by Ruth Clark | Nov 15, 2023 | HMRC, Tax
Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October 2019. Even though HMRC corrected this advice in... 
by Ruth Clark | Nov 8, 2023 | HMRC, Tax
Thousands of people found themselves caught up in the IR35 tax avoidance problems, where freelancers who were earning through a limited company set up to deal with their income were deemed – retrospectively – by HMRC to have been involved in tax avoidance. In short,... 
by Ruth Clark | Oct 20, 2023 | HMRC
Global Ties, Global Income In our interconnected world, it’s increasingly common for individuals to have income sources or financial assets located globally. These may include foreign employment, rental income from properties abroad, dividends from foreign... 
by Ruth Clark | Oct 18, 2023 | HMRC, Tax
Anyone who has become self-employed, was in a business partnership, earned more than £100,000 or had to pay the High-Income Benefit Charge this year has until October 5 to speak to HMRC to register for self-assessment. Millions of people each year need to do a... 
by Ruth Clark | Jul 17, 2023 | HMRC, VAT
VAT: An inspector calls! A business will have a visit from a VAT inspector for one of two reasons; a routine visit after selection by the HMRC computer based on the type of business and the level of turnover, or if the business has an unexpectedly large VAT repayment.... 
by Ruth Clark | Jul 3, 2023 | HMRC
Car Benefit Value If you’re an employer and provide expenses or benefits to employees or directors, you must usually: Report them to HM Revenue and Customs (HMRC) Pay tax and National Insurance on them Examples of expenses and benefits include: Company cars Health...