Warning of Fake HMRC VAT Email Scam

Cyber criminals have been targeting UK taxpayers with fake VAT return messages claiming to come from HMRC which, when opened, could infect PCs with a Trojan virus and allow them to take over the victim’s computer, according to information security specialists...

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Dividends Tax Rules – How this Affects you

THERE MAY BE MORE TAX TO PAY ON YOUR DIVIDENDS IN JANUARY The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers there will be more...

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Help to Buy Schemes Help 320,000 Property Purchases

Official figures show the government’s Help to Buy schemes have supported over 320,000 people to buy a home, including more than 275,000 first-time buyers, with nearly all purchases taking place outside London First time buyers have now opened over one million Help to...

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HMRC Confirms End of Traditional Tax Return

HMRC has provided more details of the new simple assessment system, designed to end the traditional tax return process, under which taxpayers who used to provide information under self assessment will no longer need to do so, as returns will now be pre-populated with...

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Loan Charge Introduced to Tackle Disguised Remuneration

Employees in receipt of payments in the form of loans will face a loan charge from HMRC in order to prevent tax avoidance through disguised remuneration Draft legislation from HMRC shows the measure will apply to existing disguised remuneration schemes that were made...

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NEW COMPANY LOSS RULES TO GO AHEAD

The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016. As a result of the first Finance Act being rushed through due to the snap General Election the...

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Latest on Making Tax Digital

Following concerns raised by the Treasury Select Committee, industry bodies and businesses, the Government has revised the timetable on Making Tax Digital for Business (MTDfB). The changes will now commence from 2019 for businesses which have a turnover which exceeds...

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