Monthly Archives: May 2019

Self-employed in dark about digital tax changes

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Over a quarter of the self-employed “know nothing” about switching to the new VAT rules for the government’s Making Tax Digital scheme. This is according to research by the IPSE. The 1st April sees the new Making Tax Digital (MTD) rules come into effect. From this date on, VAT-registered companies will need to keep digital VAT records and they will… Read more »

HMRC begins to issue late filing penalties

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HMRC is beginning to issue fines for missing the self-assessment tax returns. This is earlier than was expected. The penalty for not filing a tax return by 31st January 2019 is £100. In February 2019, HMRC announced that the issuing of late filing notices would be delayed because of Brexit-related pressures. The Association of Taxation Technicians (ATT) has expressed concerns… Read more »

MPs challenge Off-Payroll (IR35)

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Contractor concerns about IR35 (Off-Payroll) rules being applied to the private sector have been aired during MP’s debate on the subject in the houses of Parliament. Among the problems that were discussed was public sector non-compliance, the impact of the proposals on the mobility of workforces, challenges to HMRC’s Check Employment Status for Tax tool, and the need to support… Read more »

Future IR35 under threat as HMRC doctors research

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HMRC has admitted that information was omitted from published research. This research concerned the introduction of IR35 into the private sector and HMRC admitted that the information that was omitted could impede the introduction of IR35 into the private sector. HMRC made its admission after it received a Freedom of Information (FOI) request from ContractorCalculator. In its response, HMRC admitted… Read more »

HMRC boss accused of presiding over misinformation campaign

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The Loan Charge APPG has accused the boss of HMRC of presiding over a misinformation campaign regarding the loan charge. This campaign could have contributed to the failure of MPs to gain a delay or review of the loan charge. APPG says that Sir John Thompson, the HMRC CEO, was sent a letter in which there are six areas in… Read more »

No delay or review for loan charge

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A leaky roof provided a temporary respite for the Treasury before the loan charge debate. However, despite over 70 MPs writing to the Treasury Minister Mel Stride and heart-felt pleas for a delay or review of the Loan Charge 2019, it has been refused. This means that despite 160 MPs having called for a six-month delay and the motion having… Read more »