Mullen Stoker - Durham Accountant, Business Advice, Tax Advice, Tax Returns, Durham, Uk

Posts Tagged ‘HMRC’

Private contractor Concentrix to lose HMRC tax credit contract six months early

Tuesday, November 15th, 2016

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Staff will not be losing their jobs

The private contractor accused of incorrectly stopping the tax credits of thousands of low income families will lose its contract six months early, staff at the firm have been told.

HMRC had already announced that Concentrix’s contract would not be renewed when it expired in 2017 – after a spate of stories that suggesting the tax authority and its contractor had stopped tax credits on the basis of “flimsy” evidence.

A staff bulletin said discussions were continuing about the remaining period of the contract, adding that Belfast-based staff will automatically transfer to HMRC.

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The deadline to register for Self-Assessment Tax Returns is looming – here’s what you need to know

Tuesday, October 4th, 2016

Looking to file a Self-Assessment Tax Return for the first time? You’ve only got a few weeks left to register

If you’ve recently become self-employed, or you received any additional income during the previous tax year, you’ll be expected to file a self-assessment tax return.

In order to do this, you’ll need to register for self-assessment with HMRC – and the deadline for this is looming.

Here’s all you need to know about registering for self-assessment tax returns.

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EU’s MOSS changes could see UK companies charging French VAT

Monday, May 23rd, 2016

EU’s MOSS changes could see UK companies charging French VAT

EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located, a London accountancy firm has claimed.

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‘Gaps in pension regulation’ could disrupt auto enrolment success, MPs caution

Monday, May 23rd, 2016

‘Gaps in pension regulation’ could disrupt auto enrolment success, MPs caution

GAPS in pension law and regulation have allowed “potentially unstable master trusts” onto the market, putting the success of auto enrolment at risk, a report by MPs has found. The work and pensions select committee has released a report labelling auto enrolment as so far being a “tremendous success”, but has warned of the potential pitfalls to taxpayer’s pension savings because of “potentially unstable master trusts” occupying the market.

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HMRC pulls in £737m as payroll errors continue

Monday, May 23rd, 2016

HMRC pulls in £737m as payroll errors continue

SMALL BUSINESSES have come under fire from HM Revenue & Customs as part of crackdown on payroll tax mistakes,

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HMRC slammed by business community over quarterly tax returns

Monday, May 16th, 2016

HMRC slammed by business community over quarterly tax returns

CRITICS of HMRC’s ‘Making Tax Digital’ initiative have slated the taxman’s plans for a quarterly tax filing system, with one business group claiming that the plans  will “substantially increase administrative burdens” for the smallest of companies. This news comes just days after HMRC rolled out digital tax accounts for every individual and small business owner in the UK.

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