Bereavement benefits extended to unmarried couples
The eligibility for some bereavement payments has now been extended to unmarried couples, but there are two major caveats. … More Bereavement benefits extended to unmarried couples
The eligibility for some bereavement payments has now been extended to unmarried couples, but there are two major caveats. … More Bereavement benefits extended to unmarried couples
With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity. As a result, the number of company winding-up petitions being instigated by HMRC is rising rapidly. … More Winding-up petitions on the rise in HMRC squeeze
A new points-based penalty applies to late VAT returns for VAT periods beginning on or after 1 January 2023. The first monthly return to be affected was the one due by 7 March, with the first affected quarterly return due 7 May. This new returns penalty regime joins the completely separate new penalties for late … More New points-based penalties for late VAT returns
Please find the link to our summary of the Spring Budget delivered by the Chancellor Jeremy Hunt on Wednesday 15 March. After presenting a Budget-in-all-but name with the Autumn Statement, the Spring Budget was delivered against the backdrop of a day of widespread industrial action. The run-up to the event appeared deliberately downplayed, save for … More Spring Budget 2023
Most directors and employees will already have been issued a tax code for the 2023/24 tax year, and it is important to check the figures as a very large proportion of codes will be incorrect. If you’ve been subject to an error, this could mean a future corrective tax bill.
… More Pay attention to tax codes
It wasn’t that long ago that HMRC was paying particular attention to businesses understating large cash sales. Now, the decline of cash, especially since Covid-19, has led to a proliferation of software used to suppress electronic sales records. … More HMRC sets its sights on hidden electronic sales