Categories
Crime

Scam HMRC Call Reports Drop by 97%

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, latest HM Revenue and Customs (HMRC) figures show, which display a downward trend in reports overall throughout the past year. Reports of scammers impersonating HMRC in phone calls peaked at 79,477 in March 2021 and fell to just 2,491 in […]

Categories
Business

Making Tax Digital for VAT Is Coming – Are You Ready?

Make sure your business is prepared for the change – take steps now Businesses are reminded to take steps to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.  MTD is designed to help businesses eliminate common errors and save […]

Categories
Business Community

HMRC Gives Self Assessment Taxpayers More Time to Ease COVID-19 Pressures

HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if they need it, to complete their 2020/21 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, as the […]

Categories
Business

Don’t Forget to Declare COVID-19 Grants on Your Tax Return

HM Revenue and Customs (HMRC) is reminding Self Assessment customers to declare any COVID-19 grant payments on their 2020/21 tax return. More than 2.7 million customers claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2021. These grants are taxable and customers should declare them on their 2020/21 tax return […]

Categories
Community

Time Is Running Out For Customers With Post Office Card Accounts

Around 24,000 HM Revenue and Customs (HMRC) customers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused. From 1 December 2021, HMRC will stop making tax credits, Child Benefit and Guardian’s Allowance payments to Post […]

Categories
Business

Self Assessment Deadline Countdown Begins

HM Revenue and Customs (HMRC) is reminding Self Assessment customers that on Sunday 24 October, they have one week left to submit paper tax returns and 100 days to go for online tax returns. The Self Assessment tax return deadlines for 2020/21 tax year are 31 October 2021 for paper returns and 31 January 2022 […]