Latest Tax News

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16-05-2018
Responding to a County Court claim

Responding to a County Court claim

It is important that any correspondence received from the County Court is dealt with promptly. This should include taking proper legal advice when appropriate. Usually, a creditor asks the County ... read more

16-05-2018
When might you be due a tax refund?

When might you be due a tax refund?

HMRC has issued helpful guidance that explains when you might be due a tax refund and how to make a claim. According to HMRC you may be able to claim a refund if you: are employed and had too ... read more

16-05-2018
NMW and LW enforcement measures

NMW and LW enforcement measures

A new press release has revealed that in 2017-18, HMRC investigators identified £15.6 million in back pay that is owed to over 200,000 of the UK’s lowest paid workers. This was an increase from £10.9 ... read more

16-05-2018
More warnings to beware of bogus tax refund scams

More warnings to beware of bogus tax refund scams

Fraudsters are taking advantage of taxpayers who may be due a tax refund following the end of the 2017-18 tax year. HMRC is currently processing tax refunds, but the fraudsters are trying to get one ... read more

16-05-2018
Pay and expenses for volunteers

Pay and expenses for volunteers

There are many rewarding opportunities for volunteering available across the UK. It is a popular misconception that only young people volunteer, however, people of all ages volunteer for numerous ... read more

16-05-2018
Can a builder charge 5% VAT for their services?

Can a builder charge 5% VAT for their services?

Whilst the majority of businesses charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that businesses should be aware. There are actually three separate VAT ... read more

14-05-2018
Pensions Regulator to seize assets

Pensions Regulator to seize assets

The Pensions Regulator (TPR) has announced that employers who refuse to pay workplace pension fines could have their assets seized to pay their debts. TPR can issue fines to employers who fail to ... read more

09-05-2018
Advance assurance for R&D tax claims

Advance assurance for R&D tax claims

Advance Assurance for small companies that claim Research and Development (R&D) tax relief was introduced in November 2015. This measure makes it easier for small businesses investing in research ... read more

09-05-2018
Are you making money from a hobby?

Are you making money from a hobby?

The 'badges of trade' tests whilst not conclusive are used by HMRC to help determine whether an activity is a proper economic / business activity or merely a money-making side line to a hobby. ... read more

09-05-2018
When do you pay tax on lodger’s rents?

When do you pay tax on lodger’s rents?

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home within certain limits to pay no tax on the lodger’s rents. The limit increased to a generous ... read more