COVID-19: enhanced payment plans for Self-Assessment individuals

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.

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Coronavirus furlough and loan schemes further extended

As businesses prepare to enter a new year, the Chancellor Rishi Sunak has confirmed a further extension to the Government-backed loans and Coronavirus Job Retention Scheme (CJRS). In a move that the Chancellor said would provide “certainty for millions of

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The most common Self Assessment errors, according to HMRC

With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. It comes after research revealed that approximately

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Government has instructed fraudulent coronavirus loan applications to be reported

To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them. 

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New Companies House rules to “crack down” on corporate fraud

Directors will need to verify that they are real people before they can act for a company, according to new proposals.

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Scammers are targeting Self-Assessment taxpayers, says HMRC

HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the tax authority. HMRC has said that scammers are using calls, emails and texts to contact individuals in the run-up to

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Eat Out to Help Out compliance checks underway

More than 84,700 food and drink establishments took part in the Eat Out to Help Out (EOTHO) scheme, according to the Treasury’s latest figures. This resulted in 130,000 claims at the end of the scheme and is estimated to have

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Businesses face legal action over unpaid business rates

Local authorities have begun to take legal action against businesses that fail to pay their business rates bills. A new report from property consultancy Colliers has shown that an increasing number of businesses have begun to receive letters demanding payment

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HMRC publishes consultation on MTD for Corporation Tax

A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied to Corporation Tax (CT). Within the new consultation document, HMRC has made it clear

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HM Revenue & Customs issues Capital Gains Tax reminder

HM Revenue & Customs (HMRC) has issued a reminder of recent changes to Capital Gains Tax (CGT) to taxpayers and the impending deadline for reporting profits from sales of residential property in the 2019-20 tax year. Various changes to how

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