This is where we keep you up to date with announcements by HMRC, share tips to help you save money and run your business.
Q: In June 2023, you said that it wasn’t free of tax if the employer reimbursed an employee when recharging their electric car from home – but it is if we allow them to recharge at the workplace. We have a workplace EV charger and reimburse the employees who ...
Read moreThis is another article about Self-Assessment, specifically Student Loans and applies where: - A taxpayer has an obligation to complete a Self-Assessment return, and- They have an outstanding Student Loan balance (or Postgraduate Loan)- Some of the Loan repayment is calculated in the employer’s payroll but ...
Read moreIn October, we wrote about the Self-Assessment registration deadline (the 5th). Hot on the heels of this, you may receive communication in the following weeks or months from HMRC about the requirement to complete a Self-Assessment tax return. The thing that stands out from the communication is HMRC’...
Read moreThere are two ways to register for VAT: - The VAT Registration Service (VRS) - online, or- The VAT1 form – paper by post This is set to change in November 2023 when only the online VRS route will be available. HMRC said in their September Agent Update that already 95% ...
Read moreHMRC used to offer an Inheritance Tax and Probate Helpline. From 02 October 2023, the dedicated helpline is closed. This is all part of HMRC and HM Courts and Tribunals Service (HMCTS) working together with the intention of improving the service for probate and Inheritance Tax customers. There are now ...
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