The Maternity Allowance

June 14th, 2018

Women who find that they are not eligible to claim Statutory Maternity Pay may nevertheless, still qualify for the Maternity Allowance (MA). The amount of MA you get will depend on eligibility. You might get Maternity Allowance for 39 weeks if one of the following applies: you’re employed, but you can’t get Statutory Maternity Pay […]

Construction sector VAT shakeup

June 13th, 2018

Government are considering an extension of the VAT reverse charge to include the construction sector. The reverse charge process places the responsibility for paying VAT on the customer instead of the supplier. In their explanatory notes on this topic HMRC said: What is being done and why 7.1 This instrument, with effect from the 1st […]

Ring in the changes, or else

June 7th, 2018

There are a number of obligations that business owners should be aware, that involve them informing HMRC of changes to their business circumstances. In some cases, failure to comply may result in fines. We have paraphrased some of occasions when you will need to advise HMRC: You must tell HMRC if you decide to change […]

Tax Diary June/July 2018

June 6th, 2018

1 June 2018 – Due date for Corporation Tax due for the year ended 31 August 2017. 19 June 2018 – PAYE and NIC deductions due for month ended 5 June 2018. (If you pay your tax electronically the due date is 22 June 2018) 19 June 2018 – Filing deadline for the CIS300 monthly […]

What to do if you cannot pay your tax

June 6th, 2018

HMRC will consider extended options for settling your outstanding tax bill. The key is to contact HMRC, explain why you can’t pay on time, and discuss how you can settle any outstanding liabilities. If you can’t pay before the deadline, call the Business Payment Support Service. Anyone can use this service, not just businesses. Business […]

Crackdown on abuse of UK businesses

June 6th, 2018

Reforms are being considered that will ensure that Scottish Limited Partnerships continue to be used as a legitimate vehicle for investment in the UK. Measures to crack down on the abuse of a specialised financial arrangement to launder foreign money through the UK was unveiled at the end of April 2018. This is part of […]

Thousands receive back pay

June 6th, 2018

In a recent press release, HMRC urged underpaid workers to complain as figures show that the number of workers getting the money they're owed by employers has doubled after interventions by HMRC. According to latest figures, in 2017-18, HMRC investigators identified £15.6 million in pay owed to more than a record 200,000 of the UK’s […]

Employees holiday entitlement

June 6th, 2018

The following definitions should help to clarify employee and employer rights and responsibilities regarding entitlement to holiday pay. Almost all workers are legally entitled to 5.6 weeks’ paid holiday per year (known as statutory leave entitlement or annual leave). An employer can include bank holidays as part of statutory annual leave. Most workers who work […]

Premium rate fraudsters

June 5th, 2018

There seems to be an endless growth in illegal sites who aim to make money by claiming to be associated with HMRC. The Government announced recently that it had scuppered one of these schemes. According to HMRC: Scammers create websites that look similar to HMRC’s official site and then direct the public to call numbers […]

Tax free home rentals

May 31st, 2018

Since April 2016, the amount of tax-free income you can earn from letting a room in your home has increased to £7,500 per annum, or £3,750 if two persons own a property jointly. You can use the scheme if: you let a furnished room to a lodger your letting activity amounts to a trade, for […]

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