HM Revenue and Customs have published a free online guide to help charities complete Gift Aid donation schedules. The step-by-step guide tells charities how to claim back tax on eligible donations, help in choosing the right software, and advice on completing the schedule and filling in the form. This follows on from research last year, … Continue reading HMRC Launch Free Gift Aid Guide
According to HMRC, up to a million couples are still not taking advantage of a simple scheme that could save them up to £900. The Marriage Allowance was introduced in April 2015 and allows you to transfer £1,190 of your personal allowance to your partner. This could effectively save you up to £238 per year … Continue reading A Million Couples Still Missing Out
HMRC are seeking new powers that will allow them to obtain information about taxpayers from a variety of sources, without the approval of a tax tribunal. The proposals would allow HMRC to submit information requests directly to financial institutions, accountants, lawyers, estate agents and other third parties. It would, among other things, allow HMRC to … Continue reading HMRC Seeking New Powers
As an Employer should you be encouraging your employees to open a personal tax account with HMRC. Any taxpayer can activate their own personal tax account at: http://www.gov.uk/personal-tax-account Once activated, taxpayers can use the account to notify HMRC of a change in their financial circumstances or address, etc. In addition, they can also: Update the … Continue reading Do Your Employees Have Personal Tax Accounts?
HMRC recently issued a warning over the latest tax refund scam to affect taxpayers. Fraudsters are currently using emails and SMS messages to target individuals by promising them a tax rebate and tricking them into disclosing their personal and banking details. However, HMRC has confirmed that it will only ever inform taxpayers of any tax … Continue reading Taxpayer Beware: HMRC Warns over Tax Refund Scams
With such an emphasis on taxpayers to keep data safe, wouldn’t it be ironic if HM Revenue & Customs (HMRC) cannot do just that? It seems that this may well be the case. During a recent court case, HMRC said in a witness statement that their data retention policy means the tax office do not … Continue reading Double Standards for Data Rentention?
As a part of their continuing drive to become one of the most digitally advanced tax authorities in the world, HMRC have been working with private and public partners with a view to tackling the problem of fraudulent text messages. Text message fraud has been on the increase over the past few years, with taxpayers … Continue reading HMRC to Tackle Scam Text Messages
It comes around almost as fast as Christmas, and here we are again. The 31 January 2018 marks the deadline for filing of the 2016/17 Self-Assessment Tax Return (SATR). Individuals who are required to submit a SATR include, the self-employed and some landlords, investors, company directors, high earners and people who have worked overseas. Those … Continue reading Tax Return Deadline is Approaching
In what will be unwelcome news for many, as from 13 January 2018 taxpayers will no longer be able to use personal credit cards to settle their self-assessment tax bills. This comes as a result of the Government ban on credit and debit surcharges and it is feared the move could be detrimental to many … Continue reading Personal Credit Cards Banned for Tax Payments
If you and your employees club together to take a chance on the Lottery by operating a workplace syndicate, but you do not have a formal agreement in place, a large win could cause tax issues in the future. If ever you are fortunate enough to win the jackpot, the winnings will undoubtedly be … Continue reading Don’t Be a Lottery Loser – Protect Your Syndicate Winnings