There are two ways to register for VAT:
– The VAT Registration Service (VRS) – online, or
– The VAT1 form – paper by post
This is set to change in November 2023 when only the online VRS route will be available.
HMRC said in their September Agent Update that already 95% of registrations are done online.
Closing the paper registration route will increase this percentage and increase the use of its digital services.
The digital exemption
route will still apply and there are some businesses that will still…
This is another article about Self-Assessment, specifically Student Loans and applies where:
– A taxpayer has an obligation to complete a Self-Assessment return, and
– They have an outstanding Student Loan balance (or Postgraduate Loan)
– Some of the Loan repayment is calculated in the employer’s payroll but the balance is due because of information declared on the tax return and
– The employer was payrolling benefits meaning the taxpayer’s taxable income was inflated
HMRC have advised their system calculates the Student Loan due based on taxable pay. This is incorrect. Student Loan repayments are…
HMRC used to offer an Inheritance Tax and Probate Helpline. From 02 October 2023,
the dedicated helpline is closed. This is all part of HMRC and HM Courts and Tribunals Service (HMCTS) working together with the intention
of improving the service for probate and Inheritance Tax customers.
There are now two numbers to contact:
– For probate queries, contact HMCTS – telephone 0300 303 0648 (or E-Mail
– For Inheritance Tax queries, contact HMRC – telephone 0300 123 1072 (or use HMRC’s online
but NOT if an…
These affect us personally and professionally and if you have policies and procedures regarding Statutory Paternity Leave (SPL) and Pay (SPP), be aware of changes coming from the start of the 2024/25 tax year. This information is provided to help you prepare.
The Government committed to making it easier for fathers to take leave (and pay) as follows:
– The 2 weeks can be taken in non-consecutive blocks of one week (compared to the fixed regime now)
– Instead of having to take the 2 weeks within…
In October, we wrote about the Self-Assessment registration deadline (the 5th).
Hot on the heels of this, you may receive communication in the following weeks or months from HMRC about the requirement to
complete a Self-Assessment tax return. The thing that stands out from the communication is HMRC’s use of the phrase
‘You don’t need to be an expert to do your tax return’. This massively simplifies an annual process that can be very complicated
and time-consuming. That is why there are experts and…