Latest News
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Trust registration penalties eased
Non-taxable trusts need to be registered with HMRC’s Trust Registration Service by 1 September. What happens if you miss this deadline?
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Fixing a property return anomaly
Where a disposal of residential property results in a tax bill, it has to be reported to HMRC within 60 days on a property disposal return (PDR). However, some individuals missed this requirement and have been unable to do so retrospectively because a self-assessment return has been filed in the meantime. What’s going on and what should you do in this situation?
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A timely review of payments on account
For those in self-assessment, 31 July is an important date for a number of reasons. What are these, and why is it important to review taxable income ahead of Sunday’s deadline?
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New VAT registration service from 1 August
A new VAT registration service goes live for accountants and tax advisors on 1 August 2022. What does this mean for registrations awaiting submission?
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HMRC reveals details of R&D credits anti-fraud campaign
Earlier in 2022, HMRC announced that it was suspending payments of R&D tax credits while it investigated some claims. It has now released details of a new campaign to fight fraudulent claims. What are they?
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Leadership race means more tax uncertainty for owner managers
How is the scramble to replace the Prime Minister causing uncertainty for small company owners?