Taxpayers struggling to pay want ‘simplicity, flexibility and accessibility’

Research reveals taxpayers who are facing difficulties with their tax bills have little or no awareness of help options, but believe HMRC should do more to promote available support and make more use of YouTube. According to HMRC’s Behaviour, Insight and Research Team, taxpayers have very little or no awareness of the support options that the government tax collection agency currently offers to those who are struggling to pay their tax. This was, in part, due to customers’ low motivation to actively seek out information about tax and associated support options from HMRC. Read full article at Accountancy Daily ...
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MTD penalties – soft landings, light touches and hard lines

Making Tax Digital for VAT (MTD) is now live, and some businesses may find that they struggle to get to grips with the new requirements it brings.  It is therefore essential to have a clear understanding of how HMRC might apply penalties under MTD and what businesses should do if they encounter problems or things go wrong. Credit: Google local guide 박재영 Read the full article at Accountancy Age. ...
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Young people targeted with phone tax scams

HMRC is warning young adults who may have less experience of the tax system to be especially vigilant about tax refund scams via smartphone, as fraudsters ramp up activity after the self assessment season. Photo by Adrianna Calvo from Pexels During April and May, fraudsters regularly blitz taxpayers with refund scams by email or text pretending to be HMRC. Criminals do this to coincide with legitimate rebates being processed by HMRC. Read the whole article on Accountancy Daily. ...
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Businesses warned on winding up perils over unpaid tax

Photo by Tim Mossholder from Pexels HMRC applied to shut down 4,160 businesses because they had fallen behind on their tax payments in 2018 with financial problems being exacerbated by a late payment culture. Based on analysis of HMRC’s winding up petitions by Funding Options, the tax authority is still being too aggressive in its approach to shutting down businesses, particularly given the tough trading conditions caused by Brexit uncertainty and slowing global economic growth. Read full article at Accountancy Daily. ...
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HMRC trials payroll changes to earlier year updates (EYU)

Photo by Anthony from Pexels In a bid to improve payroll reporting, HMRC is running a trial aimed at simplifying the process for reporting corrections by extending the use of the real time information (RTI) full payment submission (FPS) Employers can continue to report revised year to date payroll data after the current deadline of 19 April, following the end of the tax year, making sure HMRC systems with employer payroll records are aligned. Some payroll software already supports this. Read the full article at Accountancy Daily. ...
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HMRC sets out provisional rules on IR35 for private sector

HRMC has published preliminary guidance on how to prepare for changes to the off-payroll working rules from 6 April 2020, even though the consultation on the extension of the rules to the private sector has yet to close for comment. The consultation, which closes on 28 May, is looking at how HMRC can ensure the off-payroll working rules first introduced in the public sector are suitable for the large and diverse sectors in which the new rules will need to be operated. Read full article at Accountancy Daily. ...
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Understanding making tax digital

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration so that it is: more effectivemore efficienteasier for taxpayers to get their tax right If you are a small business struggling to get your head around Making Tax Digital, at Charcroft Baker we are here to help you make the transition. Get in touch using the form below - we look forward to speaking with you. Read more on gov.uk On a mobile device? Tap to call 01622 671 717 Reach out ...
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