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Beat the Vehicle Excise Duty changes

Some major changes to the way Vehicle Excise Duty (VED) commonly known as road tax works will come into effect from April this year. The government has been concerned for some time that the current...

12th January 2017

VAT Flat Rate Scheme changes

HMRC is to introduce an additional test from 1 April 2017 that will determine the VAT flat rate percentage used by VAT registered businesses using the Flat Rate scheme. It appears that HMRC considers...

12th January 2017

Best tax return filing rates

HMRC has released an interesting analysis showing that men are more likely than women to send in their tax return on time. The statistics were compiled by analysing the filing of 2014-15 tax returns...

12th January 2017

Scam emails and phone calls

Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January deadline for submission of Self Assessment returns. This fraudulent activity will continue after the due...

12th January 2017

Withdrawal of Extra Statutory Concessions

An Extra Statutory Concessions (ESC) is a concession granted by HMRC that usually reduces a taxpayer’s tax liability to a level less than they would expect to pay based on a strict reading of the law....

12th January 2017

HMRC reminder to claim the marriage allowance

The marriage allowance came into force on 6 April 2015 and allows lower earning couples to share part of their personal tax-free allowance. HMRC has announced that some 1.3 million couples have...

12th January 2017

Launch of the new £1 coin

It is now less than three months until the new £1 coin enters circulation on 28 March 2017. The new £1 coin will be 12-sided and will replace the round shaped £1 coin that has been in use for 30...

5th January 2017

Saving options for 2017

A new infographic has been jointly published by HM Treasury and HM Revenue & Customs. The one page document lists information about various ways to save in 2017 including ISAs and other savings...

5th January 2017

Annual revalorisation of the euro to pound

HMRC has published details of revised limits affected by the 2016 revalorisation which came into force from 1 January 2017. The threshold for qualifying gifts to be free from customs duty and import...

5th January 2017

Online tax returns filed over Christmas period

A number of recent tweets from HMRC highlighted the fact that almost 2,000 taxpayers took the time to file their tax return online on Christmas Day and over 6,000 returns were filed on Christmas Eve....

5th January 2017