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News Stories

Making a disclosure to HMRC

  • Posted On: 25 May 2017
Making a disclosure to HMRC HMRC has updated their online guidance for individuals and companies who have a disclosure to make that isn’t covered by a current HMRC campaign or the Worldwide Disclosure Facility. The guidance is relevant for disclosures relating to income tax,

Renewing tax credit claims

  • Posted On: 25 May 2017
Renewing tax credit claims Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2017. Claimants who do not renew on-time may have their payments stopped. HMRC has started sending tax credits renewal packs to tax

Reminder to claim the marriage allowance

  • Posted On: 25 May 2017
Reminder to claim the marriage allowance The marriage allowance came into force on 6 April 2015 and allows lower earning couples to share part of their personal tax-free allowance. The marriage allowance is available to married couples and those in a civil partnership where a spouse or

Lloyds bailout completed

  • Posted On: 25 May 2017
Lloyds bailout completed The government has announced that all of the government’s shares in Lloyds acquired during the financial crisis have now been sold. The sale of the final tranche of shares in the Lloyds Banking Group brings the amount recovered through sales and

Using your own car for work

  • Posted On: 25 May 2017
Using your own car for work Under certain circumstances, an employee can be paid a tax-free allowance by their employers when using their own car, van, motorcycle or bike for work purposes. It is important to note that this tax-free allowance does not include journeys to and

Tax Diary June/July 2017

  • Posted On: 22 May 2017
1 June 2017 - Due date for Corporation Tax due for the year ended 31 August 2016. 19 June 2017 - PAYE and NIC deductions due for month ended 5 June 2017. (If you pay your tax electronically the due date is 22 June 2017.) 19 June 2017 - Filing

G7 Finance Ministers meeting

  • Posted On: 18 May 2017
G7 Finance Ministers meeting The G7 is a forum of seven of the largest economies in the world. Italy currently presides over the group which comprises the UK, US, Germany, France, Italy, Canada and Japan. China, Brazil and India are not included. The group has in the past been

Advance Assurance for R&D

  • Posted On: 18 May 2017
Advance Assurance for R&D Advance Assurance for Research and Development (R&D) tax relief claims is available to small companies making their first R&D claim. To be eligible, the companies must also have an annual turnover of less than £2million and less than 50

Agent authorisation form

  • Posted On: 18 May 2017
Agent authorisation form The 64-8 form is the most commonly used form to authorise an agent, accountant or tax adviser to deal with HMRC on someone’s behalf. There are separate forms to authorise an agent to use the PAYE for Agents online service and for some High Income

Diverted Profits Tax

  • Posted On: 18 May 2017
Diverted Profits Tax The Diverted Profits Tax (DPT) came into force on 1 April 2015. The DPT is an anti-avoidance measure that targets large multinational businesses that the government deem to be using contrived and artificial arrangements to divert profits overseas