Oasis Accountants

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VAT Making Tax Digital – HMRC Emphasis for Registration

VAT Making Tax Digital – HMRC Emphasis for Registration

HMRC is trialling a forced closure of the online VAT return for 800 businesses that should be complying with Making Tax Digital for VAT. Businesses will not be able to file VAT returns due on 7 October 2021 unless they have signed up to MTD VAT. Making Tax Digital for...

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Don’t be a victim of digital scammers, warns HMRC

Don’t be a victim of digital scammers, warns HMRC

Taxpayers are being urged to remain cautious of digital approaches claiming to be from HMRC, as tax-related scams have almost doubled in the past 12 months. Writing to voluntary and community sector groups this week, HMRC’s Head of Cyber Security, Mike Fell, starkly...

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Paying A Salary To A Family Member

Paying A Salary To A Family Member

How it works One of the most efficient methods of reducing a company’s tax bill and increasing the amount of cash withdrawn at the same time is by paying a salary to a member of the directors’ family. Such members can be the director’s spouse/ civil partner or...

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