business News, HMRC
HM Revenue & Customs (HMRC) is to launch a new mandatory P87 form from 7 May to create a consistent standard for the P87s it receives. What is a P87 form? Workers and