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Current Tax News

Submitting online VAT returnsFebruary 1, 2012
From 1 April 2012 all VAT Returns must be submitted online and payment must...

Commonwealth games tax break announcedFebruary 1, 2012
The Chief Secretary to the Treasury, Danny Alexander, has announced a tax b...

PAYE penaltiesFebruary 1, 2012
The tax office has now begun to issue penalty notices to employers that hav...

PAYE – share based paymentsJanuary 25, 2012
New regulations were introduced in April 2011 which changed the tax code th...

Fraudulent emails from 'HMRC'January 18, 2012
It is apparent that a significant number of fraudulent emails are stil...

Business records checks under reviewJanuary 18, 2012
The Business Records Checks programme imposes penalties for significant rec...

Contractual disclosure facility (CDF)January 18, 2012
A new Contractual Disclosure Facility (CDF) was launched by HMRC on 31 Janu...

Class 2 National Insurance contributionsJanuary 11, 2012
Class 2 National Insurance Contributions (NICs) are paid by all self-employ...

New PAYE coding noticesJanuary 11, 2012
New PAYE coding notices are being issued that inform taxpayers of...

Research and Development (R&D) tax creditsJanuary 11, 2012
Research and Development (R&D) tax credits were introduced for small an...

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Newsletter Archive

2011: April 2011

2010: November 2010; September 2010

2009: November 2009; April 2009

2008: August 2008

2007: October 2007; April 2007

2006: September 2006

2005: September 2005; February 2005

2004: October 2004; May 2004

2003: November 2003; April 2003

News

News

Submitting online VAT returnsFebruary 1, 2012: From 1 April 2012 all VAT Returns must be submitted online and payment must be made electronically. This measure completes a process started 1 April 2010 when VAT registered businesses with a turnover exceeding £100,000 and all newly VAT registered businesses were required to file VAT returns and ma...; More

Commonwealth games tax break announcedFebruary 1, 2012: The Chief Secretary to the Treasury, Danny Alexander, has announced a tax break for athletes that take part in the 2014 Commonwealth games in Glasgow. The move means that athletes from outside the UK will be exempt from UK income tax on any payment in connection with their performance in the UK. Und...; More

PAYE penaltiesFebruary 1, 2012: The tax office has now begun to issue penalty notices to employers that have not filed their starter and leaver forms online in the period 6 October 2011 to 5 January 2012. The penalties for failing to file online range from £100 up to a maximum of £3,000 depending on the number of forms that should...; More

PAYE – share based paymentsJanuary 25, 2012: New regulations were introduced in April 2011 which changed the tax code that applies to certain payments of PAYE income made to an employee after cessation of employment which have not been included in the form P45. The new regulations introduced the '0T' (zero T) code which deducts income tax at t...; More

Fraudulent emails from 'HMRC'January 18, 2012: It is apparent that a significant number of fraudulent emails are still being sent to taxpayers purporting to be sent by HMRC. The emails target taxpayers who may be expecting a refund of tax from HMRC and provide a link to a clone of HMRC's website where the recipient is asked to give their cr...; More

Business records checks under reviewJanuary 18, 2012: The Business Records Checks programme imposes penalties for significant record-keeping failures relating to Income Tax, Corporation Tax and VAT and applies to the self-employed, sole traders and businesses with a turnover of less than €50m and with less than 250 employees. HMRC has confirmed that it...; More

Contractual disclosure facility (CDF)January 18, 2012: A new Contractual Disclosure Facility (CDF) was launched by HMRC on 31 January 2012. The CDF is a facility for taxpayers to disclose serious tax fraud to HMRC. The CDF is only suitable for taxpayers who want to admit to tax fraud. It is not a method to notify HMRC about errors, mistakes or avoidance...; More

Class 2 National Insurance contributionsJanuary 11, 2012: Class 2 National Insurance Contributions (NICs) are paid by all self-employed taxpayers unless they qualify for the small earnings exemption or other exemptions that remove the necessity to pay. Class 2 NICs are payable at a flat weekly rate. Since April 2011, payments for Class 2 NICs became ...; More

