12 July 2021
UK VAT registered businesses with a taxable turnover above the VAT threshold are obliged to follow the MTD (Making Tax Digital) rules – keep digital records and use compatible software to submit their VAT returns. Businesses below the VAT threshold can opt-in to use this service, however, this will change…
15 June 2021
It has come to HMRC’s attention that quite a number of ‘mini umbrella’ companies were created and used for the purpose of exploiting government incentives intended for small businesses, thus reducing their PAYE and tax bills. If you’re wondering what a ‘mini umbrella’ is, there is no standard definition on…
With all the recent events with mini umbrellas, let us remind you of the importance of implementing due diligence checks to assure your labour supply chains. Failing to do so may result in significant legal, financial and reputational risks for your business. In the end, you may be liable for…
Due to the COVID-19 pandemic, the Home Office introduced temporary measures on 30th March 2020 where the right to work checks could be carried out over video calls and job applicants could send scanned/photographed documents to their employers rather than sending originals. These temporary adjustments ended on 16th May 2021.…
17 May 2021
Once you’ve run payroll to your employees you must send an FPS to HMRC on or before the date of payment, letting them know how much you’ve paid. The following are the most common errors and advice on how to resolve the issue:
