VAT invoice and accounting controls
VAT-registered businesses that use invoice accounting generally account for VAT when invoices are issued and received. HMRC have recently published new Guidelines for Compliance which …
Missing years for home responsibilities protection?
Entitlement to the full state pension depends on having sufficient qualifying years. Where a person reaches state pension age on or after 6 April 2016, …
File tax return by 30 Dec to pay via PAYE
If you pay tax through PAYE, as will be the case if you are an employee or a pensioner, you may need to complete a …
Setting up as a sole trader
When starting a business, there are a number of ways in which this can be done. Options include operating as a sole trader, forming a …
Overdrawn Director’s Loan – Must Your Company Pay Tax?
In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director may withdraw money from the …
Restarting child benefit claims
Many parents who fell within the ambit of the High Income Child Benefit Charge (HICBC) opted not to receive child benefit, rather than to receive …
What HMRC do if you don’t pay tax?
HMRC have a range of powers at their disposal to collect unpaid tax. If you are struggling to pay a tax bill or know that …
Do I need to worry about IR35?
If you provide your services personally to an end client through your own limited company or other intermediary, you may fall within the scope of …
How to verify genuine HMRC letters
Scammers are becoming increasingly adept at fooling people and a favoured tactic is a letter, a text, a phone call or an email purporting to …
Voluntary tax disclosure to HMRC
There are various reasons why a person may not have told HMRC about the tax that they owe, ranging from a simple oversight to the …
New residence-based regime for foreign income and gains
The remittance basis of tax is an optional tax treatment that allows individuals who are resident but not domiciled in the UK to pay tax …
Claiming refunds of overpaid PAYE
If it works correctly, the tax that is collected under PAYE will exactly match the tax that is due for the year. However, in practice, …