New PAYE coding noticesJanuary 11, 2012: New PAYE coding notices are being issued that inform taxpayers of their new tax codes for the tax year beginning 6 April 2012. They will be sent to taxpayers during January, February and March 2012. The coding notices are designed to ensure that taxpayers pay the right amount of tax a...; More

Research and Development (R&D) tax creditsJanuary 11, 2012: Research and Development (R&D) tax credits were introduced for small and medium sized enterprises (SMEs) in 2000 and for large companies in 2002. R&D credits are a corporation tax relief that encourage innovation and enterprise within the UK economy. A number of changes to R & D tax...; More

Labour providers and the Olympic gamesJanuary 3, 2012: It has been estimated that the Olympic and Paralympic Games will involve more than 50,000 contracts, worth about £6bn. The sectors affected range from construction, engineering and manufacturing to creative, merchandising and retail at 34 Games venues around the UK. A news release has been published...; More

Self assessment deadline is approachingJanuary 3, 2012: The deadline for submitting 2010/11 self assessment tax returns online is 31 January 2012. Taxpayers should also be aware that payment of any tax due should also be made by this date. This includes both the payment of any balance of self assessment liability for the 2010/11, plus any payment on acco...; More

HMRC are now accepting faster paymentsDecember 21, 2011: HMRC have announced that with effect from 16 December 2011, they will be able to accept payment via the Faster Payment Service (FPS). The FPS was the first new payments service to be introduced in the UK for more than 20 years. The service enables electronic payments to be made and processed in...; More

Tribunal – late submission of P35December 21, 2011: A tribunal case once again looked at the issue whether HMRC had acted unreasonably in delaying the time it takes to send a penalty notice to taxpayers. In the most recent case heard by the tribunal, the taxpayer received a penalty for late submission of a P35 end of year employer return. The deadlin...; More

Budget 2012December 21, 2011: The Chancellor has announced that the 2012 Budget will be held on Wednesday, 21 March 2012. The date was announced when the Chancellor spoke before the House of Commons Treasury Select Committee. This will be Chancellor George Osborne’s third Budget and will take place on the final Wednesday before ...; More

HMRC use credit agencies to help identify fraudDecember 14, 2011: Two Government departments, HMRC and the Department for Work and Pensions (DWP), have signed a twelve month contract with a leading credit reference agency to help tackle fraud and error. All DWP means-tested benefits will fall under the scope of this collaboration, including Jobseekers Allowan...; More

Tribunal – one business or two?December 14, 2011: A recent case heard by the First Tier Tribunal concerned an appeal against a direction by HMRC that two separate rural businesses should be jointly registered for VAT. The background facts which were not disputed concerned a farm run by the same family since 1936. The farm is currently run by a marr...; More

Draft Finance Bill 2012 publishedDecember 7, 2011: The Government published the Finance Bill 2012 draft clauses, explanatory notes and draft secondary legislation on 6 December 2011. The draft legislation is open for consultation until 10 February 2012 and the draft Finance Bill is due to be published after the 2012 Budget. The Bill and explanatory ...; More

Duty free limits for travellersDecember 7, 2011: If you are travelling abroad make sure you comply with the following duty and tax free allowances. Travelling to a EU country Where tobacco or alcohol is brought in from another EU country no duties or tax will be payable as long as you can demonstrate that the goods are for your own use and ...; More

Rural fuel duty to be reducedNovember 30, 2011: The UK Treasury recently announced that the European Commission had approved in principle a UK government scheme to discount fuel duty for remote island communities. The final Council decision authorising the United Kingdom to apply reduced rates to unleaded petrol and gas oil was made on 24 Novembe...; More

Offshore bank accountsNovember 23, 2011: HMRC have been investigating more than 6,000 UK taxpayers who have or had offshore accounts with HSBC in Geneva, Switzerland for possible tax evasion. HMRC’s new Offshore Co-ordination Unit (OCU) are in the process of writing to these account holders asking them to provide written confirmation that ...; More

