HM Revenue and Customs (HMRC) has always been at the forefront of embracing technological advancements to make tax-related processes more straightforward for businesses and individuals.
Category Archives: HMRC
How could new “open banking enhancements” benefit your business?
Your business could benefit from a new scheme being run by HM Revenue & Customs (HMRC).Continue reading
Tax reliefs business owners can claim amidst record Corporation Tax payments
HM Revenue and Customs (HMRC) recently reported a record-breaking increase in Corporation Tax receipts for the 2022/23 tax year.
Closing on the inaugural Economic Crime Levy payment – What you need to know
As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment.
Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year
While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning.Continue reading
Navigating estate planning and Inheritance Tax: what you need to know
HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.
How businesses can navigate and avoid tax disputes with HMRC
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted more than a year, this is clearly a widespread issue.
HM Revenue & Customs pledge £5.5 million to support customers
HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes.Continue reading
What expenses can limited companies and sole traders claim?
Whether you’re the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring.
Are you aware of the Government’s Marriage Allowance?
As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year.