Month: December 2020
Stamp Duty Rate Change For Mixed Use Properties
HMRC’s published guidance on the application of the 3% higher rate of Stamp Duty Land Tax (SDLT) has been updated. The higher rates of SDLT were introduced on 1 April 2016 and apply to purchases of
How To Correct Errors On VAT Returns
Where an error on a past VAT return is uncovered, businesses have a duty to correct the error as soon as possible. As a general rule, any necessary adjustment can be made on a current VAT return.
Crackdown On Tax Avoidance Scheme
HMRC and the Advertising Standards Authority (ASA) have come together to jointly target misleading marketing by promoters of tax avoidance schemes. HMRC and the ASA can jointly issue an Enforcement
Be Cautious Before You Donate To A Charity
It has been estimated that almost £350,000 of charitable donations last year ended up in the pockets of criminals.
Government recently issued advice to reduce this activity. They said:
The vast
Payment Of Deferred VAT
The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020. The option for businesses to defer their VAT payments
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Recent Posts- The Importance of Disclosing Non-disclosed Income to HMRC
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