New taskforce to target landlordsNovember 23, 2011: A new HMRC taskforce has been launched to target tax evasion by landlords. The taskforce will initially target tax evasion amongst landlords in the North West and North Wales. The taskforce will target landlords that own and/or rent more than three properties. Mike Wells, HMRC's Director of Risk and...; More

Credit unions and co-operatives - new rulesNovember 23, 2011: Credit unions and co-operatives will be able to compete more effectively with the banking industry following the passing through Parliament of The Legislative Reform Order (LRO). The LRO makes changes to the Credit Unions Act 1979 and will come into force on 8 January 2012. The changes will sig...; More

Tax refunds for students and temporary workersNovember 16, 2011: Students and other temporary workers are reminded that they may not be required to pay any income tax on earnings that are below the tax free personal allowance for the year. This is especially important to remember at this time of year when many students and temporary workers take on part-time jobs...; More

New taskforce to target construction businessesNovember 16, 2011: A new HMRC taskforce has been launched to target tax evasion in the construction industry. The taskforce will initially target construction type businesses in the North West and North Wales. The initiative will focus on the self-employed as well as those who run their own companies an...; More

Channel Islands tax advantage to be removedNovember 9, 2011: HMâ€ˆTreasury has announced changes to the low value consignment relief (LVCR) rules that allow retailers based outside the EU to send goods to the UK VAT free. In order to tackle the growing trend of retailers sending large volumes of low value goods from the Channel Islands the use of the LVCR ...; More

PAYE pooling - consultationNovember 9, 2011: Many organisations, such as corporate groups of companies, professional partnerships, charities and public bodies, are made up of a number of separate entities. All separate entities that are employers have their own PAYE reference and are required to make payments and returns to HMRC to meet their ...; More

Tribunal awards costs to HMRCNovember 2, 2011: A Tribunal recently answered a taxpayer's request to provide more details regarding an award of costs to HMRC in relation to a decision which found in favour of HMRC. The decision concerned an appeal by the taxpayer relating to the VAT liability of fruit smoothies. The taxpayer argued that smoo...; More

HMRC win tax residency caseNovember 2, 2011: A long running tax case involving the UK tax residency status of a Seychelles-based British millionaire appears to have come to an end. A recent Supreme Court decision upheld a Court of Appeal decision and found in favour of HMRC. The dispute centred around HMRC’s non-residence guidance that outline...; More

Junior ISA’s launchedNovember 2, 2011: The new Junior ISAs designed to encourage children to save money were officially launched on 1 November 2011. The Junior ISAs will be welcomed by many parents following the phasing out of the Child Trust Funds (CTF) which ceased to be available to children born after 3 January 2011. However, th...; More

Furnished Holiday LettingsOctober 26, 2011: The furnished holiday let (FHL) rules allow holiday lettings of properties, that meet certain conditions, to be treated as a trade for tax purposes. Individuals, partnerships, trustees and companies who let furnished holiday accommodation situated within the UK or elsewhere in the EEA can benef...; More

HMRC tax rebatesOctober 26, 2011: As has been widely reported in the mainstream press, HMRC are currently writing to taxpayers who have paid the incorrect amount of tax due to errors within the PAYE system. The errors are thought to have affected approximately 6 million taxpayers who have paid too much tax. The overpayment...; More

200 year old employees!October 26, 2011: The problem of employers providing incorrect or incomplete PAYE paperwork was recently highlighted. According to data received by HMRC from employers the following anomalies have been observed: - 128 staff entered as Mr, Ms or Mrs “Dummy”- 572 people whose surnames only included the letter X, rangin...; More

National insurance holidays for new businessesOctober 19, 2011: The National Insurance holiday scheme is designed to help new businesses, in qualifying regional areas, to create jobs by reducing the costs of employing staff. The scheme is only open to qualifying new businesses outside London and the South East. Take-up of the scheme has been less than expec...; More

