MTD Progress Report
4th October 2016Making Tax Digital: Are you prepared?
As HMRC further consults over their 4 year plan to digitise the tax system, our Tax Group briefs clients on some of the issues:
Other items in Blogs
Neil Groom
12th October 2017
Trust Registration Service
HMRC has released guidance for trustees and their agents for the new online Trust Registration Service (TRS) which has been operating since the middle of July. The new service replaces the old form 41G, as well as a section of the trust tax return used to report changes in trustee contact details. Trusts…
Mark Burrows
11th October 2017
Making Tax Digital – will free software be available?
When Making Tax Digital (MTD) was first announced, HM Revenue & Customs said that free software would be available for the most straightforward small businesses. Under MTD records of business income and expenses will be required to be kept digitally using a software product or app. HMRC have since provided clarification on which…
Thomas Carter
11th October 2017
Xerocon London 2017
Two fantastic days at Xerocon London on 4th and 5th October as 2000 attendees from 24 countries descended on the ExCel, the annual event for Xero Partners. Over the two days, four of our staff: Tom Carter, Dan Coleman, Steph Tinkler and Chip Moore attended the event. It was an opportunity to learn about new…
Philip Peters
5th October 2017
HMRC “Connect”: Now checking businesses that should VAT register.
We have known since 2010 that HMRC has a computer programme, called “Connect”, that is collecting data from a variety of sources about taxpayers, and then using this intelligence to check on correct tax compliance. We have known that these data sources include Banks, Social Media, DVLA, Local Authorities, Foreign Tax Jurisdictions and Land Registry.…
Catherine Hubbard
5th October 2017
Simple Assessment
HMRC have now implemented their ‘Simple Assessment’ project, where they use the information already available to them from employers, pension providers, the DWP and banks to calculate the tax for those with straightforward or ’Simple’ tax affairs, without the need for a tax return to be completed. In theory this sounds like an…
Julie Quayle
27th September 2017
Parental Bereavement (Pay and Leave) Bill Introduce to Parliament
For the first time, parents who are employed and have suffered the death of a child would receive statutory paid leave to grieve, under a new law being supported by the Government. Currently, employees have a day-one right to take a “reasonable” amount of time off work to deal with a family or dependant…