Tax Tips and News

• Inheritance Tax Query? Contact HMRC Now

  Newsletter issue - November 2023 HMRC used to offer an Inheritance Tax and Probate Helpline. From 02 October 2023, the dedicated helpline is closed. This is all part of HMRC and HM Courts and Tribunals Service (HMCTS) working together with the intention of improving the service for probate and Inheritance Tax customers. There are now…Read More

• VAT Registration – Online Only from November 2023

  Newsletter issue - November 2023 There are two ways to register for VAT: The VAT Registration Service (VRS) - online, or The VAT1 form - paper by post This is set to change in November 2023 when only the online VRS route will be available. HMRC said in their September Agent Update that already 95%…Read More

• HMRC are Communicating about Self-Assessment

  Newsletter issue - November 2023 In October, we wrote about the Self-Assessment registration deadline (the 5th). Hot on the heels of this, you may receive communication in the following weeks or months from HMRC about the requirement to complete a Self-Assessment tax return. The thing that stands out from the communication is HMRC's use of…Read More

• Payrolled Benefits, Self-Assessment and Student Loans

  This is another article about Self-Assessment, specifically Student Loans and applies where: A taxpayer has an obligation to complete a Self-Assessment return, and They have an outstanding Student Loan balance (or Postgraduate Loan) Some of the Loan repayment is calculated in the employer's payroll but the balance is due because of information declared on the…Read More

• November Questions and Answers

  Newsletter issue - November 2023 Q. In June 2023, you said that it wasn't free of tax if the employer reimbursed an employee when recharging their electric car from home - but it is if we allow them to recharge at the workplace. We have a workplace EV charger and reimburse the employees who use…Read More

• November Key Dates

  Newsletter issue - November 2023 07th The King's Speech that marks the State Opening of Parliament 19th Deadline for sending the Employer Payment Summary (EPS) for tax month ending 05 November 2023. Note that 19 November 2023 is a Sunday Deadline for paying HMRC all PAYE, NICs, Student Loans and CIS deductions (less child-related statutory…Read More

• Autumn Statement 2023

  Overview On 22 November 2023, the Chancellor delivered his Autumn Statement, which differs from a budget. The budget is another UK government 'fiscal event' held around March each year. Jeremy Hunt said in his Autumn Statement that as a result of 'eight months of hard work' he has been able to include 110 measures to…Read More

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