Tutors and coaches targetted by HMRCOctober 19, 2011: A new campaign to target individuals that provide private tuition and coaching has been launched by HMRC. The Tax Catch Up Plan is for tutors and coaches and includes: those in traditional academic areas, fitness and dance instruction, music teachers and services provided by life coaches. The c...; More

Construction industry scheme penalties take forceOctober 19, 2011: The construction industry scheme (CIS) comprises a set of special rules for tax and national insurance for those working in the construction industry. The penalties for late submission of CIS contractor monthly returns changed from October 2011 with the introduction of new legislation. The first ret...; More

Unexpected tax bills for pensionersOctober 12, 2011: The Consumer Credit Counselling Service (CCCS) charity have issued a warning to pensioners who first claimed their pension during the 2010/11 tax year that they could face unexpected demands for unpaid tax from HMRC. The CCCS says that notices are currently being sent out by HMRC to an estimated 1.2...; More

UK/Switzerland target tax evasionOctober 12, 2011: The UK and Switzerland signed a landmark tax agreement on 6 October 2011. The new agreement which still has to be ratified will introduce enormous changes to the taxation of offshore bank accounts in Switzerland from 2013. The agreement is expected to recover billions of pounds in tax and penalties ...; More

Employers - new HMRC powersOctober 12, 2011: From 6 April 2012, HMRC will have greater powers to help ensure that employers pay their PAYE tax deductions or Class 1 National Insurance contributions (NICs). The new powers will allow HMRC to obtain a security from employers where there is a serious revenue risk as a result of non-payment of empl...; More

Exceptions to October deadlineOctober 5, 2011: There are two minor exceptions to the paper filing deadline for the 2011 self-assessment tax returns of 31 October 2011. These are: When taxpayers received a tax return or a letter (called a 'Notice to File') telling them to file online after the 31 July. HMRC does not have software available ...; More

Alcohol fraudsters jailedOctober 5, 2011: The mastermind behind a criminal gang that illicitly sold alcohol at various locations around the UK has been jailed for almost five years. The gang bought alcohol from legitimate bonded warehouses. The HMRC investigation called 'Operation Installbox' discovered spirits, beer and wine being tak...; More

VAT – email enquiry serviceOctober 5, 2011: With immediate effect it is now possible to email HMRC with questions relating to VAT. A number of professional bodies have been requesting the introduction of this service over the last few years. HMRC strongly recommends that businesses with written questions use email rather than the postal...; More

Business Records Checks extendedSeptember 28, 2011: The business records checks programme is to be extended. Currently the programme of checks by HMRC impose penalties for significant record-keeping failures relating to Income Tax, Corporation Tax and VAT. The programme was launched earlier this year on a pilot basis which involved around 800 vi...; More

HMRC to target the richSeptember 28, 2011: A new team is to be set up next month to target the UK's 350,000 wealthiest tax payers. The Chief Secretary to the Treasury Danny Alexander made the announcement at the Liberal Democrat conference last week to keep up the pressure on both tax evasion and tax avoidance. The team, which the Chief Secr...; More

Fraudulent emails from 'HMRC'September 28, 2011: The problem of fraudulent emails being sent to taxpayers purportedly from HMRC is growing. The fraudulent emails inform recipients that they are due a tax rebate, and provide a click-through link to a replica of the HMRC website. These are not genuine HMRC messages and should be disregarded. It...; More

Duty on High and Lower Strength BeersSeptember 21, 2011: New duties are to be introduced on higher and lower strength beers with effect from 1 October 2011. The move is designed to help tackle problem drinking by encouraging industry to produce and drinkers to consume lower strength beer. A new additional duty known as High Strength Beer Duty (HSBD) was i...; More

Football directors disqualifiedSeptember 21, 2011: Four former directors of Luton Town Football Club (LTFC) have been banned from acting as directors or in any way managing or controlling limited companies for periods ranging from three to seven years. This follows an investigation into their conduct by The Insolvency Service (part of the Depa...; More

