Don’t Miss These Key Dates for 2024/25 Benefits Reporting Read this article to find out about managing employee benefits and if you need help understanding this, please feel free to book your free initial consultation here: notjustbookkeeping.co.uk/contact/ linkedin.com/pulse/dont-mis…

A dentist has lost his appeal at the Court of Appeal over a remuneration trust scheme operated by Paul Baxendale-Walker : accountingweb.co.uk/tax/hmrc-polic…

Read this article to find out about if HMRC can look into your bank account without your permission; and if you need help understanding this, please feel free to book your free initial consultation here: notjustbookkeeping.co.uk/appointments/ linkedin.com/pulse/can-hmrc…

Father who ditched #accountancy to be a professional #gamer now earns >£100k. #Esports income can come from a variety of sources such as streaming/ donation income from sites such as #Twitch, #YouTube #Patreon; #sponsorship or endorsement income; and tournament winnings. This

The owner of a rental business who brought late appeals against both discovery assessments and penalties was successful regarding the assessments because of HMRC’s shaky rationale but lost in respect of the penalties. accountingweb.co.uk/tax/hmrc-polic…

Have you received a letter from HMRC ‘correcting’ the Class 2 reported on your clients’ tax returns? Helen Thornley looks at what has been going on in thsi article on accounting web: shorturl.at/8LMSO

#Divorce can often lead to #HMRC enquiries - via public cases or tip offs. It may be too late for an individual to use the contractual disclosure facility (#CDF)/ Code of Practice 9 (#COP9), which offers individuals immunity from criminal #prosecution for #tax offences in return

1.4m taxpayers to be sent #HMRC #tax demand. Despite HMRC claiming to be reducing the amount of post it sends, it is gearing up to send 1.4m letters to those not paying taxes through #PAYE or #selfassessment. The simple assessments letters are not a new thing; they are sent

The Supreme Court failed to give Uber the green light, rejecting its attempt for rivals outside of London to be treated as principals for VAT purposes, in line with its own treatment. Full article here from Accountingweb's tax writer R. Lowery:shorturl.at/H9jzs

The government’s draft legislation targets non-compliant umbrella companies, aiming to recover billions lost since . However, enforcement could bring serious challenges for agencies and clients alike. Article from Dave Chaplin CEO of IR35 Shield:shorturl.at/JBRz7

The Bank of England has reduced interest rates to 4%. While finance leaders welcome the move, many say the impact will be minimal as broader economic uncertainty continues to weigh on business confidence. Full article here: shorturl.at/I0CK5

Read this article to find out about the HMRC changing forever Tax Returns; and if you need help understanding this, please feel free to book your free initial consultation here: notjustbookkeeping.co.uk/appointments/ linkedin.com/pulse/tax-retu…

When placing a company into liquidation, having bank statements, management accounts, asset lists, employee records and payroll summaries ready speeds up the process. We guide you every step of the way to make it as smooth as possible. #InsolvencyProcess #LiquidationHelp

170k scams against taxpayers reported to #HMRC - example for a refund notification scam with strange reference to HMRC ‘anti-fraud protocols (Act 123/UK2023)’, completely non-sensical legal citation, but can catch out untrained eye accountancydaily.co/170k-scams-aga… via Business & Accountancy Daily

In Saxon Woods the #CourtofAppeal overturned the #HighCourt’s decision, ruling that a #director’s duty to act in good faith includes, as a core fiduciary duty, a requirement that the director act honestly towards the #company. The test for honesty must also be assessed

Ex #Tesco boss who left the #UK in 2017 wins £1.5m #pension #tax relief dispute over the #Portugal Double Tax Agreement. Were #SIPP withdrawals of £3.5m taxable in the UK or Portugal. #taxman #HMRC #residence #selfassessment #taxadvice #taxcompliance #taxreturn Business & Accountancy Daily

The effective date of registration may seem like a small administrative detail when voluntarily registering for VAT, but getting it wrong can have significant and irreversible consequences. Full article from Accountingweb here: shorturl.at/YDYnr

If a company faces financial distress, directors’ legal responsibilities increase. Acting in the best interests of creditors isn't optional - it’s a duty. Getting advice early can protect both your company and position as a director. #DirectorDuties #InsolvencyAdvice

With new requirements coming in regarding ID verification with Companies House, Julia Penny looks at the use of email addresses and what accountants in practice need to do next.; Full article here shorturl.at/vZbSp

Read this article to find out about the changes for Non-Doms in the UK; and if you need help understanding this, please feel free to book your free initial consultation here: notjustbookkeeping.co.uk/appointments/ linkedin.com/pulse/changes-…