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Genuine HMRC messages

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising
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Free television licences scrapped for over-75s

The TV licence fee has not been payable by those aged 75 or over since 2001. During 2015, the
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HMRC blocks phone fraudsters

Fraudsters have been blocked from using HMRC’s most used helpline numbers after the
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HMRC cancels penalties charged to 6,000 families

The High Income Child Benefit Charge (HICBC) was introduced in January 2013 and applies a charge to
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On your e-bike

The Cycling Minister, Michael Ellis, has announced a number of changes to the Cycle to Work scheme
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What records must a VAT trader keep?

There are distinct rules that VAT registered businesses must follow when keeping VAT records. This
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New crackdown on funeral plans

The government has announced new plans to crackdown on high pressure and bullying tactics to sell
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Working tax credits you could claim

The Working Tax Credit (WTC) is designed to help taxpayers on low incomes by providing top-up
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Working from home allowance

If you are self-employed and running a business from your home, there are simplified arrangements
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Working past retirement age

There are many taxpayers who have reached the State Pension age and continue to work. In most cases
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Company Unique Taxpayer References

The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should
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Not sure if you need to submit a tax return?

There are a number of reasons why you may need to register with HMRC to submit a tax return. This
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Have you adopted the new minimum wage rates?

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1
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Deadline to reduce taxable benefits

Employees can often reimburse their employers for benefits provided in order to lessen their
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Tax Diary June/July 2019

1 June 2019 - Due date for Corporation Tax due for the year ended 31 August 2018. 19 June 2019 -
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Pre-trading expenses for a rental business

There are special rules for the pre-trading expenses of a rental business. If the expenses were in
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VAT Margin Scheme on sales of vehicles

A Margin Scheme is an optional method of accounting which allows certain businesses to calculate
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Reasonable excuses for late payment or filing

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. As
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Claim for money owed to you

If you are owed money by an individual or business, there is a procedure you can use called making
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Less is more – MTD regulations relaxed

Starting from April 2019, most VAT-registered businesses that have a taxable turnover over
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The scope of CGT incorporation relief

Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed
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Entrepreneurs’ relief minimum period increased from April 2019

Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an
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CGT and chattels

A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are
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Tax on a private pension you inherit

Private pensions can be an efficient way to pass on wealth, but it is important to consider what,
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Want to pay-off your student loan in full?

Student Loans are part of the government’s financial support package for students in higher
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How to treat post-cessation items if property business ceases

There are special rules for the taxation of post-cessation receipts after a trade has ceased. The
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Chargeable benefits from cheap loans

An employee can obtain a benefit when provided with an employment-related cheap or interest-free
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Child benefit payments

The weekly rates of child benefit for the only or eldest child in a family is currently
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Last call, are you ready for revised digital filing of your VAT returns?

Most VAT registered businesses with a turnover above the VAT threshold need to be ready to keep
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Submitting P11Ds is just the start of your obligations

We would like to remind employers that the deadline for submitting the 2018-19 forms P11D, P11D(b)
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Landlords, time to consider your options?

Two changes to the way Private Residence Relief works are due to come into effect from April 2020.
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NICs and termination payments

The National Insurance Contributions (NICs) Bill was introduced into Parliament on 25 April 2019.
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Renewing your tax credit claim

Families and individuals that receive tax credits should ensure that they renew their tax credit
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Beware Limited Cost Test if you use the VAT Flat Rate Scheme

The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT
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Will your gift aid donations create a tax bill?

The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs
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What is business relief for Inheritance Tax purposes?

Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable
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Tax Diary May/June 2019

1 May 2019 - Due date for Corporation Tax due for the year ended 30 July 2018. 19 May 2019 - PAYE
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VAT and transfer of business as a going concern

The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of
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Dealing with property income losses

Where a property business makes a loss, the loss can usually be carried forward and set against
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How to register as self-employed

Are you self-employed? HMRC’s guidance says that you are probably self-employed if
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Maternity pay explained

How much maternity leave can you take? If you work as an employee and become pregnant you are
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More about Debt Relief Orders

Last week we posted that it is over 10 years since Debt Relief Orders (DROs) were first introduced
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Let Property Disclosure Campaign

The Let Property Campaign provides landlords who have undeclared income from residential property
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Welsh Income Tax takes effect

The start of the 2019-20 tax year marked a fundamental change to the way Income Tax is calculated
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Job related expenses you can claim against your tax

If you are an employee and use your own money to buy things that you need for your job, you may be
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Estate Agents targeted

HMRC has launched an unannounced crackdown on money laundering regulation non-compliance by estate
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Tenth anniversary of first Debt Relief Order

Debt Relief Orders (DROs) were first introduced in April 2019. The DROs assist people who have
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New guidance on the impact of Brexit on workplaces

Acas has published new general guidance to assist employers and employees in understanding the
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Right to work checks for EU nationals after Brexit

The government has published new guidance which confirms that, once the UK leaves the EU and
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Capital expenditure for property businesses

There are different rules which apply to different types of capital expenditure for a property
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Child Benefit Tax Charge

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax
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Latest advice from government if we leave the EU

Although the EU have now extended the deadline to agree the withdrawal agreement - to 31 October
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Dormant assets scheme expanded

Under the current scheme, banks and building societies transfer the money held in dormant accounts
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VAT Fuel Scale Charges

The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges
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The meaning of trade for tax purposes

Interestingly, there is no statutory definition of ‘trade’. The only statutory reference to the
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Corporation Tax loss relief for losses carried forward

Corporation Tax relief may be available where your company or organisation makes a trading loss.
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Minimum wage increases come into effect

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1
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When do you have to register to submit a tax return?

