HMRC nudge letters are on the rise!
Date posted: 23rd Jul 2024
We are aware that HMRC is sending more letters to taxpayers to “nudge” them to check their tax returns are in order and to encourage the taxpayer to…
Date posted: 23rd Jul 2024
We are aware that HMRC is sending more letters to taxpayers to “nudge” them to check their tax returns are in order and to encourage the taxpayer to…
Date posted: 23rd Jul 2024
Since April 2016, there has been an exemption to cover tax becoming due on trivial benefits. This was intended to avoid tax becoming due on ad-hoc gifts such…
Date posted: 23rd Jul 2024
Many potential landlords that we speak to, are considering using a limited company to hold property investments. This is due to a multitude of reasons such as: The…
Date posted: 23rd Jul 2024
The deadline for filing your 2022/23 self assessment tax return was 31 January 2024. If you have still not filed the tax return, there will be significant late…
Date posted: 23rd Jul 2024
If you make donations to charity, you can benefit from tax relief on those donations. This can be achieved in various ways. Gift Aid If you are a…
Date posted: 12th Jun 2024
In simple terms, a PAYE settlement agreement (or PSA for short) is a way of an employer settling tax bills for employees, on amounts which may be deemed…
Date posted: 12th Jun 2024
Employment taxes can be a minefield when it comes to not only salary payments but benefits-in-kind. It is very important to understand the implications of employment taxes and…
Date posted: 12th Jun 2024
Given the recent rises in interest rates, everyone with savings is enjoying a higher return of interest paid by their banks. It is important to remember that tax…
Date posted: 12th Jun 2024
We have been contacted by some clients, who have received letters from “HMRC” asking them to pay unpaid tax and PAYE liabilities. The letters appear to be genuine…
Date posted: 11th Jun 2024
We understand that HMRC is altering a number of businesses to check the bank details held by HMRC. Whilst we understand a letter from HMRC may be daunting…