HMRC are sending letters to individuals who are named as a Person of Significant Control (PSC) of a company registered at Companies House. These letters have been issued to a large number of taxpayers and are being sent directly to individuals and/or separate letters to their agent, where the taxpayer is represented.
Indirect Tax changes can help revitalise the tourism and hospitality sector
Sound good...? There may be a way for you to have tax collected via your tax code instead of paying your total bill in January. You can pay your Self-Assessment bill through your PAYE tax code if you submit your Self-Assessment Tax Return online by 30 December.
As theatres begin to open their doors once again, many production providers are undoubtedly looking for invaluable financial relief to help alleviate what has been a tough time.
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) compliance obligations are still being introduced in the UK. This was originally due to be implemented in 2023, but after much lobbying from a variety of professional bodies, this has now been postponed until April 2024.
This month will see HMRC issue “Educational Nudge letters” aimed at UK investors in the crypto market. The letters will ask taxpayers to check they have reported crypto gains correctly and paid the right amount of capital gains tax, or in some cases, income tax.
The Scottish Government has confirmed the details of the 2021/22 Flexible Workforce Development Fund (FWDF) - phase 2, with the key points as follows:
Given the close proximity and strong business ties with the UK, Denmark is an attractive location for UK companies to operate in. But what some companies may be unaware of is that, when undertaking work in Denmark, whether this be offshore or onshore, the UK company and its employees may have resultant Danish tax liabilities.
There is no doubt that SMEs are facing a changing market. If you are an SME owner or manager, you will know that the past couple of years have been full of new challenges, and several new measures will have had to be put in place to ensure business survival and success. But it is important to remember that opportunities can arise out of adversity.