Know Your Rights Before You Let Them In Most people are familiar with fraudulent emails, text messages and telephone calls claiming to be from HMRC. However, there is another form of impersonation that deserves attention: individuals turning up at homes or business premises pretending to be HMRC officers. This is particularly concerning because a face-to-face […]
Company directors are being warned about convincing scam emails claiming to be from Companies House. The emails tell directors that they must urgently verify their identity and invite them to click a link marked “Verify Your Identity Now”. However, the link is designed to capture valuable personal information, potentially including passport details and financial data. […]
HMRC Whistleblower Reward Scheme What Every Business Owner Must Know Before HMRC Comes Knocking HM Revenue & Customs (HMRC) has introduced a strengthened whistleblower reward scheme that could dramatically increase tax investigations into UK businesses. Under the new rules, individuals who provide HMRC with credible information leading to the recovery of at least £1.5 million […]
HRMC has issued an order to seize £26.5m worth of cash allegedly obtained fraudulently through the furlough scheme from ‘non-existent’ businesses run by an ‘entrepreneur’. On Monday, Cardiff Magistrates Court District Judge Shoman Khan granted HMRC a forfeiture order over five Nationwide building society accounts. Judge Khan described the amounts involved in the case as […]
MTD for pensioners whose pension is more than £10,000 Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 to […]
MTD for an Employee with more than £10,000 untaxed income Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 […]
MTD for Small Companies Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 to 4, this is Part 5 […]
MTD for self-employed Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 to 3, this is Part 4 of […]
VAT Record-Keeping and MTD Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1, and Part 2, this is Part […]
Understanding ‘Making Tax Digital’ Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Key compliance Keep records digital Submit the return at least every 3 months Final submission 10 months after year-end or 31 January […]