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Displaying 1-10 of 19 results
Drop proposed basis period reform, urges ICAEW
- Article
- 31 Aug 2021
Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital will cause as many problems as it solves and would be a backwards step for affected businesses, warns ICAEW.
HMRC clarifies interaction between EA and NIC element of CJRS grants
- Article
- 27 Aug 2021
HMRC has confirmed that employment allowance deductions may only be made in periods after the claimant has given notice and offers further clarity on the implications for those who have claimed government COVID-19 support.
HMRC’s telephone and post performance remains poor
- Article
- 27 Aug 2021
HMRC has published its performance data for April to June 2021 and highlighted some welcome improvement in call answering. However, the details show that considerable problems remain and ICAEW members continue to report poor experiences in telephone and post handling.
Anyone can be a victim of digital scammers, warns HMRC
- Article
- 26 Aug 2021
Taxpayers are being urged to remain cautious of digital approaches claiming to be from HMRC, as tax-related scams have almost doubled in the past 12 months. ICAEW’s Tax Faculty highlights HMRC support on spotting scams and checking that contact is genuine.
Income tax self assessment: who’s in and who’s out?
- Article
- 26 Aug 2021
ICAEW’s representation to the Tax Administration Framework Review pointed out that the criteria for who does and doesn’t need to file a self assessment tax return are arbitrary and need to be reviewed. The Tax Faculty explains the rules as they currently stand.
Tax news in brief
- Article
- 25 Aug 2021
Highlights from the broader tax news week ending 25 Aug, which includes: draft guidance on notification of uncertain tax treatment rules, a new online service to apply for VAT partial exemption using a special method, launch of an API to submit interest restriction returns and a reminder for parents of 16 year olds on child benefit claims.
Latest SEISS guidance and updates from HMRC
- Article
- 24 Aug 2021
As the mid-point of the applications window for SEISS 5 grants approaches, HMRC has clarified some of its guidance. ICAEW’s Tax Faculty explains what has changed and shares the latest information on tax returns.
CIOT hosts virtual conference to support tax charities
- Article
- 23 Aug 2021
The Chartered Institute of Taxation has organised a virtual conference covering current tax issues for private clients and owner-managed businesses on 13 September. The half-day event aims to help two tax charities: TaxAid and Tax Help for Older People.
HMRC extends agent access to employer clients’ data
- Article
- 23 Aug 2021
HMRC is extending the private beta pilot service which gives agents access to liability and payments data in clients’ PAYE for employers accounts. ICAEW’s Tax Faculty explains the developments.
Duty-free limits are back for summer 2021
- Article
- 23 Aug 2021
Since 1 January 2021 when the UK left the EU, the benefit of a “booze cruise” has been severely limited. It is no longer possible to simply load up wine purchased from your favourite French vineyard, or indeed a superstore in Calais, and return to the UK without a few extra considerations.
Displaying 1-10 of 19 results