HMRC
What 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…
Read MoreHMRC and Directors’ Loans: What Small Business Owners Need to Know
HMRC and Directors’ Loans: What Small Business Owners Need to Know If you run a limited company, HMRC may soon want more detail about money moving between you and your business. Proposed reporting changes for close companies could affect how directors’ loans, dividends, reimbursements and other payments are recorded. HMRC says the proposals are intended…
Read MoreMonthly ‘payday’ deductions for 7 million Self-Assessment PAYE taxpayers
Monthly ‘payday’ deductions for 7 million Self-Assessment PAYE taxpayers In a radical move, HMRC has set out plans to end twice-yearly tax bills for the seven million PAYE taxpayers inside self-assessment, with monthly ‘payday’ payments. Following the introduction of mandatory Making Tax Digital for Income Tax for earners down to as low as £20,000 within…
Read MoreVAT and PAYE payments to be made by direct debit
VAT and PAYE payments to be made by direct debit HMRC has set out plans that require mandatory direct debit payments for VAT and PAYE affecting up to 87% of current registered businesses and sole traders. This will equate to a massive change for VAT and PAYE as HMRC consults on the plan, which requires…
Read MoreHMRC advise they will be chasing low value tax debt aggressively
HMRC advise they will be chasing low value tax debt aggressively HMRC will now be able to go for lower-level debt, but the consultations so far do not include any clarity of the lowest possible figure. Giving HMRC powers to access small tax debts, apparently below £10,000, directly from taxpayer bank accounts ‘could leave vulnerable…
Read MoreThousands of Landlords and Sole Traders have still not signed up for Making Tax Digital
Thousands of Landlords and Sole Traders have still not signed up for Making Tax Digital With less than 60 days to go before the first quarterly filing date for wave one of Making Tax Digital (MTD) for Income Tax, over 400,000 taxpayers have not even registered! Only 336,000 of the first wave of MTD for…
Read MoreApril 2028 – Profit & Loss mandatory for Small Companies
April 2028 – Profit & Loss mandatory for Small Companies After months of delay, the government has decided to go ahead with balance sheet and profit and loss (P&L) filing for small companies and micro-entities from 1 April 2028, but with a major caveat after intense lobbying against the plans. While it has been confirmed…
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