Contractor loses appealSeptember 14, 2011: The Court of Appeal recently considered an important case which has implications for many contractors who have used tax avoidance schemes to minimise their tax bills. The taxpayer in this case, an IT contractor, participated in a tax avoidance scheme operated through a partnership and a trust l...; More

Autumn statement 2011September 13, 2011: The Chancellor has announced that he will make his autumn statement to the House of Commons on 29 November 2011. The Chancellor also announced that the Office for Budget Responsibility will publish its economic and fiscal outlook. The autumn statement replaces the Labour Government’s pre-Budget repo...; More

Tackling mortgage fraudSeptember 13, 2011: A new scheme was launched earlier this month to help tackle mortgage fraud which was estimated at £1billion in 2010. The Mortgage Verification Scheme, first announced in the 2010 Budget, brings together HMRC, the Council of Mortgage Lenders and the Building Societies Association and has been refined...; More

Fraudulent plumbers arrestedAugust 30, 2011: HMRC have issued a news release to confirm that five plumbers have been arrested and that approximately six hundred more are under civil investigation. HMRC have said that these arrests are the start of co-ordinated action and more raids are expected to take place across the UK in regions including ...; More

Construction industry scheme (CIS) penaltiesAugust 30, 2011: The penalties for late submission of CIS contractor monthly returns changes from October 2011. The first return to attract a penalty under the new penalty regime will be the return due for the month ended 5 November 2011. HMRC recently published for comment an order that will bring the new late fili...; More

Paper self-assessment filing reminderAugust 30, 2011: The deadline for submitting paper tax returns for the tax year ended 5 April 2011 is 31 October 2011. If you file your return online the filing deadline for the 2011 return is 31 January 2012. There have been some changes to the penalty regime and any late submission will become immediately liable t...; More

Advisory fuel rates for company carsAugust 30, 2011: New advisory fuel rates for company cars take effect from 1 September 2011. These rates can be used to calculate the value of private fuel used by company car drivers. As recently announced by HMRC, fuel rates will now be reviewed four times a year with changes to take effect on 1 March, 1 June, 1 S...; More

Submitting intrastat declarationsAugust 23, 2011: HMRC have confirmed that changes to the way intrastat declarations are submitted are expected to take effect from April 2012. The changes are expected to: Introduce the mandatory electronic submission of intrastat declarations and Bring forward the monthly deadline from the last day, to the ...; More

VAT liability of green feesAugust 23, 2011: HMRC have issued a business brief concerning a recent decision by the First Tier Tribunal in connection with the VAT liability of green fees charged for visitors at non-profit making golf clubs. The golf club had historically accounted for VAT on its green fee income in accordance with the treatment...; More

Updated VAT flat rate scheme noticeAugust 23, 2011: HMRC have updated Notice 733 entitled 'VAT & the Flat Rate Scheme for small businesses'. The notice cancels and replaces the previous version published in January 2011. Normally the VAT businesses pay to HMRC is the difference between the VAT they charge their customers and the VAT paid on ...; More

Capital allowances loophole endedAugust 17, 2011: New capital allowances legislation is to be introduced in the 2012 Finance Bill to take effect from 12 August 2011. The legislation which had been proposed to take effect from April 2012 has now been brought forward and will close the capital allowances loophole that allowed businesses to ...; More

Changes to HMRC bank detailsAugust 16, 2011: As many of our readers will be aware, HMRC moved its banking business from The Bank of England a number of years ago. This change was as a result of a decision made by the Bank of England to no longer offer retail banking and clearing facilities for government and other large corporate cus...; More

Submitting online VAT returnsAugust 16, 2011: HMRC have issued a reminder that most businesses should be submitting VAT returns online. Since 1 April 2010, all VAT registered business with a turnover exceeding £100,000 and all newly VAT registered businesses have been required to file VAT returns and make payments online. VAT registered busine...; More

Delay in the issue of some self-assessment statementsAugust 16, 2011: HMRC have issued a further update in respect of the fact that a higher than anticipated number of self-assessment statements will be issued late this year. As previously announced, HMRC have been unable to issue all the paper self-assessment tax statements to taxpayers that should have received them...; More

