The Chancellor has commissioned the OBR’s forecast for 31st October 2022, and will publish the Medium-Term Fiscal Plan on the … Continue reading Medium-Term Fiscal Plan (Budget)
Medium-Term Fiscal Plan (Budget)
Category: HMRC
HMRC cracks down on unlawful estate agents
HMRC adds 68 estate agents to the list of named businesses not complying with money laundering regulations. Dozens of estate … Continue reading HMRC cracks down on unlawful estate agents
November 2022 NI change – Drop the message
To ensure taxpayers understood their increased National Insurance contributions from 6th April 2022, that the additional contribution was to help … Continue reading November 2022 NI change – Drop the message
IR35 Off payroll working rules repealed from 6th April 2023 – cancelled
As part of the Chancellors Growth Plan 2022 speech: Mr Speaker, we can also simplify the IR35 rules – and … Continue reading IR35 Off payroll working rules repealed from 6th April 2023 – cancelled
Company Share Option Plan (CSOP) limits doubled
Growth Plan – a package of measures to deliver a pro-growth, simplified tax system that supports business investment across the … Continue reading Company Share Option Plan (CSOP) limits doubled
Tax cuts planned for April 2023
Chancellor announces new Growth Plan with biggest package of tax cuts in generations The government has announced that the planned … Continue reading Tax cuts planned for April 2023
Payroll 2022-23: November changes to NICs
The following has been provided by the HMRC Software Developer Support Team (SDST):- Dear Developer, On 22 September the Government … Continue reading Payroll 2022-23: November changes to NICs
HMRC late payment interest rates rise
The Bank of England Monetary Policy Committee voted on 22nd September 2022 to increase the Bank of England base rate … Continue reading HMRC late payment interest rates rise
3rd National Insurance change confirmed for 6th November 2022
The 1.25 percentage point rise in National Insurance will be reversed from 6th November 2022, the Chancellor Kwasi Kwarteng has … Continue reading 3rd National Insurance change confirmed for 6th November 2022
HM Treasury confirm Friday 23rd September 2022 for the mini budget
Subject to the agreement of the House of Commons, On Friday 23rd September, Chancellor Kwai Kwarteng will unveil the Growth … Continue reading HM Treasury confirm Friday 23rd September 2022 for the mini budget
Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral
The government has confirmed that payments of benefits normally due in accounts on Monday 19th September 2022 will be made … Continue reading Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral
State funeral will be a public holiday
King Charles III has approved, at the ceremony St James palace proclaiming him as monarch, a bank holiday across the … Continue reading State funeral will be a public holiday
Approved Mileage Allowance Payments error
HMRC’s Income Tax Policy Team has indicated that over the last 6 months, both HMRC & HM Treasury have received … Continue reading Approved Mileage Allowance Payments error
Directors of a tax avoidance promoters named for the first time
HMRC uses new powers to publicly name the directors of tax avoidance promoting companies. Tax avoidance bosses have been named … Continue reading Directors of a tax avoidance promoters named for the first time
HMRC interest rates to be revised
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 1.75%. HMRC … Continue reading HMRC interest rates to be revised
Organised Labour Fraud
As part of the August 2022 employer bulletin, HMRC has issued information on Organised Labour Fraud. Organised labour fraud is … Continue reading Organised Labour Fraud
PAYE new variable payment plan
From 19th September 2022, in response to feedback, employers’ with PAYE will be able to setup and take advantage of … Continue reading PAYE new variable payment plan
August 2022 HMRC Employer Bulletin
HMRC have published their August 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE PAYE Settlement … Continue reading August 2022 HMRC Employer Bulletin
Consultation launched to tackle tax rebate reprobates
We have all seen them, constant advertising to claim marriage tax allowance rebates, or tax reliefs for working from home. … Continue reading Consultation launched to tackle tax rebate reprobates
NI change 6th July 2022 – are you ready?
Increase in National Insurance thresholds On 23rd March 2022 in the Spring Statement 2022, the UK government announced an increase … Continue reading NI change 6th July 2022 – are you ready?
June 2022 HMRC Employer Bulletin
HMRC have published their June 2022 edition of the employers bulletin. It covers a multitude of topics. A primary focus … Continue reading June 2022 HMRC Employer Bulletin
HMRC urges customers to leave tax avoidance scheme promoted by London-based firm
HMRC names Peak PAYE Ltd as a tax avoidance promoter and urges individuals to withdraw from using it. This tax … Continue reading HMRC urges customers to leave tax avoidance scheme promoted by London-based firm
Takeaway boss who abused Covid-19 support schemes banned for 7 years
Company wrongly claimed £50,000 support during the pandemic through Eat Out to Help Out and furlough schemes. Ifraz Nabi has … Continue reading Takeaway boss who abused Covid-19 support schemes banned for 7 years
HMRC wins disguised remuneration tax avoidance case
The Court of Appeal has found in favour of HMRC that Mr Hoey was liable to pay the tax in … Continue reading HMRC wins disguised remuneration tax avoidance case
HMRC instructs agents they can stop using late P45’s
In the HMRC agent update 96 published 19th May 2022, revised guidance has been issued in relation to the late … Continue reading HMRC instructs agents they can stop using late P45’s