HMRC
HMRC Tax Gap Reaches £59.2bn – Why Small Businesses Need to Get Their Tax Right
HMRC Tax Gap Reaches £59.2bn – Why Small Businesses Need to Get Their Tax Right HMRC’s latest figures show that the UK tax gap has reached £59.2 billion for 2024/25, an increase of £6.4 billion on the previous year and the highest amount ever recorded. The tax gap represents the difference between the tax HMRC…
Read MoreHMRC launches tax filing and payment deadline tool
HMRC launches tax filing and payment deadline tool HMRC releases handy new online tool to allow taxpayers to check filing and payment deadlines and to add key dates to calendar apps for instant reminders. This is a brand new HMRC tool, currently in beta stage, and can be used to check the deadlines for PAYE…
Read MoreDirector’s Loan Account: UK Tax Rules, Repayment and Good Practice
Director’s Loan Account: UK Tax Rules, Repayment and Good Practice A director’s loan account records money moving between a director and their limited company outside salary, dividends and legitimate expenses. Understanding the UK tax rules, repayment deadlines and reporting duties can help directors avoid unexpected charges and protect company funds. What is a director’s loan…
Read MoreHMRC to Automatically Sign-Up Taxpayers for Making Tax Digital: What You Need to Know
HMRC to Automatically Sign-Up Taxpayers for Making Tax Digital: What You Need to Know More than 294,000 taxpayers may still need to act—here is how sole traders and landlords can take control of their MTD obligations. HMRC has confirmed that, from September 2026, it will begin automatically signing up taxpayers who should already be using…
Read MoreHMRC’s New Tax Debt Proposals: Could Money Be Taken Directly from Your Bank Account?
HMRC’s New Tax Debt Proposals: Could Money Be Taken Directly from Your Bank Account? HMRC is consulting on plans to extend its debt-recovery powers to lower-value tax debts, potentially allowing monthly payments to be taken directly from a taxpayer’s UK bank or building society account. The proposals are intended for individuals and businesses that persistently…
Read MoreChanges in HMRC Guidance for Spotlight 63 | Kennedys Accounting
Changes in HMRC Guidance for Spotlight 63 | Kennedys Accounting Learn about the latest HMRC Spotlight 63 guidance and what it could mean for landlords and property investors. Book a confidential consultation with Kennedys Accounting today. If you’re a landlord or property investor using a hybrid partnership arrangement, it’s important to keep up to date…
Read MoreWhat Should Landlords Do if They Are Affected by HMRC Spotlight 63? | Kennedys Accounting
What Should Landlords Do if They Are Affected by HMRC Spotlight 63? | Kennedys Accounting Concerned about HMRC Spotlight 63? Find out what landlords should do if they may be affected by a hybrid partnership arrangement and get expert advice from Kennedys Accounting. Discovering that your property ownership structure may be affected by HMRC Spotlight…
Read MoreR&D Tax Relief Delays Leave SMEs Struggling to Plan
R&D Tax Relief Delays Leave SMEs Struggling to Plan R&D tax relief is designed to help innovative businesses invest, recruit and grow. But for many small and medium-sized enterprises (SMEs), long waits and greater scrutiny are making that support difficult to rely on. What the research found Commissioned research surveyed 254 CFOs at R&D-active SMEs.…
Read MoreAre You at Risk from HMRC Spotlight 63? | Kennedys Accounting
Are You at Risk from HMRC Spotlight 63? | Kennedys Accounting Find out whether you could be affected by HMRC Spotlight 63. Expert advice for landlords and property investors from Kennedys Accounting. Book your confidential consultation today. If you’re a landlord or property investor, you could be affected by HMRC Spotlight 63 if you’ve used,…
Read MoreHMRC Is Sending Thousands of Crypto Tax Letters — Here’s What UK Crypto Holders Need to Know
HMRC Is Sending Thousands of Crypto Tax Letters — Here’s What UK Crypto Holders Need to Know Crypto tax is no longer something investors can afford to ignore. HMRC is increasing its focus on digital assets, and a growing number of UK investors are being contacted about possible Capital Gains Tax liabilities. Why this matters…
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