If you are VAT registered, you should now be within Making Tax Digital (MTD). This means you should be filing VAT returns through MTD compliant software since it became mandatory for you to do so from April 2022 at the latest. If you have not managed to get to grips with the MTD requirements yet,...
It is not surprising if you are - there are a lot! If you are new to the UK or are new to working, here is a quick guide to the five main reference numbers you may come across, so that you can understand what they mean. ...
HMRC are issuing discovery assessments to people who they believe should have submitted a 2018/19 tax return containing the loan charge and who either did not include it, or did not include it fully. Here we answer some of the questions you may have if you have recently received such a letter. ...
The Self-employment Income Support Scheme (SEISS) grants were available to help support eligible sole-traders and partners in partnerships during the Coronavirus pandemic.HMRC are contacting some SEISS claimants by letter to check that they were eligible to claim some or all of the five grants. This...
The volume of HMRC publications about umbrella companies point to severe problems within the sector. Although there are problems with certain companies, there are also some good umbrella companies out there. By good umbrella company we mean one that is compliant with the law. Here, we help you make ...
With the rising cost of living, some retirees might consider that full retirement is no longer affordable and decide to return to work to supplement their income. In this article, we highlight some of the tax issues that you might need to bear in mind if you had previously stopped working but are no...