Newswire and blog articles in HTML: VAT Making Tax Digital – A Giant Step Growing confidence It’s official. Sole traders and companies with up-to-date VAT affairs are now able to join HMRC’s test phase for VAT Making Tax Digital (MTD). While testing of VAT-MTD started...

Rising interest rates from Bank of England

The recent Bank of England 0.25% interest rate increase (to 0.75%) sees UK interest rates at their highest since March 2009. This change will have an immediate impact on interest costs, such as mortgages for those on variable or tracker rates, whilst the rise may take...

HMRC confirms UK ‘tax gap’ fall to 5.7%

The tax gap for 2016 – 2017 has fallen to 5.7%, HMRC has confirmed. The “tax gap” relates to the tax that should be paid and the actual tax paid to HMRC. In a statement, Mel Stride, Financial Secretary to the Treasury, said: ‘These really positive figures show that...

IR35 Update

Who would have thought that the Intermediaries Legislation – commonly known as IR35 – is almost twenty years old? Despite the passage of time, issues regarding employment status are less clear than ever. This is certainly no less true in the last few months, which has...

HMRC Scam warnings

There have been warnings issued by HMRC regarding tax scams that approach individuals through SMS and emails. At present, HMRC are processing real refunds for the previous year and the scam is intended to replicate this approach through messages claiming the taxpayer...