HMRC

6
Jun

Forms P11D – reporting employee benefits

  Forms P11D – reporting employee benefits The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information and completing the forms can take some time, so it is important that

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10
May

Money Laundering compliance list published

  Money Laundering HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations. As a supervisor of the regulations HMRC has a duty to publish details of businesses that have been penalised for not complying with the regulations. HMRC advises that it considers cases individually to decide whether to publish details in

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10
May

‘Springtime’ tax scams target young people

  ‘Springtime’ tax scams target young people HMRC has warned young people in the UK to ‘stay vigilant’ in order to avoid falling victim to ‘Springtime’ tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less familiar with the UK tax system. During the months of April and May,

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8
Mar

Phishing: Households with landlines should be vigilant

  Phishing: Households with landlines should be vigilant Over recent years HMRC has increasingly cracked down on email and SMS phishing,  and a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers. These calls are often made to landline numbers. According to Ofcom, nearly 26 million homes have a landline, many of which

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8
Mar

Employer Bulletin: Latest update for employers

  Latest update for employers HMRC has issued Employer Bulletin (February 2019) which includes a number of interesting articles on: End of year reporting Reporting expenses and benefits Student Loan notices and a new type of Student Loan repayment that employers will need to be able to process via payroll (Post Graduate Loans) Updates to the Starter checklist – used

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8
Mar

Brexit business advice – prepare for no deal

  Brexit business advice – prepare for no deal HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to prepare now and take steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal. HMRC’s Brexit business

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7
Feb

‘Unbelievable excuses’ for late filing of tax returns

  ‘Unbelievable excuses’ for late filing of tax returns HMRC has revealed some of the most ‘bizarre excuses’ taxpayers have given for failing to file their self assessment tax return on time. Excuses included ‘I’m too short to reach the post box’, and ‘my boiler had broken and my fingers were too cold to type’. One taxpayer claimed that a junior

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6
Feb

HMRC’s Voice ID database

  HMRC’s Voice ID database Since 2017, HMRC’s Voice ID database system has captured millions of callers’ voice data by encouraging the caller to say a key phrase instead of the conventional password to gain access to their accounts. However, non-profit organisation Big Brother Watch warns that people have been ‘railroaded into a mass ID scheme by the back door’ and

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6
Feb

MTD for VAT: Pilot extended to all eligible businesses

  MTD for VAT – pilot extended to all eligible businesses HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTD for VAT for some ‘more complex’ businesses has been deferred until

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6
Feb

Businesses urged to prepare for post-Brexit Customs Declarations

  Businesses urged to prepare for post-Brexit Customs Declarations HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains post-Brexit Customs, Excise and VAT procedure changes in the ‘unlikely event’ that the UK leaves the EU without a Brexit deal. HMRC’s

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