The following caught my attention today: Growing businesses to benefit from expert tax support A new service to directly help mid-sized businesses as they expand and grow, has been launched today by HM Revenue and Customs (HMRC). There are around 170,000 mid-sized businesses registered in the UK. Businesses with either a turnover of more than… Continue reading Are HMRC setting up as tax advisors?
Tax practitioners will be alarmed to hear that HMRC have set up a new online tax forum. Their press release says: A new online tax forum and dedicated webchat service for small businesses and the self-employed has been launched today (1 August 2017) by HMRC. The Small Business Online Forum is a quick and easy way… Continue reading HMRC offering advice!
Further guidance on the contents of the second finance bill for 2017 have been published on Gov.uk today. Download a copy here.
HMRC have published a list of the “washed-up” provisions in the March 2017 budget that will be reinstated when parliament reconvenes after the summer recess. The full text is reproduced below: List of provisions that will apply from the start of the 2017/18 tax year or other point before the introduction of the forthcoming Finance… Continue reading Clarity from HMRC…
I’ve added a new phrase to my list of HMRC favourites this week, it’s “Optional remuneration arrangements” – a crossword clue – 15 letters, two words? The answer, of course, is salary sacrifice, so why the more arcane version? I picked up the heading when I was researching detailed commentary by HMRC on the recent… Continue reading Salary sacrifice clarity from HMRC
These notes are copied from a Gov.uk announcement today: On 26 June 2017 changes will be made to UK anti-money laundering measures to help prevent money laundering and terrorist financing. It’ll increase the transparency of who owns and controls companies in the UK. This legislation will make changes to current requirements about people with significant… Continue reading Anti-money laundering measures are changing on 26 June.
New laws will force Scottish limited partnerships to disclose ownership and control information. Partnerships who fail to comply within 28 days will face fines. Laws will help to improve transparency of partnerships and act as a deterrent against their use for criminal ends. Around 30,000 firms registered as Scottish limited partnerships will be forced to… Continue reading Scottish LLPs subject to new regulation
HMRC have published the latest version of their Employment related securities bulletin (June 2017). See list of contents below: Contents ERS online service – deadline for returns Penalties for late returns Late filing penalties To cease a scheme registered in error or that is no longer required Participating company information Checking for errors
HMRC have kindly published a list of software vendors that they say offer solutions for micro traders. Apparently, some are free… As we progress towards MTD we will no doubt need to settle on a souped-up spreadsheet solution. Happy hunting.
HMRC has produced a short video that provides information about its toolkits (running time 3 minutes). Does anyone use these toolkits? PlayRewindForward Mute–Volume Down+Volume Up100% Details of the 20 kits available can be accessed here.