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HMRC Relaunch Agent Dedicated Line

HMRC Relaunch Agent Dedicated Line

In view of an email I received from HMRC last month, there was only one subject I could write about this week. The email in full: Dear Sir, Relaunch of Agent Dedicated Line We are pleased that we are now able to trial a relaunch of the Agent Dedicated Line, which will...
Changing Tax Year End: Is it now time?

Changing Tax Year End: Is it now time?

Delightfully quirky and old fashioned, the 5th April tax year end is uniquely peculiar to the UK, no other country or even UK based businesses share this odd date. Changing Tax Year End: Why was April 5th chosen? Firstly, we need to go back to 1582 when Pope Gregory...
Leaving the VAT Club

Leaving the VAT Club

In previous Blogs I have warned readers of the pending VAT change on 1st April 2022, when HMRC’s much heralded Making Tax Digital (MTD), will be extended to businesses that have voluntarily registered for VAT; even though their turnover does not exceed the compulsory...
Repayment Supplement Scheme Arrears

Repayment Supplement Scheme Arrears

All accountants are aware that if HMRC delays repaying a VAT return claim by more than 30 days, it is obliged under its Code of Practice, to pay a repayment supplement equal to 5% of the repayment amount or £50, whichever is greater. The only exception to this rule is...