HMRC
Self employment and Partnerships – HMRC has clarified transition profit
Self employment and Partnerships – HMRC has clarified transition profit HMRC have now issued guidance on how to work out ‘transition profit’ for the 2023 to 2024 tax year under basis period reform – but what does this actually mean? This change in reporting for the self-employed and partnerships came into effect from April 2024…
Read MoreHMRC advanced notification rules for R&D and the potential risks
HMRC advanced notification rules for R&D and the potential risks Since the new rules have come into play, Companies claiming research and development (R&D) tax relief now need to submit details in advance making it harder to backdate claims. In 2023 HMRC introduced a requirement which means that companies have to advise in advance if…
Read MoreScams Circulating as HMRC
Scams Circulating as HMRC Scams are not a new thing as we all know but we have been made aware of more scams recently. IF YOU RECEIVE ANYTHING FROM HMRC WHICH YOU HAVE NOT REQUESTED OR IS NOT HOW YOU USUALLY RECEIVE IT – STOP! A couple of examples; VAT Submission Scam We have been…
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