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Wedding venue left jilted at tribunal
The First-tier Tribunal has rejected an appeal concerning business property relief (BPR) on a barn used as a wedding venue.
Self-employed set for penalty reprieve
Missed the 31 January filing deadline last week? HMRC has announced that the penalty won't be enforced for the self-employed, but only in limited circumstances.
Scottish Budget confirms bands and rates for 2025/26
Ahead of the Scottish Budget, there were rumours that tax hikes were on the way. However, the announcements made on the day will see some easing of tax for lowe
Making Tax Digital for corporation tax scrapped
A recent publication has quietly confirmed that companies won't be mandated into Making Tax Digital (MTD). What's happened and what's the new plan?
Taxpayer uses AI to argue against penalty
One taxpayer decided to use AI to generate a defence against an HMRC penalty. How did things turn out for her?
Advisory fuel rates from 1 March 2024 published
The approved amount that employers can reimburse staff for business travel in company cars changes from 1 March 2024. What are the new rates?
Relaxation of self-assessment threshold
HMRC has promised a change to the threshold at which self-employed taxpayers need to complete a tax return. What do we know so far?
HMRC U-turn on helpline closures
HMRC announced that it would be scaling back its tax helplines. It has now seemingly reversed the decision. What's going on?
Are camping pods "buildings" for capital allowances purposes?
The First-tier Tribunal (FTT) recently considered whether a number of camping pods could qualify for the annual investment allowance.
Government seeks views on inheritance tax changes for trusts
The government has opened a consultation on the application of the £1m allowance for property settled into trust qualifying for 100% property relief.
Latest advisory fuel rates published
The HMRC-approved amount that employers can reimburse staff for business travel in company cars changes from 1 December 2023. What are the new rates?
HMRC reminds cryptoasset holders of tax obligations
Ahead of this month's filing deadline for 2022/23 tax returns, HMRC is urging cryptoasset holders to check if they need to report transactions.
Beware of Sunday payment deadline this month
The deadline for paying monthly PAYE is on the 22nd of each month. For September 2024, this falls on a Sunday. What can you do to avoid late payment?
Latest guidance on correcting VAT errors
Early in 2023 HMRC launched an online tool for helping you correct errors in VAT returns. After a settling-in period HMRC has recently published new guidance on using the tool.
Form 652 withdrawn by HMRC
HMRC has withdrawn Form 652. How should you notify VAT errors going forward?
HMRC corrects guidance on company EV car charging
Occasionally, HMRC publishes guidance that is at odds with what the legislation says. A recent example of this is in respect of reimbursement for the costs of c
In-year relief claim? Prove it
Taxpayers not in self-assessment and who need to claim relief on pension contributions must now send evidence to HMRC. What's the full story?
HMRC to reduce late payment interest
Late payment interest rates on underpaid taxes will decrease again due to the recent reduction in the Bank of England's base rate. What are the new charges?
HMRC warns employers over seasonal staff pension rights
Businesses that take on temporary staff over busy periods, e.g. the summer holidays, need to check whether they have obligations under auto-enrolment.
Supplies were VATable, but assessment was out of time
In a recent tribunal case, HMRC was told it was too late to collect underpaid VAT of nearly £250,000. What went wrong?
HMRC MTD ITSA webinar - worth a look?
Making Tax Digital will be mandatory for some traders and landlords next year. Ahead of this, the government is ramping up its guidance to help you get ready.
Salary advances: change to reporting rules
Rule changes on payroll reporting for early salary payments have been relaxed. What do you need to know?
HMRC launches remittance basis toolkit
A new toolkit aimed at assisting non-domiciled taxpayers that use the remittance basis has been launched. What does this do?
Latest advisory fuel rates for company car drivers
The amount that employees can be reimbursed for business travel in company cars changed from 1 September 2024. What are the new rates?
Tribunal issues warning to deter doubtful SDLT claims
The First-tier Tribunal (FTT) recently rejected an appeal from a company that a building was "non-residential" due to it being in a state of disrepair. However,
Have your say on e-invoicing
The government is seeking views on the standardisation of electronic invoicing. Why, and how can you join the consultation?
Form P1000 now available digitally
Dealing with a deceased client's tax affairs can be drawn out, partly due to the authorisation process. However, a recent change should help simplify things.
Latest advisory fuel rates for company cars
The amount that employees can be reimbursed for business travel in company cars changes from 1 December 2024. What are the new rates?
Child Benefit claimants could be missing out on full state pension entitlement
If you claimed Child Benefit prior to May 2000 you may have missed out on valuable qualifying state pension years due to nuances in HMRC's systems.
Advisory fuel rates for company cars from 1 June 2024
The amount that employers can reimburse staff for business travel in company cars changes from 1 June 2024. What are the new rates?
Late payment interest rates changed again
Late payment interest rates on underpaid taxes will soon decrease again due to the recent reduction in the Bank of England's base rate.
How to apportion advisory mileage rates for EVs
In September, HMRC introduced a new two-tier advisory mileage rate for employees charging electric vehicles.
HMRC issues reminder about new R&D tax relief rules
Despite new requirements for research and development (R&D) claims being in force for a month, almost half of claims made since then have omitted the necess
MTD ITSA guidance updated following Budget
The Budget contained announcements regarding the rollout of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). What's the latest updated position?
Changes to VAT zero rating imminent
HMRC has announced an extension to the materials qualifying for the VAT zero rate from 1 February 2024. What's the full story?
HMRC cuts late payment interest following base rate changes
Late payment interest rates on underpaid taxes will soon decrease due to the recent reduction in the Bank of England's base rate. What are the new rates?
Latest advisory fuel rates for company cars - 2025
The amount that employers can reimburse staff for business travel in company cars changed from 1 September 2025. What are the new rates?
Weekend November PAYE deadline
The next electronic payment deadline for PAYE falls on a weekend. What do you need to do?
HMRC pauses some refund claims for agents
Due to security concerns, HMRC has warned that it will not process refund claims made by authorised agents. What's going on and what alternatives are available?
HMRC scraps paper VAT registration
From 13 November HMRC will abolish the paper VAT registration form. How will new applications be made from that date?
Permanent increase to penalty interest rates
The new tax year saw a change to the way interest on late paid taxes is calculated. What's changed and what are the new charges?
Winter fuel payments to be clawed back via tax system
A government U-turn on the winter fuel payment was announced this week, with a new means-tested threshold. How will this work in practice?
HMRC reopens self-assessment helpline
HMRC's self-assessment helpline was closed in June. It's now reopened for calls ready for the tax return filing season. What do you need to know?
Scammers already targeting pensioners over winter fuel payments
Phishing attacks are being sent to pensioners purporting to be from the Department for Work and Pensions. What's going on?
HMRC payroll reporting for Christmas
HMRC's recent guidance to employers includes a reminder about its concession for real time reporting requirements of payroll over the Christmas period. More.
Adding Strength to our Business
We are delighted to announce that Inspire Financial Management have engaged with Galley and Tindle Accountants in Durham, to form a strategic collaboration between our two firms.