Tax Return Adviser Ltd
Latest News
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Penalty interest rate set to rise again
The Bank of England raised its base rate again in June, and HMRC has confirmed the penalty rate of interest on late-paid tax will follow suit. What will the new rate be and when will it start to apply?
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Customs reporting service ends soon
HMRC has urged businesses that import and export goods to start preparing to switch to the newer Customs Declaration Service before 30 September 2022. What should affected businesses do?
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MTD ITSA pilot to become more accessible in July
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will begin to become compulsory from 2024. However, HMRC is encouraging taxpayers to sign up early via the pilot scheme. Now it has announced that from July 2022, the pilot will be expanded, allowing more individuals to join. Who will be eligible?
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Ukraine conflict: the effect on statutory residence
HMRC has updated its guidance to confirm that non-UK resident individuals returning to the UK from Russia, Belarus or Ukraine can disregard UK days due to exceptional circumstances. How might this affect the tax position?
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Fraudsters target homebuyers with SDLT scam
HMRC is warning anyone that has recently purchased a property to be wary of cold callers claiming they are owed a refund of stamp duty land tax. What do homeowners need to watch out for?
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HMRC takes aim at CGT relief claimants
The lifetime limit for Business Asset Disposal Relief fell to just £1 million back in 2020. Now, HMRC is sending letters out to individuals who claimed the relief in 2020/21, warning that they may have underpaid tax. What’s going on?
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