Lakin Rose

thetimes.co.uk/article/chaos-… #tax #taxrefunds

Corporation #tax is paid by #businesses in the UK calculated on annual #profits 👍 You can check your #company’s #accounting period by signing in to #HMRC’s online service. It'll usually be in line with your company’s financial statements and annual accounts 🙌 #sparkhouse #UoL

#HMRC to end payments via Post Office card accounts - 7,500 people receiving tax credits, child benefit and guardian’s allowance via Post Office must open alternative account by 5 April to avoid payments being stopped shar.es/aWRghz via @accountancylive

#HMRC given powers to name promoters of #tax avoidance schemes - names of suspected promoters can be published at an earlier stage than under existing anti-avoidance legislation - effective from 24 March when Finance Act 2022 passed shar.es/aWRgPQ via @accountancylive

Here are the latest Advisory Fuel Rates for review: gov.uk/guidance/advis…

Tax probe yields hit staggering £30bn as HMRC fights to recoup lost Covid revenues In the past year HMRC has ramped up its activity as the leniency it showed during the pandemic has ended --> buff.ly/3K87iMw #HMRC #Tax #Covid #Furlough #CovidLoans #TaxFraud

VAT - the annual accounting scheme There are a number of VAT schemes aimed at smaller businesses that help to simplify reporting. One is the annual accounting scheme (AAS). But what is this, and when might it be beneficial? Read more: lakinrose.co.uk/news/tax-news/…

The Fraud Investigation Service, #HMRC’s specialist fraud team, has recovered more than £1bn from the proceeds of crime and #tax offenders since its formation in April 2016 gov.uk/government/new…

HMRC warning over fake phone calls, emails and text messages before tax deadline dailyrecord.co.uk/lifestyle/mone…

Four million taxpayers still to file ahead of self assessment deadline on 31 Jan - taxpayers need to declare if they received grants or payments from Covid-19 support schemes up to 5 Apr 2021 on their self assessment as taxable #tax #HMRC shar.es/aW8Ref @accountancylive

Beware of online agents that offer to help claim rebates from HMRC, then pocket up to half of any payments. theguardian.com/money/2022/jan… #hmrc #uktax #ukscams #onlinescam

HMRC is reminding businesses to declare any COVID-19 Grants in their company tax returns> bit.ly/3A7Vnug #HMRC #TaxReturn #Covid

The HMRC is waiving late filing and late payment penalties for self-assessment taxpayers for one month. Even so, we're still working to the usual deadline to ensure we complete all our clients' returns. #HMRC #selfassessment #tax

Merry Christmas from all of us at Lakin Rose #Christmas #Cambridge

Let property: improvement v repair The tax rules for property businesses have changed considerably since 2010, for example the restriction of relief for financing costs to the equivalent of a basic rate tax reducer (at best). lakinrose.co.uk/news/tax-news/…

EIS - FTT considers risk to capital condition The enterprise investment scheme (EIS) is a collection of tax incentives aimed at encouraging private investment into younger trading companies. lakinrose.co.uk/news/tax-news/…

Using the Import One-Stop-Shop for low value sales The old low value import VAT threshold of €22 was abolished in June 2021. lakinrose.co.uk/news/tax-news/…

Season's Greetings from Lakin Rose

Bank of England: UK resilient but Covid fears remain bbc.in/3m1aLmK

Avoiding wasted capital losses There were rumours that CGT rates were going to be increased at the Budget. lakinrose.co.uk/news/tax-news/…