New HMRC helpline launchedAugust 16, 2011: HMRC has announced the launch of a dedicated helpline number to help businesses and individuals adversely affected by the recent civil disorder across the UK. The dedicated civil disorder helpline is available to provide comprehensive advice and deal sympathetically with problems currently faced by ...; More

PAYE tax calculationsAugust 9, 2011: HMRC is currently sending out tax calculations to some taxpayers using the P800 form. The form shows HMRC’s tax calculations in respect of the tax year ending 5 April 2011. This form is sent to taxpayers after HMRC have received details of the salary, pension and tax paid for each individual from em...; More

Cigarette limits for travellersAugust 9, 2011: With effect from 1 October 2011 the minimum indicative level to determine whether tobacco imported from another EU Member State is for own use is to be reduced from 3200 cigarettes and 3kgs of smoking (hand rolling) tobacco to 800 cigarettes and 1kg of smoking tobacco. Where tobacco is brought in fr...; More

Student summer jobsAugust 9, 2011: HMRC have issued a news release entitled 'Summer job students reminded about tax'. Whilst the content of the news release is nothing new it serves as a useful reminder to students (and other temporary workers) that they may not be required to pay any income tax on earnings that are below the ta...; More

Tribunal - PAYE fixed penalty appealJuly 21, 2011: A recent tribunal hearing considered an appeal by a taxpayer who had sold his business back in July 2008. Upon the sale of his business the taxpayer paid his employees and issued them with P45 forms. As the business had ceased on 28 July 2008 an employer’s annual return should have be...; More

HMRC targets the fast food sectorJuly 21, 2011: HMRC have launched a new taskforce to target VAT fraud in London's fast food outlets. The launch of this taskforce follows the recent launch of taskforces to target the restaurant sector in London and other places in the UK. HMRC will be targeting fast food outlets suspected of deliberately keeping ...; More

Dormant bank and building society accounts July 20, 2011: New regulations came into force on 1 February 2011 which modify the tax rules for interest credited to a dormant bank or building society account. The regulations specifically concern monies transferred to the reclaim fund. HMRC have recently updated the 'Dormant account: frequently asked quest...; More

HMRC’s VAT initiative campaignJuly 19, 2011: HMRC have published detailed information on their plans to crack-down on individuals and businesses who are liable to register for VAT but have not done so. HMRC are in the process of sending some 40,000 letters informing certain businesses of the opportunity to register for VAT. The VAT initiative...; More

Tribunal case - VAT liability of green feesJuly 12, 2011: The First-Tier tribunal recently released its decision in connection with the VAT liability of green fees charged for visitors at non-profit making golf clubs. The golf club had historically accounted for VAT on its green fee income in accordance with the treatment outlined in UK law and HMRC’s guid...; More

Employer P11D, P11D(b) and P9D deadline expiredJuly 12, 2011: HMRC have issued a reminder that the deadline for submitting the 2010/11 forms P11D, P11D(b) and P9D has passed. The filing date for all the forms was 6 July 2011. HMRC remind employers to submit any outstanding forms as soon as possible as the information is required in order to make th...; More

New Stamp Duty Land Tax (SDLT) forms July 12, 2011: With effect from 4 July 2011, the use of the new style stamp duty land tax forms has become compulsory and each lead purchaser is now required to use a unique identifier. For individuals this is their national insurance number. Companies should use their company Unique Taxpayer Reference (...; More

Paying tax debts through PAYEJuly 12, 2011: HMRC have published a summary of responses in relation to its proposal to collect more tax debts through the use of the PAYE system. As part of these proposals secondary legislation is being amended to increase the PAYE coding threshold from £2,000 to £3,000 to facilitate the collection of more tax ...; More

National insurance number cardsJuly 5, 2011: As part of its cost saving measures, HMRC are to stop sending plastic national insurance number cards. The plastic card is to be replaced by a letter stating an individual's national insurance number. Since October 2010, HMRC no longer send replacement national insurance number cards but will p...; More

