Jun 24, 2019 | Business TaxPersonal Tax
An estimated £35 billion of tax due was not paid in 2017/18, according to the most recent tax gap report from HMRC. The report, which measures the difference between the amount of tax that should be paid, and what is actually paid, said this made up 5.6% of total tax...
Jun 20, 2019 | Business TaxPersonal Tax
An error with HMRC's systems means some taxpayers may not receive an expected bill for payments on account next month, but will need to pay a much higher bill in January 2020. This warning comes from the Association of Taxation Technicians (ATT), which is advising...
Jun 19, 2019 | Business Tax
The deadline for making a PAYE payment to HMRC falls on a Saturday this month, meaning employers may have to act sooner to pay on time. A PAYE bill may include employee income tax deductions, class 1 and 1b national insurance contributions, student loan repayments,...
Jun 17, 2019 | Business Tax
HMRC has made new guidance available about the domestic reverse charge for building and construction services, which is set to take effect from 1 October 2019. The reverse charge is a major change to the way VAT is collected in the industry, requiring the customer...
Jun 10, 2019 | Business Tax
As of 1 June 2019, advisory fuel rates have been updated for employees' usage of company cars. The following rates are now in place for petrol and LPG-fuelled cars provided by your employer, while the previous rates can be used until 1 July 2019. Engine size Petrol -...
