HM Revenue & Customs (HMRC) has been accused of breaching data protection laws by collecting and storing more than 5m records of taxpayers’ voices without their permission through its telephone services. When users call HMRC they are requested to repeat the phrase “My voice is my password” on an automated line as a security precaution […]
Last night saw the 2018 renewal of the HSBC organised Professionals’ Table Tennis tournament. First and foremost, it was a great evening, with generous support pledged for the chosen LOROS Charity. The tournament comprised a mix of accountants, bankers and lawyers – with Magma once again coming out on top and retaining their title. With Magma’s staff […]
From 1 October 2019 a VAT reverse charge will apply in the UK to supplies of construction services. Draft regulations have been published for consultation, setting out the details. This will mean that the customer will be liable to account to HM Revenue & Customs (HMRC) for the VAT in respect of supplies of certain […]
Just to remind all employers, the deadline for submitting P11D forms to HM Revenue & Customs (HMRC) is 6 July. This is also the date by which employers must provide details of class 1A National Insurance contributions owed for 2017-18. These must be paid by 22 July (or 19 July for cheques). If you would […]
HM Revenue & Customs (HMRC) will charge penalties if: your Full Payment Submission (FPS) was late you did not send the expected number of FPSs you did not send an Employer Payment Summary (EPS) when you did not pay any employees in a tax month HMRC will not charge a penalty if: your FPS is […]
HM Revenue & Customs (HMRC) has extended the deadline to take advantage of a settlement opportunity by four months for contractors and others who have used disguised remuneration loan schemes. Information must be provided to HMRC by 30 September. It is worth noting that from April 2019 a loan charge will apply to such schemes. […]
If you leave the UK to live abroad, whether permanently or on a temporary basis, there are tax implications and HM Revenue & Customs (HMRC) should be informed. If you leave part way through a tax year you may be entitled to a tax refund, in particular in respect of some tax paid at source […]
HMRC have been consulting on the introduction of a new requirement to make a payment on account of CGT due on the sale of residential properties within 30 days of completing the sale. The expected changes would mainly affect those disposing of a second home or rental property. They would not apply where the gains […]
HM Revenue & Customs (HMRC) has been tackling bogus websites posing as official HMRC sites which have been redirecting people to premium rate phone numbers. Fraudsters develop copycat websites that look similar to HMRC’s official site and use them to promote phone numbers to call the taxman that can cost callers up to £3.60 per […]
