Thousands face huge tax avoidance bills

Contractors whose employers paid them through loans from offshore trusts are being urged to speak to us before 5 April 2019 or risk receiving massive tax bills. Up to 50,000 self-employed workers in the UK are believed to have benefitted from the lower income tax...

HMRC issues no-deal advice to businesses

All UK businesses are being urged to take three vital steps to prepare for a no-deal Brexit. HMRC is calling on all of the UK's 5.7 million businesses to register for an economic operator and registration identification (EORI) number, which will enable them to...

Deadline reminder for employer reporting

Businesses are being reminded to prepare for making their last full payment submissions (FPS) or employer payment summaries (EPS) of the 2018/19 tax year. The last FPS or EPS up to and including the final day of the financial year on 5 April 2019 requires businesses...

Auto-enrolment passes 10m milestone

More than 10 million people have been brought into workplace pension saving through auto-enrolment, figures published by The Pensions Regulator show. As of 31 January 2019, 10.003m people were automatically enrolled into a pension scheme, leading Amber Rudd, Secretary...

Businesses ‘not ready’ for MTD deadline

With less than two months to go before the deadline for Making Tax Digital (MTD) for VAT, many businesses are still not prepared, according to a report by software provider Advanced. The first businesses that are VAT-registered and have an annual taxable turnover of...