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Displaying 1-10 of 16 results
Deadline for providing agent codes extended
- Article
- 20 Nov 2024
Agents now have until 6 December 2024 to send HMRC details of the codes they use for self assessment, VAT and corporation tax.
Why previous efforts to simplify VAT have failed
- Article
- 19 Nov 2024
Fifty years on from its introduction, VAT is a complex tax that taxpayers struggle to understand. Despite attempts at simplification, including by the Office of Tax Simplification itself, VAT remains notoriously complicated. Experts explain why this is the case.
940,000 employers to pay more NIC in 2025/26
- Article
- 19 Nov 2024
Legislation introduced to Parliament provides for the changes to employers’ national insurance contributions (NIC) announced at the Autumn Budget 2024.
Tax news in brief 20 November 2024
- Article
- 19 Nov 2024
Highlights from the broader tax news for the week ending 20 November 2024, including: an update on MTD ITSA; suggestions for HMRC on how to reduce the tax gap; and legislation to enact the changes to business rates announced at the Autumn Budget 2024.
Request overlap information from HMRC by 31 December
- Article
- 18 Nov 2024
Taxpayers and agents needing to use HMRC’s online service to obtain overlap relief details for 2023/24 income tax self assessment tax returns are asked to do so by 31 December 2024.
HMRC cuts interest rates for tax
- Article
- 18 Nov 2024
The rates at which HMRC charges and pays interest on tax have been reduced to reflect the recent fall in the base rate. As announced in the Autumn Budget 2024, the rates for late payments will increase by 1.5 percentage points from April 2025.
Help ICAEW tackle PAYE liabilities and payments discrepancies
- Article
- 15 Nov 2024
ICAEW’s Tax Faculty is asking employers to provide details on a confidential basis of discrepancies between their records and HMRC’s pay as you earn (PAYE) liabilities and payments records.
Government tests AI chatbot for tax and other questions
- Article
- 12 Nov 2024
Following an initial phase of testing, up to 15,000 people will now be able to ask the government’s generative artificial intelligence (AI) chatbot for help and information on business rules and support, including tax, as part of the current testing phase.
Government and developers commit to MTD ITSA from 2026
- Article
- 12 Nov 2024
Recent announcements by the government and software developers remove any doubt about the introduction of making tax digital income tax self assessment (MTD ITSA).
HMRC provides further guidance on FHL abolition
- Article
- 12 Nov 2024
HMRC has published guidance to clarify issues raised during the consultation on the draft legislation to abolish tax rules for furnished holiday lets (FHLs).
Displaying 1-10 of 16 results