The government’s landmark Making Tax Digital (MTD) for business initiative is set to take effect from 1 April 2019, beginning with MTD for VAT. Here, we take a look at the latest position, and consider the recent delay to some of HMRC’s new digital services. MTD for business: an overview The MTD for business initiative … Continue reading Making Tax Digital: Where Are We Now?
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 unveiled a new policy of adjusting employee tax codes during the course of the tax year, in a bid to improve certainty and help ensure taxpayers pay the 'right amount' of tax. Under the new system, HMRC will be using the information submitted by employers via Real Time Information (RTI), together with any … Continue reading PAYE Tax Codes: the New Real Time System
So far more than 100,000 individuals have checked their car benefit and car fuel benefit using HM Revenue and Customs (HMRC) online services. Accessed via the Personal Tax Account, the service allows customers to update HMRC as soon as their circumstances change and check the amounts that are currently reported. It means that they can … Continue reading Drive Through HMRC’s Online Services