Accountants wake up to new AML regulations

The Anti Money Laundering (AML) regulations have been in place for ten years. A fourth directive is expected to take effect before the end of June and is causing concern among some accountants. The latest directive includes most of the previous regulations with one significant addition. This is the creation…

Authorities Net Bigger HMRC Payroll Tax Take

Umbrella companies employing workers directly and invoice businesses for work undertaken have been a recent target for HMRC’s payroll tax investigation unit. Although many umbrella companies operate legitimately, HMRC maintains that many have not been paying sufficient taxes because of the way they manipulate payroll tax. In 2016, new legislation…

£705m collected in HMRC’s crackdown on payroll taxes

Umbrella companies which employ workers directly and then invoice businesses for work undertaken have been a recent target for HMRC’s payroll tax investigation unit. Although many umbrella companies operate legitimately, HMRC maintains that many have not been paying sufficient taxes because of the way they manipulate payroll tax. In 2016,…

MTD Pilot: Tax return pre-population data released

In the run up to MTD there has been a great deal of criticism from tax agents about various aspects of the new system. However, one outcome that will be welcomed is the planned availability of accessing taxpayer data direct from HMRC’s system. For example, accountants will be able to…

MTD Pilot: Tax return pre-population data released

In the run up to MTD there has been a great deal of criticism from tax agents about various aspects of the new system. However, one outcome that will be welcomed is the planned availability of accessing taxpayer data direct from HMRC’s system. For example, accountants will be able to…