Self-employed workers may miss out on mortgages due to SA302 form changes

15 Sep 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently accountants

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Government begins to play its hand at the Brexit negotiation table

15 Sep 2017

The Government has begun to publish a number of position papers which aim to set out how it intends to negotiate with the EU during the Brexit process. The proposals, released at the end of August, set out how the

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HMRC given an extra £5.3 million to enforce minimum wage compliance

15 Aug 2017

According to the Government’s latest Labour Market Enforcement Strategy report HM Revenue & Customs (HMRC) is to receive an additional £5.3 million of funding in 2017/18 to ensure businesses are paying employees the national minimum wage (NMW) and national living

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Credit and debit card charges to be banned as cashless economy grows

15 Aug 2017

From January next year businesses across the UK need to ensure that consumers are no longer being charged extra for paying by debit or credit card, according to new legislation from the Government. It is thought that in 2010 alone

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Two fifths of SMEs say investment plans have been negatively affected by Brexit

15 Aug 2017

A new survey from the Confederation of British Industry (CBI) has revealed that more than 40 per cent of UK businesses believe that Brexit has hurt their investment plans. The Confederation’s latest Investment Survey clearly asked 357 companies in the

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Taylor report recommends review of cash-in-hand

15 Aug 2017

Cash-in-hand payments should be replaced with technology driven alternatives in the hopes of collecting up to £6 billion more in tax – this is the conclusion of a Government-commissioned review conducted by Matthew Taylor, head of the think-tank the Royal Society

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Making Tax Digital delayed by at least a year for the majority of businesses

15 Aug 2017

The Government has announced that it plans to delay the full implementation of digital taxation until 2020. Making Tax Digital (MTD), the details of which will be included in the upcoming Finance Bill for 2017, has already faced a number

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Landlords – unpaid tax should be declared sooner rather than later

15 Aug 2017

Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who fail to properly report their taxes. A number of reports have emerged recently which suggest that the Revenue’s Connect ‘supercomputer’ is

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Scammers take advantage of businesses ignorance on EU VAT rules

15 Aug 2017

Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers online, when it is not necessary. Typically businesses are told that as part of changes to EU legislation, which obligates all

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I’m a non-resident landlord. Do I have to file a tax return in the UK?

10 Jul 2017

If you have lived abroad for six or months or more in a year, you are classed as a “non-resident landlord”, and the income you receive from renting out your home whilst abroad is taxable in the UK. This needs

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