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Responding to a County Court claim
15/05/2018 - More...
It is important that any correspondence...

When might you be due a tax refund?
15/05/2018 - More...
HMRC has issued helpful guidance that...

NMW and LW enforcement measures
15/05/2018 - More...
A new press release has revealed that in...

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Responding to a County Court claim
15/05/2018 - More...
It is important that any correspondence received from the County Court is dealt with promptly. This should include taking proper legal advice when appropriate. Usually, a creditor asks the County Court to make a county court judgment (CCJ) against a person who is refusing to pay their bill. The CCJ rules apply to court orders in England...

When might you be due a tax refund?
15/05/2018 - More...
HMRC has issued helpful guidance that explains when you might be due a tax refund and how to make a claim. According to HMRC you may be able to claim a refund if you: are employed and had too much tax taken from your pay; have stopped work; sent a tax return and paid too much tax; have paid too much tax on pension...

NMW and LW enforcement measures
15/05/2018 - More...
A new press release has revealed that in 2017-18, HMRC investigators identified £15.6 million in back pay that is owed to over 200,000 of the UK’s lowest paid workers. This was an increase from £10.9 million for over 98,000 workers in the previous year. The launch of an online complaints service in January 2017 is thought to have been...

More warnings to beware of bogus tax refund scams
15/05/2018 - More...
Fraudsters are taking advantage of taxpayers who may be due a tax refund following the end of the 2017-18 tax year. HMRC is currently processing tax refunds, but the fraudsters are trying to get one step ahead. They do this by sending out scam emails and SMS-messages claiming to be from HMRC. Usually the messages include a click-through...

Pay and expenses for volunteers
15/05/2018 - More...
There are many rewarding opportunities for volunteering available across the UK. It is a popular misconception that only young people volunteer, however, people of all ages volunteer for numerous roles in a wide range of charitable and other sectors. There is no official minimum or maximum age for volunteering. However, the following...

Can a builder charge 5% VAT for their services?
15/05/2018 - More...
Whilst the majority of businesses charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that businesses should be aware. There are actually three separate VAT rates, the standard rate of 20%, the reduced rate of 5% and a zero rate. The reduced rate of VAT applies to the supply of certain goods and...

Pensions Regulator to seize assets
13/05/2018 - More...
The Pensions Regulator (TPR) has announced that employers who refuse to pay workplace pension fines could have their assets seized to pay their debts. TPR can issue fines to employers who fail to meet their automatic enrolment duties and can secure court orders if the debts are not then paid. TPR is to now appoint High Court Enforcement...

Advance assurance for R&D tax claims
08/05/2018 - More...
Advance Assurance for small companies that claim Research and Development (R&D) tax relief was introduced in November 2015. This measure makes it easier for small businesses investing in research and development to claim tax relief. Advance Assurance is available to companies who haven’t claimed R&D before, have an annual...

Are you making money from a hobby?
08/05/2018 - More...
The 'badges of trade' tests whilst not conclusive are used by HMRC to help determine whether an activity is a proper economic / business activity or merely a money-making side line to a hobby. However, there is a point where careful consideration needs to be given to deciding whether your hobby has in fact become a taxable trading...

When do you pay tax on lodger’s rents?
08/05/2018 - More...
The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home within certain limits to pay no tax on the lodger’s rents. The limit increased to a generous £7,500 from 6 April 2016 and remains unchanged for 2018-19. The relief applies to the letting of furnished accommodation and was...

Progress made towards one-day cheque clearance
08/05/2018 - More...
A new system that allows UK banks and building societies to scan cheques and clear them digitally rather than using the paper cheque for clearing is expected to be introduced from October 2018. The Image Clearing System (ICS) for cheques will cut down the clearing times from up to six days to just one day. The changes will facilitate...

Child Benefit claw-back
08/05/2018 - More...
The High Income Child Benefit charge came into force in January 2013 and applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child benefit. The charge claws back the financial benefit of receiving child benefit either by reducing or removing the benefit entirely. If you or your partner have exceeded...

Employers can claim back VAT from mileage claims
08/05/2018 - More...
HMRC operates a simplification measure that allows businesses to claim back VAT from mileage claims using a standardised scale charge to value fuel costs for private use. The scale charge is a fixed amount based on a vehicles CO2 rating. Most businesses, particularly small and medium sized businesses, which do not keep detailed mileage...

Stamp duty land tax for first time buyers
08/05/2018 - More...
New figures published by the government have revealed that 69,000 first-time home buyers have benefited from the recent changes to the Stamp Duty Land Tax (SDLT) rules. Under rules that came into effect on 22 November 2017, SDLT has been abolished for first time buyers making a purchase of up to £300,000. The figures covered the period...

Bid to tackle online VAT fraud
01/05/2018 - More...
HMRC is continuing to pressure online marketplaces marketplace (such as eBay or Amazon) to tackle online VAT fraud. Online marketplaces are already accountable for VAT fraud committed by online sellers on their platforms. These measures, known as joint and several liability (JSL) for marketplaces were extended earlier this year to help...

Scottish Limited Partnership reforms
01/05/2018 - More...
The government has announced a new crackdown to close loopholes that have been exploited by those using Scottish Limited Partnerships (SLPs). SLPs and Limited Partnerships (LPs) are used by many legitimate businesses particularly those in the private equity and pensions industry to invest more than £30 billion a year in the UK. SLPs and...

New laws to protect home address
01/05/2018 - More...
New laws have come into effect (from 26 April 2018) to help tackle the problem of identity fraud and personal harm for company directors. The new laws, which were introduced into parliament on 22 February 2018, allow company directors and others such as secretaries, people with significant control (PSC) and LLP members, to remove their...

Enterprise zones – new maps published
01/05/2018 - More...
Enterprise zones were first launched in 2011 and are specific geographic areas that provide various tax breaks and Government support. Businesses that set-up in enterprise zones can benefit from up to a 100% business rate discount worth up to £275,000 over a five-year period or 100% enhanced capital allowances (ECA) tax relief for...

More support for non-parental carers
01/05/2018 - More...
The government has announced that Universal Credit and Child Tax Credit support is to be extended to families who look after children who might otherwise be in the care of the local authority. Under the current guidelines, support in the form of Universal Credit and Child Tax Credit is available for a maximum of 2 children in a...

When you can or cannot change your company year-end
01/05/2018 - More...
There are special rules in place which limit the ability to change a company’s year end date. A company’s year end date is also known as its ‘accounting reference date’ and is usually set by reference to the date the company was incorporated. Under certain limited circumstances it is possible to make a change to the year end. However,...

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