Category Archive HMRC

HMRC has clarified tax rules on commuting for hybrid and remote workers

April 24, 2024 Comments Off on HMRC has clarified tax rules on commuting for hybrid and remote workers By Joshua Leigh & Co

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.

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Ahead of the 6 July deadline, remember that P11D rules are changing

April 23, 2024 Comments Off on Ahead of the 6 July deadline, remember that P11D rules are changing By Joshua Leigh & Co

If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).

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What are the benefits of using the HMRC app?

April 11, 2024 Comments Off on What are the benefits of using the HMRC app? By Joshua Leigh & Co

The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.

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Due a tax rebate? Keep an eye on your account

April 9, 2024 Comments Off on Due a tax rebate? Keep an eye on your account By Joshua Leigh & Co

In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.

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Have you used your capital allowances this financial year?

March 19, 2024 Comments Off on Have you used your capital allowances this financial year? By Joshua Leigh & Co

With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill.

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HMRC U-turns on its double cab pickups tax decision

February 20, 2024 Comments Off on HMRC U-turns on its double cab pickups tax decision By Joshua Leigh & Co

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.

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VAT deadlines and what businesses should be doing to prepare for them

January 9, 2024 Comments Off on VAT deadlines and what businesses should be doing to prepare for them By Joshua Leigh & Co

Businesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under Making Tax Digital.

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HMRC sets its sights on unpaid crypto tax

As the crypto asset sector grows, with an annual growth rate predicted to reach around 12 per cent, taxpayers with digital assets need to remain tax compliant.

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HMRC reminds restaurants and takeaways of VAT obligations on hot food

December 12, 2023 Comments Off on HMRC reminds restaurants and takeaways of VAT obligations on hot food By Joshua Leigh & Co

HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food.

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How to use the new HMRC app for your tax returns

November 23, 2023 Comments Off on How to use the new HMRC app for your tax returns By Joshua Leigh & Co

For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.

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