Further move towards dealing with HMRC electronically

7th September 2017

HMRC have for some time been keen for taxpayers to make their tax payments electronically.  They have recently updated their guidance to show that from 15 December 2017 it will no longer be possible for taxpayers to pay self-assessment tax, or in fact any other type of tax, directly at the Post Office.

 

This is surely another push towards dealing with HMRC electronically, as other methods of payment include using online banking, payment by direct debit and paying online using a debit or credit card . However this could backfire as many of those currently making their tax payments in person at the Post Office are those who are uncomfortable using technology, and so HMRC may find that they are in fact receipt of more cheques come the main self-assessment tax payment deadline in January.  This in turn could lead to more interest charges due to the time delay from posting the cheque to it clearing in HMRC’s account; the warning  – get your tax affairs in order as soon as you are able to so that you are able to plan to make your tax payment in good time.



 
Other items in Blogs
 
Megan Turner
4th June 2020 Charity Commission: Reporting on matters of material significance

The Charity Commission released updated guidelines in April 2020 for auditors and independent examiners. This was based around the statutory duty to report to the charity regulators in the UK on matters of material significance.   The three main changes in this updated guidance are as follows: confirmation that difficulties in carrying out an audit…

Read More »

Steven Denton
1st June 2020 HMRC Furlough Claim Update 29th May 2020

From 1st July, whilst still appreciating the benefits of the Furlough Scheme, employers will be able to benefit from the option of bringing employees back to work on a part time basis. This is one month earlier than had previously been announced.   Whilst working, employers will be required to pay their employees at their…

Read More »

Paul Jefferson
22nd May 2020 Dividend update

It is common practice for director/shareholders to be paid a modest salary through PAYE and pay the balance of their remuneration in dividends.  This of course is perfectly permissible if the company has profits available to distribute to shareholders and there is no breach of directors’ duty.  Unfortunately, the dramatic effect that the Coronavirus is…

Read More »

Lisa Smith
19th May 2020 Covid-19 –Statutory Sick Pay Rebate Scheme

The Government have announced that the Statutory Sick Pay Rebate Scheme, which will enable employers with fewer than 250 employees to claim Coronavirus-related Statutory Sick Pay will launch online on 26 May 2020.   Employers are eligible to use the scheme if:   they’re claiming for an employee who’s eligible for sick pay due to…

Read More »

Nick Edgley
19th May 2020 Company cars and fuel during COVID-19

If you are an employee with a company car, and maybe fuel provided, it is worthwhile considering giving up the car, or fuel, during the current pandemic if you are working from home or furloughed.   A company car benefit in kind (BIK) is a set amount based on the list price and emissions regardless…

Read More »

Ian Piper
18th May 2020 Covid-19: Companies House dissolutions now put on hold

Like many Government departments, Companies House have relaxed various compliance requirements to support businesses to get through this Covid-19 period. In their latest announcement, they are making the following temporary changes to their strike off policies:   Voluntary (Form DS01 submitted) Strike Off Applications – Process halted after notice published in London Gazette. Automatic Dissolutions…

Read More »