Class 2 National Insurance contributionsJuly 5, 2011: HMRC have issued a reminder that no Class 2 National Insurance contributions (NICs) payment request will be issued this month. This follows the introduction of changes to the payment dates for Class 2 NICs earlier this year. Class 2 NICs are paid by all self-employed taxpayers unless they qualify fo...; More

PAYE - Real time information July 5, 2011: HMRC have published new information including FAQ's on the planned introduction of a system to collect real time information (RTI) for PAYE. Currently the major updates to the PAYE system take place when annual employer returns are submitted. HMRC's plan is to move to a system where employers ...; More

Tax implications of the Welsh carrier bag chargeJune 28, 2011: The Welsh Assembly Government is set to introduce a charge for single use carrier bags. With effect from 1 October 2011 a minimum charge of 5p will be introduced as part of the Welsh Government's goal to reduce the number of bags given to shoppers. From this date, single use carrier bags will n...; More

New HMRC initiatives to target tax evasionJune 28, 2011: HMRC have issued a news release entitled 'HMRC extends tax cheats campaigns' to warn individuals and businesses of plans to target tax cheats over the next year. The publication of this news release follows a number of recent initiatives by HMRC to target specific sectors which has include...; More

Tax evasion in the restaurant sectorJune 28, 2011: HMRC have issued an update on the task forces aimed at tackling tax fraud and unpaid taxes in the restaurant trade. The task forces which had started working in London will now also target high risk restaurants in Scotland. The new task forces are comprised of multiple teams from across HM...; More

Tax credits deadlineJune 28, 2011: Families and individuals that receive tax credits should renew their claims by 31 July 2011. Claimants that do not renew on-time may have their payments stopped. Claims should be renewed by completing the renewals pack that was sent by HMRC earlier this year. HMRC need to be notified where...; More

Fraudulent emails from 'HMRC'June 28, 2011: HMRC is warning of new fraudulent emails being sent to taxpayers. The emails take advantage of the upcoming July 31 deadline for submitting tax credits renewal information. The fraudulent emails inform recipients that they are due a tax rebate and provides a click-through link to a replica of the HM...; More

Making self assessment payments by chequeJune 21, 2011: Whilst HMRC encourage taxpayers to make payments electronically using direct debit, BillPay or online banking services, there are still taxpayers that wish to make payments by cheque. HMRC request that wherever possible this is done using the computer-printed payslip issued by HMRC. However, w...; More

VAT notesJune 13, 2011: HMRC has published the latest quarterly edition of VAT notes which includes a summary of all recent changes to the VAT rules and announces future changes. The main topics covered in the latest edition are as follows: Online VAT filings – From April 2012 virtually all VAT registered busin...; More

Changes to HMRC mail handlingJune 13, 2011: The first phase of a scanning facility by HMRC for incoming post has now been implemented. The first phase includes incoming post relating to enquiries into self-assessment returns of non-business customers and compliance checks on employers. The new scanning process is expected to provide bene...; More

Contacting HMRC enquiry centresJune 13, 2011: HMRC have announced that new opening hours have taken effect in some of their enquiry centres from 13 June 2011. A link to an excel spreadsheet which details the opening hours for all 282 enquiry centres across the length and breadth of the country can be found at www.hmrc.gov.uk/enq/ec-open-ho...; More

Advisory fuel rates for company carsMay 30, 2011: HMRC have announced that new advisory fuel rates take effect from 1 June 2011. HMRC have also announced that the fuel rates will now be reviewed four times a year with changes to take effect on 1 March, 1 June, 1 September and 1 December. Due to the increased review time, HMRC's previous policy...; More

New campaign to target VAT cheatsMay 23, 2011: HMRC have announced that they are to launch a new campaign to tackle VAT cheats. A news release published by HMRC details plans to crack-down on individuals and businesses that are liable to register for VAT but have not done so. HMRC are currently discussing their plans with interested pa...; More

