Time Is Running Out – Don’t Be An Easy Target!
Time is running out for three million people to submit their self-assessment tax return submitted to HMRC – the deadline is midnight on 31 January 2024. Please don’t be an easy target for HMRC by missing the deadline as you will be automatically fined £100 even if there is no tax to pay. Self-assessment covers […]
HMRC’s Deceit Regarding Loan Scheme Convictions
HMRC’s Chief Executive Jim Harra has been accused of deliberately deceiving the Treasury Select Committee at an oral evidence session last month. In response to questioning about whether HMRC has pursued promoters of loan schemes, Harra said the following: “I believe that in recent years we have successfully prosecuted or convicted about 20 promoters of […]
You Don’t Need Tax Knowledge To Work At HMRC!
A job advert for a “support officer” at HMRC states applicants do not need “any existing knowledge or experience of tax to apply”, The Telegraph reports. The role is mainly administrative but key responsibilities include “resolving customer queries and complaints in a courteous and professional manner”. However following the unavailability of HMRC’s self-assessment helpline, many […]
Make Sure You Benefit From The National Insurance Cut
Temporary workers, umbrella workers and zero hours workers operating via PAYE should benefit from £450 a year tax cut, but many don’t realise they’re entitled to it. Make sure you check your payslip for to ensure you benefit from the recent cut in National Insurance Contributions (NICs) worth, in some cases, £450 a year. This […]
Side Hustle Tax Is NOT New!
There has been a fair bit of chatter online about a new side hustle tax that came in from 1 January 2024, but in fact this is NOT a new tax at all. All that has changed is that online marketplaces (such as Amazon, Airbnb, Deliveroo, eBay, Etsy and Uber) must now report directly to HMRC […]
Huge Increase In Tax Returns Submitted On Christmas Day
HMRC reveals that 4,757 customers submitted their self assessment tax return on Christmas Day 2023, a 45% increase compared to the same date in 2022. A day traditionally dominated by eating, drinking, and exchanging gifts saw a perhaps surprising number of customers also find time to go online and complete the essential job of filing […]
Who Are HMRC’s Customers?
Reflecting on the past year, we find ourselves wondering who exactly do HMRC exist for, who are their ‘customers’? The answer is of course everyone. According to google HMRC is responsible for administering and collecting taxes, implementing customs and excise regulations, and overseeing certain state support. Their biggest customer segment is individual taxpayers (us), followed […]
Once Again HMRC Decides Not To Answer Their Phones!
Once again self-employed people are de-prioritised and mistreated by HMRC. In a shocking disregard for their ‘customers’, and with no prior warning, HMRC has announced that the majority of self-assessment helpline callers will be redirected to resolve their own queries themselves online. Instead of providing the full and proper helpline service that we’ve come to […]
HMRC’s Latest Umbrella Guidance – Helpful Or Nothing New?
HMRC recently issued guidance for recruitment businesses using umbrella companies, which on the surface seems a positive step forward, but what does it actually mean for umbrella workers? Nothing has actually changed The first point to make is that nothing has actually changed – no new rules or regulations have been brought in. Instead, it seems to be […]