Registering for Making Tax Digital for VAT takes seven days, warns HM Revenue & Customs

HM Revenue & Customs (HMRC) has warned businesses across the UK that the registration process for Making Tax Digital (MTD) for VAT takes seven working days.

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Pass on up to £950,000 tax-free in 2019-20

As of 6 April 2019, direct descendants can inherit up to £950,000 completely free of inheritance tax from their parents or grandparents thanks to increases in the residence nil-rate band.

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Additional year to prepare for Making Tax Digital for taxes other than VAT

The Chancellor’s Spring Statement contained an important nugget of information for businesses that had been wondering when they will need to be ready for Making Tax Digital (MTD) for taxes other than VAT.

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IR35: off-payroll working rules set to change next year

HM Revenue & Customs (HMRC) has published new guidance on the expansion of the IR35 requirements to contractors working in the private sector.

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Beware the Employer Compliance Check Questionnaire

HM Revenue & Customs (HMRC) is understood to be sending out “Employer Compliance Check Questionnaires” without notifying their tax or payroll agents, which could land businesses in trouble if the wrong information is provided.

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Employers must comply with new payslip rules

Under the Government’s Good Work Plan, more than 300,000 workers have received a payslip for the first time under new rules that came into force in April.

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