Employer Annual Return May 23, 2011: HMRC have confirmed that employers that have not yet filed their 2010-11 Employer Annual Return will be charged a late filing penalty. The deadline for submitting both forms P14 and P35 was 19 May 2011. Employers that didn't file online before the deadline or did not receive confirmation that t...; More

SDLT – Transfers of multiple dwellingsMay 23, 2011: HMRC have published new draft guidance on the stamp duty land tax (SDLT) reliefs for transfers involving multiple dwellings. In the 2011 Budget, the Chancellor announced details of a new SDLT relief which will benefit purchasers of residential property who acquire more than one dwelling. The new rel...; More

‘Basic PAYE tools’ updated version availableMay 17, 2011: HMRC have launched the latest version of the 'Basic PAYE Tools' on their website. The latest version of the tools is: 3.1.0.15205 and the new update includes the 2011 Budget changes. Employers should ensure that they are using the latest version. This can be done by selecting the 'Options' icon...; More

VAT - Missing trader fraudMay 10, 2011: HMRC have published a new leaflet intended as a quick guide on how to spot missing trader fraud when dealing with prospective customers and suppliers. Missing trader fraud also known as 'carousel fraud' usually involves the small high value goods such as computer chips or mobile phones which ar...; More

PAYE Regulations 2011 – an updateMay 3, 2011: HMRC have published a Tax Information and Impact Note (TIIN) concerning the PAYE regulations 2011. The new regulations define the '0T' (zero T) and 'additional rate' income tax codes with effect from 6 April 2011. The '0T' code deducts income tax at the basic, higher and additional rates depend...; More

Employers' payslip booklets May 3, 2011: Employers that make non-electronic payments to HMRC are reminded to check if they have received the 2011-12 Payslip Booklets. Employers that have not received a booklet by 6 May 2011 are asked to use the online facilities to make payment. A Payslip Booklet is not required for ...; More

PAYE penaltiesMay 3, 2011: HMRC have now begun to issue the first penalty notices to employers with 50 or more employees that have not filed their starter and leaver forms online in the period 6 January 2011 to 5 April 2011. The requirement for employers with 50 or more employees to file forms P45 (Parts 1 and 3), P46, P...; More

Tax credits renewal reminderApril 19, 2011: Families and individuals that receive tax credits are reminded to renew their claims upon receipt of the renewal pack currently being mailed by HMRC. The deadline for renewing claims is 31 July 2011. Claimants who do not renew on-time may have their tax credit payments stopped. Claimants...; More

VAT Fuel Scale Charges April 19, 2011: The new VAT fuel scale charges have been published. The changes amend the VAT scale charges for taxing private use of road fuel to reflect changes in fuel prices. The new fuel scale charges must be used by companies from the start of their next prescribed accounting period beginning on or after 1 Ma...; More

New self-assessment penalties April 19, 2011: New penalties for late filing and late payment of self-assessment income tax returns came into effect on 6 April 2011. The new penalties will apply to late 2010-11 and subsequent tax returns. The penalties increase the greater the delay in filing self-assessment returns or making payments due t...; More

PAYE real time information pilotApril 12, 2011: Further details on HMRC's plans to collect PAYE information in 'real time' have been announced. Currently the major updates to the PAYE system take place when annual employer returns are submitted. HMRC's plan is to move to a system where employers send HMRC information about tax and other...; More

Class 2 National Insurance contributionsApril 12, 2011: Changes to the payment dates for Class 2 National Insurance contributions (NICs) became effective from 6 April 2011. Class 2 NICs are paid by all self-employed taxpayers unless they qualify for the small earnings exemption or other exemptions which remove the necessity to pay NICs. Class...; More

Offshore tax evasionApril 12, 2011: A new penalty regime has come into force for tax periods commencing on or after 1 April 2011. The new regime introduces the possibility of larger penalties for taxpayers who fail to provide a full account of their income tax or capital gains tax liabilities, where the failure is linked to an offshor...; More

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