FSB: It’s right to review what could ruin the self-employed, ‘retrospective’ or not.
— Read on www.contractoruk.com/news/0013956small_business_group_backs_2019_loan_charge_review.html
As we hit the busiest 10 days for filing tax returns, HMRC’s computer is experiencing systems errors, spewing out incorrect penalties and wiping some tax
— Read on www.accountingweb.co.uk/tax/hmrc-policy/hmrc-computer-errors-cause-tax-return-grief
‘The April charge is the sort of taxation that led to the birth of the Magna Carta.’
— Read on www.contractoruk.com/news/0013935mps_brand_2019_loan_charge_unacceptable.html
For years we have been irritated by HMRC insisting that all directors must register for self assessment, even if they have no tax to pay. Now HMRC has chang
— Read on www.accountingweb.co.uk/tax/hmrc-policy/hmrc-changes-guidance-for-directors-returns
The Treasury has been forced to agree to review its controversial 2019 loan charge proposals, which are designed to tackle disguised remuneration, by the end of March after a cross-party group of MPs were successful in pushing through an amendment to the Finance Bill
— Read on www.accountancydaily.co/treasury-review-2019-loan-charge
The self-employed are at risk of being charged for late payment of tax because of a technical glitch in the Government’s systems, accountants have warned.
— Read on www.telegraph.co.uk/tax/return/self-employed-risk-fines-hmrc-sends-inaccurate-tax-reminders/
An anonymous source has published a VERY interesting document that sheds light onto HMRC’s “culture”, from the inside. The leaked internal report, from 2016,
— Read on www.dotas-scandal.org/a-unique-insight-into-the-rotten-hmrc-culture/
A Lords committee has called for a delay of at least one year to the mandatory rollout of Making Tax Digital for VAT, asserting that HMRC has neglected its
— Read on www.accountingweb.co.uk/tax/hmrc-policy/lords-slam-making-tax-digital-rollout
Peers on the House of Lords Economic Affairs Select Committee have urged HMRC to delay the introduction of Making Tax Digital for VAT by at least one year.
Despite already making some concessions, HMRC has failed to support small businesses in their transition to Making Tax Digital for VAT and would delay the introduction of the new system by at least one year.
That’s the recommendation being made by Peers on the House of Lords Economics Affairs Select Committee, which in a damning report claims that HMRC has also not made any attempt to calculate the impact of introducing Making Tax Digital for VAT on the smallest businesses.