There are a number of reasons why you may need to register with HMRC to submit a tax return. This
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Early birds get time to pay

The 2018-19 tax year ended on 5 April 2019 and the new 2019-20 tax year started on 6 April 2019.
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Getting tax relief sooner for charitable donations

If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the
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Employment law changes taking effect in April 2019

The National Minimum Wage (NMW) and National Living Wage (NLW) rates will increase from 1 April
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Income excluded from UK property business

Most of our readers will be aware of the £1,000 property income allowance that came into
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Is HMRC’s message real or fake?

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising
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Do you employ an au pair?

There are special rules that need to be taken into account if you employ an au pair in your home.
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Repay your employer for private fuel

Where an employee with a company car is provided with fuel for their own private use by their
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Making Tax Digital for VAT

The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT
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Removing your home address from the public register

Since April 2018 company directors and other eligible people such as company secretaries, people
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What is a finance lease?

The definition of a finance lease can be difficult to pin down. In legal form a finance lease is
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Changes to VAT IT systems if no-deal Brexit

In a letter being sent to businesses across the country, HMRC has published the following
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Present tax-free company benefits

The list of company benefits that can be provided tax-free to employees is quite short. However,
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Keep abreast of Brexit news

As the Brexit date fast approaches, it seems the only thing we can say with any certainty is that
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2019 Spring Statement: employment implications

In the Spring Statement 2019, the Chancellor of the Exchequer has announced that the apprenticeship
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Full EU Settlement Scheme roll-out

The government has laid a Statement of Changes to the Immigration Rules implementing the full
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Sale of income by an individual

A capital sum received by an individual in respect of the sale or relinquishment of income to be
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What are the badges of trade?

The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an
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Treatment of deposits for VAT purposes

As a general rule, most deposits made by customers serve as advance payments and create a VAT tax
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Lost your Unique Tax Reference number?

Your Unique Taxpayer Reference (UTR) identifies your tax records at HMRC. The number is also known
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Topping up your self-employed NIC contributions

In many circumstances it can be beneficial to make voluntary Class 2 National Insurance
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Utilising unused losses for CGT

Sometimes tax-payers may sell an asset at a loss. If acceptable as capital losses, they can be
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Companies House – Late Filing Penalties

There are Late Filing Penalties which are designed to encourage companies to file their accounts
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Have you received income in the form of loans?

HMRC has issued a new briefing paper on disguised remuneration charge on loans. Disguised
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Last chance to get ready for VAT filing changes 1 April 2019

The deadline for the introduction of VAT filing changes is now just weeks away. For VAT returns
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Are you claiming the Marriage Allowance?

HMRC has published a press release to remind qualifying couples to claim the Marriage Allowance.
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Company tax deductions for charitable donations

There are special rules in place when a limited company gives to a charity. This can include
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What is a Company Voluntary Arrangement?

A Company Voluntary Arrangement or CVA is a special arrangement that allows a company with debt
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Tax if selling online

Many people supplement their income by selling services online. This is often described as the
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Job related expenses you may be able to claim

If you are an employee and use your own money to buy things you need for your job, you can
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National Insurance if you go abroad

If you move abroad it can often be advantageous to continue paying your UK National Insurance
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New compensation limits announced to take effect from 6 April 2019

The Employment Rights (Increase of Limits) Order 2019 has been laid before Parliament and will come
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Joint ventures and VAT

A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain
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Election to treat property as main residence

There are a number of issues that owners of more than one home should be aware of. An individual,
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Did you get your Brexit update letter from HMRC?

HMRC has now written to over 145,000 VAT-registered businesses across the UK with a Brexit update.
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Edinburgh makes a case for UK’s first tourist tax

The City of Edinburgh Council is seeking permission to introduce a tourist tax. After an extensive
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New Stamp Duty surcharge announced

A new consultation has been launched by HM Treasury together with HMRC seeking views on the design
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Gifts out of disposable income

There is an annual Inheritance Tax exemption of £3,000 for gifts. This exemption can also be
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Sooner is better than later

This week we pass the filing deadline (31 January 2019) for the 2017-18 Self Assessment tax
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Brexit – what the UK government has advised business owners to do

The Brexit uncertainties continue. To help businesses consider their options HMRC has published
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Charities – reducing input VAT

Charities pay VAT on all standard-rated goods and services they buy from VAT-registered businesses.
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Who pays Income Tax in Scotland?

According to HMRC, individuals pay Scottish Income Tax if they live in Scotland. Care should be
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