Watch out for Self Assessment scams
You’ve got just over a month left before the 2020-21 self assessment tax return filing deadline on 31st January 2022. Which means that criminals have that same amount of time left to make the most [...]
December 2021
November 2021
Sneak a peek at Netflix’s Corporation Tax bill
Netflix paid a £4m UK Corporation Tax bill in 2020. Sounds enormous, doesn’t it? But some people are questioning if its proportional to their UK earnings. How much does Netflix make in the UK? The [...]
Do you receive Working Tax Credit? Don’t get caught out by new November deadline
From 25th November, you must tell HMRC about any changes to your working hours. If you don’t, you’ll have to give back any Working Tax Credit overpayments you receive and you might get a fine. [...]
October 2021
PayPal and Cryptocurrency
PayPal’s UK customers can now buy, hold and sell cryptocurrencies through their PayPal account. Britain’s the first country outside of America where they've enabled this feature of the online payment system. Details of the new [...]
Tax and the Conservative Party Conference
Both the Chancellor and Prime Minister discussed the Conservative Party’s economic policies at their Party Conference in Manchester. To a mixed reception from other conservatives and the business world. Chancellor Rishi Sunak During Chancellor Sunak’s [...]
Oil refinery struggling with deferred VAT payments
Owners of Essar Oil UK are currently trying to avoid financial collapse by talking to HMRC about their overdue tax bill. Given the UK’s current situation, it’s important that we don’t lose the company that’s [...]
September 2021
£35 billion UK tax lost to fraud, tax avoidance and non-payment
There’s never a good time to lose money. But the last thing the UK can afford right now is a bigger tax gap. What’s the tax gap? The tax gap is the different between the [...]
New ‘tax conditionality checks’ for renewal of taxi and scrap metal licences
‘Tax conditionality’ is a new HMRC policy being brought in as part of their strategy to tackle tax avoidance in the hidden economy. It means that renewing some mandatory operating licences will be conditional on [...]
How much will the National Insurance rise cost me?
National Insurance Contributions (NICs) are going up by a total of 2.5% points. This is being shared equally between employees and employers, with each paying 1.25% extra. Self employed taxpayers will also pay see their [...]
August 2021
Did the property transaction tax ‘holidays’ really help boost house prices?
Not according to The Resolution Foundation’s recent report. They conclude that the current activity in the housing market is more influenced by other factors than the property transaction tax ‘holidays’ that were introduced by all [...]